Capital Fund Management S.A. Trims Stake in Rice Energy Inc. (RICE)

Capital Fund Management S.A. cut its position in Rice Energy Inc. (NYSE:RICE) by 57.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,538 shares of the oil and gas producer’s stock after selling 261,497 shares during the period. Capital Fund Management S.A. owned 0.09% of Rice Energy worth $5,181,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantum Capital Management grew its stake in shares of Rice Energy by 40.0% in the 1st quarter. Quantum Capital Management now owns 274,477 shares of the oil and gas producer’s stock valued at $6,505,000 after buying an additional 78,425 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of Rice Energy by 43.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 80,995 shares of the oil and gas producer’s stock valued at $1,920,000 after buying an additional 24,710 shares during the period. Soros Fund Management LLC acquired a new stake in shares of Rice Energy in the 1st quarter valued at about $1,778,000. Kassirer Asset Management Corp acquired a new stake in shares of Rice Energy in the 2nd quarter valued at about $5,326,000. Finally, KAMES CAPITAL plc grew its stake in shares of Rice Energy by 29.6% in the 2nd quarter. KAMES CAPITAL plc now owns 42,329 shares of the oil and gas producer’s stock valued at $1,127,000 after buying an additional 9,660 shares during the period. Institutional investors own 96.08% of the company’s stock.

Shares of Rice Energy Inc. (NYSE RICE) opened at 27.09 on Tuesday. The company’s market cap is $5.79 billion. Rice Energy Inc. has a 12-month low of $18.30 and a 12-month high of $29.55. The company has a 50 day moving average of $27.31 and a 200-day moving average of $23.59.

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

A number of research firms have issued reports on RICE. Royal Bank Of Canada set a $28.00 price target on Rice Energy and gave the company a “buy” rating in a research note on Friday, June 2nd. BidaskClub upgraded Rice Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Mizuho reiterated a “buy” rating and set a $34.00 price target on shares of Rice Energy in a research note on Friday, June 16th. Jefferies Group LLC set a $26.00 price target on Rice Energy and gave the company a “buy” rating in a research note on Saturday, June 17th. Finally, Williams Capital reiterated a “buy” rating and set a $27.00 price target on shares of Rice Energy in a research note on Monday, June 19th. Twenty-two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $28.16.

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About Rice Energy

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.

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

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