Caymus Capital Partners L.P. trimmed its position in shares of Rice Energy Inc. (NYSE:RICE) by 18.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 977,450 shares of the oil and gas producer’s stock after selling 216,950 shares during the period. Rice Energy comprises 3.6% of Caymus Capital Partners L.P.’s investment portfolio, making the stock its 10th largest position. Caymus Capital Partners L.P. owned 0.43% of Rice Energy worth $28,287,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Seven Eight Capital LP purchased a new position in Rice Energy in the 2nd quarter worth approximately $118,000. Exane Asset Management purchased a new position in Rice Energy in the 2nd quarter worth approximately $132,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Rice Energy by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the oil and gas producer’s stock worth $149,000 after purchasing an additional 494 shares during the period. The Manufacturers Life Insurance Company increased its stake in Rice Energy by 22.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,304 shares of the oil and gas producer’s stock worth $195,000 after purchasing an additional 1,362 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in Rice Energy in the 3rd quarter worth approximately $205,000. 87.22% of the stock is currently owned by institutional investors.
RICE has been the topic of a number of analyst reports. BidaskClub raised Rice Energy from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. BMO Capital Markets set a $30.00 price target on Rice Energy and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Stephens cut Rice Energy from an “overweight” rating to an “equal weight” rating and set a $30.00 price target on the stock. in a research note on Thursday, August 3rd. Mizuho reaffirmed a “hold” rating and issued a $27.50 price target on shares of Rice Energy in a research note on Friday, October 27th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $27.00 target price on shares of Rice Energy in a research note on Friday, September 29th. Nineteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $27.71.
Rice Energy Company 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.
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