Insider Sale at RSP Permian (RSPP) Continues Selling Trend

Friday, January 12, 2018 10:15 PM ET

Insider Sale at RSP Permian (RSPP) Continues Selling Trend

An insider — Wallace Family Partnership LP, 10% Owner — disposed of 32,623 shares of RSP Permian having a market value of approximately $1,387,123 today, as revealed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 145,973 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 178,596 shares and have averaged 59,532 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at RSP Permian is above its 195-company peer group average. The Oil & Gas Exploration and Production peer group saw 180 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares traded per transaction by RSP Permian insiders is lower than its peers. Within the peer group there were 4,691,282 shares purchased and 7,425,474 shares sold with company insiders selling 15,190 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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