Raymond James Gives RSP Permian (RSPP) Lower Rating; Wolverine Asset Management Has Trimmed Norfolk Southern (Call) (NSC) Position By $3.48 Million

Norfolk Southern Corporation (NYSE:NSC) Logo

Wolverine Asset Management Llc decreased Norfolk Southern Corp (Call) (NSC) stake by 1.8% reported in 2017Q4 SEC filing. Wolverine Asset Management Llc sold 24,200 shares as Norfolk Southern Corp (Call) (NSC)’s stock declined 7.56%. The Wolverine Asset Management Llc holds 1.32 million shares with $191.27M value, down from 1.34M last quarter. Norfolk Southern Corp (Call) now has $41.23B valuation. The stock increased 1.35% or $1.81 during the last trading session, reaching $135.78. About 1.59M shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 20.21% since April 2, 2017 and is uptrending. It has outperformed by 8.66% the S&P500.

Raymond James gave RSP Permian (NYSE:RSPP) shares a new “Hold” rating in a analysts note revealed to investors and clients on Monday, 2 April.

Investors sentiment decreased to 1.17 in 2017 Q4. Its down 0.11, from 1.28 in 2017Q3. It fall, as 28 investors sold RSP Permian, Inc. shares while 78 reduced holdings. 48 funds opened positions while 76 raised stakes. 134.36 million shares or 0.75% more from 133.37 million shares in 2017Q3 were reported. 3G Capital Ptnrs Ltd Partnership, New York-based fund reported 1.20 million shares. Alliancebernstein Lp reported 0% of its portfolio in RSP Permian, Inc. (NYSE:RSPP). 8,600 are owned by State Of Alaska Department Of Revenue. Susquehanna Limited Liability Partnership invested in 35,035 shares or 0% of the stock. Bamco Inc Ny stated it has 0.02% in RSP Permian, Inc. (NYSE:RSPP). Confluence Inv Limited Co reported 6,198 shares or 0% of all its holdings. Ci Investments holds 0.33% in RSP Permian, Inc. (NYSE:RSPP) or 846,100 shares. Sei Invests holds 0.02% or 168,081 shares in its portfolio. Quantitative Systematic Strategies Limited Company has invested 0.21% in RSP Permian, Inc. (NYSE:RSPP). Gradient Invests holds 0.03% or 12,578 shares. Goldman Sachs Group Incorporated Inc holds 0.05% or 4.69 million shares in its portfolio. Texan Management owns 7,800 shares. Renaissance Technology Llc reported 105,600 shares. Moreover, Eagle Asset has 1.01% invested in RSP Permian, Inc. (NYSE:RSPP). Us Natl Bank De reported 29,762 shares stake.

RSP Permian, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. The company has market cap of $7.48 billion. It owns interest in contiguous acreage blocks in the core of the Midland Basin primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector, and Glasscock. It has a 31.46 P/E ratio.

The stock increased 4.18% or $1.88 during the last trading session, reaching $46.88. About 13.90M shares traded or 319.56% up from the average. RSP Permian, Inc. (NYSE:RSPP) has 0.00% since April 2, 2017 and is . It has underperformed by 11.55% the S&P500.

Among 37 analysts covering RSP Permian (NYSE:RSPP), 30 have Buy rating, 0 Sell and 7 Hold. Therefore 81% are positive. RSP Permian has $63 highest and $21 lowest target. $44.82’s average target is -4.39% below currents $46.88 stock price. RSP Permian had 146 analyst reports since July 21, 2015 according to SRatingsIntel. Howard Weil upgraded it to “Sector Outperform” rating and $27 target in Thursday, February 25 report. Stifel Nicolaus maintained RSP Permian, Inc. (NYSE:RSPP) on Monday, January 29 with “Buy” rating. Imperial Capital initiated the shares of RSPP in report on Wednesday, June 15 with “Outperform” rating. On Monday, August 7 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Northland Capital with “Outperform” on Tuesday, August 4. As per Monday, August 15, the company rating was maintained by Barclays Capital. Credit Suisse initiated the stock with “Buy” rating in Monday, December 11 report. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Monday, August 22 report. The rating was maintained by Wunderlich with “Buy” on Monday, October 17. The firm earned “Neutral” rating on Friday, September 11 by Goldman Sachs.

Since October 4, 2017, it had 0 buys, and 4 insider sales for $5.33 million activity. $1.74M worth of RSP Permian, Inc. (NYSE:RSPP) was sold by Collins Ted Jr on Wednesday, January 3. McNeill Scott K. sold $926,250 worth of RSP Permian, Inc. (NYSE:RSPP) on Monday, December 11. Wallace Family Partnership – LP sold $1.27 million worth of stock or 29,877 shares.

Analysts await RSP Permian, Inc. (NYSE:RSPP) to report earnings on May, 1. They expect $0.49 EPS, up 206.25% or $0.33 from last year’s $0.16 per share. RSPP’s profit will be $78.13 million for 23.92 P/E if the $0.49 EPS becomes a reality. After $0.32 actual EPS reported by RSP Permian, Inc. for the previous quarter, Wall Street now forecasts 53.13% EPS growth.

Wolverine Asset Management Llc increased Metlife Inc (NYSE:MET) stake by 24,192 shares to 49,592 valued at $2.51 million in 2017Q4. It also upped Tenet Healthcare Corp (Put) (NYSE:THC) stake by 62,600 shares and now owns 198,000 shares. Grace W R & Co Del New (NYSE:GRA) was raised too.

Among 30 analysts covering Norfolk Southern Corp. (NYSE:NSC), 7 have Buy rating, 5 Sell and 18 Hold. Therefore 23% are positive. Norfolk Southern Corp. had 96 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Thursday, October 5 with “Hold”. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Outperform” rating by Cowen & Co on Thursday, January 28. The rating was initiated by Topeka Capital Markets with “Hold” on Tuesday, August 11. BMO Capital Markets maintained the shares of NSC in report on Thursday, November 30 with “Hold” rating. As per Thursday, January 28, the company rating was downgraded by Buckingham Research. The firm has “Hold” rating by Loop Capital given on Thursday, October 26. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Neutral” rating by UBS on Tuesday, July 28. Wells Fargo downgraded Norfolk Southern Corporation (NYSE:NSC) on Monday, October 16 to “Market Perform” rating. The firm has “Hold” rating by Oppenheimer given on Wednesday, July 26. The firm earned “Hold” rating on Friday, April 28 by TD Securities.

Analysts await Norfolk Southern Corporation (NYSE:NSC) to report earnings on April, 25. They expect $1.85 earnings per share, up 25.00% or $0.37 from last year’s $1.48 per share. NSC’s profit will be $561.70M for 18.35 P/E if the $1.85 EPS becomes a reality. After $1.69 actual earnings per share reported by Norfolk Southern Corporation for the previous quarter, Wall Street now forecasts 9.47% EPS growth.

Since October 26, 2017, it had 0 buys, and 5 insider sales for $2.43 million activity. Wheeler Michael Joseph also sold $244,011 worth of Norfolk Southern Corporation (NYSE:NSC) on Friday, February 16. 10,000 Norfolk Southern Corporation (NYSE:NSC) shares with value of $1.50 million were sold by Squires James A. Hurlbut Thomas E sold 1,000 shares worth $142,896.

Norfolk Southern Corporation (NYSE:NSC) Institutional Positions Chart