Boston Partners reduced its stake in Rice Energy Inc. (NYSE:RICE) by 52.9% during the second quarter, Holdings Channel reports. The institutional investor owned 2,225,992 shares of the oil and gas producer’s stock after selling 2,503,550 shares during the period. Boston Partners’ holdings in Rice Energy were worth $59,278,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of RICE. Schwab Charles Investment Management Inc. boosted its stake in Rice Energy by 6.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 682,510 shares of the oil and gas producer’s stock valued at $18,176,000 after buying an additional 38,621 shares in the last quarter. Seven Bridges Advisors LLC boosted its stake in Rice Energy by 75.7% in the second quarter. Seven Bridges Advisors LLC now owns 13,781 shares of the oil and gas producer’s stock valued at $367,000 after buying an additional 5,939 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in Rice Energy by 11.6% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 379,721 shares of the oil and gas producer’s stock valued at $10,112,000 after buying an additional 39,607 shares in the last quarter. ARP Americas LLC bought a new stake in Rice Energy during the second quarter valued at approximately $13,059,000. Finally, Kassirer Asset Management Corp bought a new stake in Rice Energy during the second quarter valued at approximately $5,326,000.

Shares of Rice Energy Inc. (RICE) opened at 27.63 on Friday. The firm’s 50-day moving average is $26.90 and its 200-day moving average is $22.70. The company’s market capitalization is $5.91 billion. Rice Energy Inc. has a 1-year low of $18.30 and a 1-year high of $29.55.

Rice Energy (NYSE:RICE) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The firm had revenue of $398.30 million for the quarter, compared to analysts’ expectations of $359.27 million. Rice Energy had a negative net margin of 3.00% and a positive return on equity of 3.27%. The business’s quarterly revenue was up 155.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.07) earnings per share. Analysts forecast that Rice Energy Inc. will post $0.57 earnings per share for the current fiscal year.

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Several equities research analysts have recently commented on the stock. BMO Capital Markets set a $30.00 target price on shares of Rice Energy and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Scotiabank reaffirmed a “hold” rating and issued a $27.00 target price on shares of Rice Energy in a research report on Thursday, August 3rd. Stephens cut shares of Rice Energy from an “overweight” rating to an “equal weight” rating and set a $30.00 target price for the company. in a research report on Thursday, August 3rd. BidaskClub raised shares of Rice Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Cowen and Company set a $30.00 target price on shares of Rice Energy and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Nineteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Rice Energy currently has a consensus rating of “Hold” and a consensus price target of $28.11.

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

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