Rice Midstream Partners LP (RMP) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in Rice Midstream Partners LP (NYSE:RMP) by 93.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,324,660 shares of the oil and gas producer’s stock after purchasing an additional 1,124,064 shares during the quarter. JPMorgan Chase & Co. owned about 3.16% of Rice Midstream Partners worth $48,283,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of RMP. Alliancebernstein L.P. lifted its holdings in Rice Midstream Partners by 40.6% in the first quarter. Alliancebernstein L.P. now owns 13,351 shares of the oil and gas producer’s stock worth $337,000 after purchasing an additional 3,855 shares during the period. Global X Management Co. LLC lifted its holdings in Rice Midstream Partners by 28.2% in the second quarter. Global X Management Co. LLC now owns 24,431 shares of the oil and gas producer’s stock worth $487,000 after purchasing an additional 5,372 shares during the period. Advisors Asset Management Inc. lifted its holdings in Rice Midstream Partners by 53.9% in the second quarter. Advisors Asset Management Inc. now owns 72,206 shares of the oil and gas producer’s stock worth $1,440,000 after purchasing an additional 25,295 shares during the period. Alps Advisors Inc. lifted its holdings in Rice Midstream Partners by 4.0% in the second quarter. Alps Advisors Inc. now owns 5,365,854 shares of the oil and gas producer’s stock worth $106,995,000 after purchasing an additional 204,375 shares during the period. Finally, Proficio Capital Partners LLC lifted its holdings in Rice Midstream Partners by 32.8% in the second quarter. Proficio Capital Partners LLC now owns 11,601 shares of the oil and gas producer’s stock worth $242,000 after purchasing an additional 2,867 shares during the period.

Rice Midstream Partners LP (NYSE RMP) traded up $0.14 during midday trading on Friday, reaching $21.39. The company’s stock had a trading volume of 268,761 shares, compared to its average volume of 305,339. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1,562.93, a P/E ratio of 12.35, a PEG ratio of 0.89 and a beta of 1.26. Rice Midstream Partners LP has a 12-month low of $16.87 and a 12-month high of $26.42.

Rice Midstream Partners (NYSE:RMP) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.11. The firm had revenue of $81.70 million for the quarter, compared to the consensus estimate of $65.25 million. Rice Midstream Partners had a return on equity of 13.59% and a net margin of 59.24%. The business’s revenue for the quarter was up 98.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 EPS. research analysts forecast that Rice Midstream Partners LP will post 1.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Tuesday, November 7th were issued a dividend of $0.2814 per share. This represents a $1.13 annualized dividend and a yield of 5.26%. The ex-dividend date was Monday, November 6th. This is an increase from Rice Midstream Partners’s previous quarterly dividend of $0.27. Rice Midstream Partners’s payout ratio is presently 65.70%.

Several equities research analysts have commented on RMP shares. Goldman Sachs Group cut shares of Rice Midstream Partners from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $27.00 to $23.00 in a research report on Friday, September 8th. Canaccord Genuity reiterated a “buy” rating on shares of Rice Midstream Partners in a research report on Wednesday, October 25th. AltaCorp Capital reiterated a “hold” rating on shares of Rice Midstream Partners in a research report on Monday, September 4th. Zacks Investment Research upgraded shares of Rice Midstream Partners from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Saturday, September 16th. Finally, ValuEngine cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. Rice Midstream Partners has an average rating of “Hold” and a consensus price target of $21.75.

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Rice Midstream Partners Company Profile

Rice Midstream Partners LP owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company’s segments are gathering and compression, and water services. The gathering and compression segment provides natural gas gathering and compression services for Rice Energy Inc (Rice Energy) and third parties in the Appalachian Basin.

Institutional Ownership by Quarter for Rice Midstream Partners (NYSE:RMP)

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