Quantbot Technologies LP increased its stake in shares of Rice Energy Inc. (NYSE:RICE) by 1,888.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,216 shares of the oil and gas producer’s stock after buying an additional 21,099 shares during the quarter. Quantbot Technologies LP’s holdings in Rice Energy were worth $642,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Rice Energy by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 12,999,586 shares of the oil and gas producer’s stock worth $346,180,000 after buying an additional 297,124 shares during the last quarter. PointState Capital LP grew its stake in Rice Energy by 16.4% during the 2nd quarter. PointState Capital LP now owns 8,521,214 shares of the oil and gas producer’s stock worth $226,920,000 after buying an additional 1,203,454 shares during the last quarter. BlackRock Inc. grew its stake in shares of Rice Energy by 6.8% in the second quarter. BlackRock Inc. now owns 5,426,111 shares of the oil and gas producer’s stock worth $144,498,000 after purchasing an additional 347,833 shares in the last quarter. CNH Partners LLC bought a new position in shares of Rice Energy in the second quarter worth $140,605,000. Finally, State Street Corp grew its stake in shares of Rice Energy by 8.7% in the second quarter. State Street Corp now owns 4,377,768 shares of the oil and gas producer’s stock worth $116,583,000 after purchasing an additional 349,798 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.
Several research analysts have recently issued reports on the company. 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. BidaskClub raised Rice Energy from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Royal Bank Of Canada reissued a “hold” rating and issued a $27.00 price target on shares of Rice Energy in a research note on Friday, September 29th. Scotiabank reissued a “hold” rating and issued a $27.00 price target on shares of Rice Energy in a research note on Thursday, August 3rd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $26.00 price target on shares of Rice Energy in a research note on Wednesday, August 16th. Nineteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.71.
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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.
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