Utah Retirement Systems Has $820,000 Stake in Rice Energy Inc. (RICE)

Utah Retirement Systems raised its stake in shares of Rice Energy Inc. (NYSE:RICE) by 9.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,800 shares of the oil and gas producer’s stock after buying an additional 2,700 shares during the quarter. Utah Retirement Systems’ holdings in Rice Energy were worth $820,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Rice Energy by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 12,702,462 shares of the oil and gas producer’s stock worth $301,048,000 after buying an additional 397,428 shares during the period. BlackRock Inc. grew its position in shares of Rice Energy by 4,630.0% in the 1st quarter. BlackRock Inc. now owns 5,078,278 shares of the oil and gas producer’s stock valued at $120,357,000 after purchasing an additional 4,970,915 shares during the period. State Street Corp grew its position in shares of Rice Energy by 7.5% in the 1st quarter. State Street Corp now owns 4,027,970 shares of the oil and gas producer’s stock valued at $95,456,000 after purchasing an additional 280,658 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Rice Energy by 14.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,560,491 shares of the oil and gas producer’s stock valued at $84,380,000 after purchasing an additional 450,250 shares during the period. Finally, Stephens Investment Management Group LLC grew its position in shares of Rice Energy by 8.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,961,723 shares of the oil and gas producer’s stock valued at $46,493,000 after purchasing an additional 146,123 shares during the period. Institutional investors own 96.08% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://www.themarketsdaily.com/2017/09/11/utah-retirement-systems-has-820000-stake-in-rice-energy-inc-rice.html.

Several equities analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) lowered Rice Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $29.00 to $26.00 in a research report on Friday. US Capital Advisors lowered Rice Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Royal Bank Of Canada set a $27.00 price objective on Rice Energy and gave the company a “hold” rating in a research report on Thursday, August 24th. BidaskClub lowered Rice Energy from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $26.00 price objective on shares of Rice Energy in a research report on Wednesday, August 16th. Twenty-two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $28.16.

Shares of Rice Energy Inc. (NYSE:RICE) opened at 26.79 on Monday. The stock’s 50 day moving average price is $27.31 and its 200-day moving average price is $23.51. The company’s market cap is $5.73 billion. Rice Energy Inc. has a 52 week low of $18.30 and a 52 week high of $29.55.

Rice Energy (NYSE:RICE) last announced its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The company had revenue of $398.30 million for the quarter, compared to analysts’ expectations of $359.27 million. Rice Energy had a negative net margin of 3.00% and a positive return on equity of 3.27%. The firm’s quarterly revenue was up 155.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.07) EPS. Analysts expect that Rice Energy Inc. will post $0.67 EPS for the current year.

Rice Energy Profile

Rice Energy Inc (Rice Energy) is an independent natural gas and oil company. The Company is engaged in the acquisition, exploration and development of natural gas, oil and natural gas liquids (NGL) properties in the Appalachian Basin. The Company conducts its operations through two segments: Exploration and Production, and Midstream.

Want to see what other hedge funds are holding RICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rice Energy Inc. (NYSE:RICE).

Institutional Ownership by Quarter for Rice Energy (NYSE:RICE)

Receive News & Ratings for Rice Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rice Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply