S. Muoio & CO. LLC acquired a new stake in shares of Rice Energy Inc. (NYSE:RICE) during the second quarter, Holdings Channel reports. The fund acquired 50,000 shares of the oil and gas producer’s stock, valued at approximately $1,332,000.

Other hedge funds have also made changes to their positions in the company. State of Wisconsin Investment Board boosted its stake in shares of Rice Energy by 465.8% in the second quarter. State of Wisconsin Investment Board now owns 173,581 shares of the oil and gas producer’s stock valued at $4,622,000 after buying an additional 142,900 shares during the last quarter. Dupont Capital Management Corp boosted its stake in shares of Rice Energy by 1,473.8% in the second quarter. Dupont Capital Management Corp now owns 162,100 shares of the oil and gas producer’s stock valued at $4,317,000 after buying an additional 151,800 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Rice Energy by 92.0% in the second quarter. Advisors Asset Management Inc. now owns 15,414 shares of the oil and gas producer’s stock valued at $410,000 after buying an additional 7,384 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Rice Energy by 13.5% in the second quarter. Rhumbline Advisers now owns 171,669 shares of the oil and gas producer’s stock valued at $4,572,000 after buying an additional 20,480 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 97.27% of the company’s stock.

Shares of Rice Energy Inc. (NYSE:RICE) opened at 26.71 on Wednesday. Rice Energy Inc. has a 12-month low of $18.30 and a 12-month high of $29.55. The stock’s 50 day moving average is $26.95 and its 200-day moving average is $22.79. The stock’s market cap is $5.71 billion.

Rice Energy (NYSE:RICE) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $359.27 million. During the same quarter in the prior year, the business earned ($1.07) EPS. The company’s quarterly revenue was up 155.3% compared to the same quarter last year. Equities analysts anticipate that Rice Energy Inc. will post $0.57 EPS for the current fiscal year.

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RICE has been the subject of several analyst reports. BMO Capital Markets set a $30.00 target price on shares of Rice Energy and gave the company a “buy” rating in a research note on Tuesday, August 8th. Scotiabank reiterated a “hold” rating and issued a $27.00 target price on shares of Rice Energy in a research note 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 note on Thursday, August 3rd. BidaskClub upgraded shares of Rice Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Cowen and Company set a $30.00 target price on shares of Rice Energy and gave the company a “buy” rating in a research note on Wednesday, July 19th. Nineteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Rice Energy currently has a consensus rating of “Hold” and a consensus target price 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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