Rhumbline Advisers Acquires 36,956 Shares of Eclipse Resources Corporation (ECR)

Rhumbline Advisers grew its holdings in shares of Eclipse Resources Corporation (NYSE:ECR) by 60.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,055 shares of the energy producer’s stock after acquiring an additional 36,956 shares during the period. Rhumbline Advisers’ holdings in Eclipse Resources Corporation were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of ECR. AQR Capital Management LLC lifted its stake in shares of Eclipse Resources Corporation by 107.8% during the 1st quarter. AQR Capital Management LLC now owns 1,015,502 shares of the energy producer’s stock valued at $2,580,000 after buying an additional 526,735 shares in the last quarter. National Planning Corp lifted its stake in shares of Eclipse Resources Corporation by 1,641.7% during the 2nd quarter. National Planning Corp now owns 418,000 shares of the energy producer’s stock valued at $1,292,000 after buying an additional 394,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Eclipse Resources Corporation by 24.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,009,003 shares of the energy producer’s stock valued at $5,101,000 after buying an additional 388,924 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Eclipse Resources Corporation by 15.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,802,673 shares of the energy producer’s stock valued at $4,578,000 after buying an additional 234,600 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Eclipse Resources Corporation by 16.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,011,967 shares of the energy producer’s stock valued at $2,894,000 after buying an additional 141,036 shares in the last quarter. 93.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Eclipse Resources Corporation (NYSE:ECR) opened at 2.49 on Thursday. Eclipse Resources Corporation has a 52 week low of $1.60 and a 52 week high of $3.66. The stock’s market cap is $654.22 million. The firm has a 50-day moving average of $2.41 and a 200 day moving average of $2.43.

A number of research firms recently weighed in on ECR. Royal Bank Of Canada restated a “buy” rating and set a $3.50 target price on shares of Eclipse Resources Corporation in a research note on Friday, September 15th. Barclays PLC set a $2.50 target price on shares of Eclipse Resources Corporation and gave the company a “hold” rating in a research note on Wednesday. Seaport Global Securities cut shares of Eclipse Resources Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the company from $3.25 to $2.75 in a research note on Wednesday, June 21st. BidaskClub upgraded shares of Eclipse Resources Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, BMO Capital Markets set a $3.00 target price on shares of Eclipse Resources Corporation and gave the company a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Eclipse Resources Corporation has a consensus rating of “Hold” and a consensus price target of $2.96.

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In other news, COO Oleg E. Tolmachev sold 20,000 shares of Eclipse Resources Corporation stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $2.57, for a total value of $51,400.00. Following the sale, the chief operating officer now owns 423,920 shares in the company, valued at $1,089,474.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

About Eclipse Resources Corporation

Eclipse Resources Corporation is an independent exploration and production company. The Company is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. The Company is the operator of the Utica Core Area and its Marcellus Project Area. The Ordovician-aged Utica Shale is an unconventional reservoir consisting of organic-rich black shale, with production occurring at vertical depths between 6,000 and 10,000 feet.

Institutional Ownership by Quarter for Eclipse Resources Corporation (NYSE:ECR)

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