Virtu Financial LLC decreased its position in shares of Rice Midstream Partners LP (NYSE:RMP) by 62.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,397 shares of the oil and gas producer’s stock after selling 24,199 shares during the quarter. Virtu Financial LLC’s holdings in Rice Midstream Partners were worth $301,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Huntington National Bank acquired a new position in shares of Rice Midstream Partners during the third quarter valued at $174,000. 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. Alliancebernstein L.P. lifted its holdings in Rice Midstream Partners by 5.9% in the second quarter. Alliancebernstein L.P. now owns 14,143 shares of the oil and gas producer’s stock worth $282,000 after purchasing an additional 792 shares during the period. Wells Fargo & Company MN lifted its holdings in Rice Midstream Partners by 25.0% in the second quarter. Wells Fargo & Company MN now owns 17,202 shares of the oil and gas producer’s stock worth $343,000 after purchasing an additional 3,437 shares during the period. Finally, Allianz Asset Management GmbH acquired a new stake in Rice Midstream Partners in the third quarter worth about $384,000.

Shares of Rice Midstream Partners LP (NYSE RMP) traded down $0.53 during midday trading on Thursday, reaching $21.24. 599,900 shares of the company’s stock were exchanged, compared to its average volume of 476,705. Rice Midstream Partners LP has a 52 week low of $16.87 and a 52 week high of $26.42. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1,601.17, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 0.92 and a beta of 1.26.

Rice Midstream Partners (NYSE:RMP) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas producer reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.11. Rice Midstream Partners had a net margin of 59.24% and a return on equity of 13.59%. The company had revenue of $81.70 million during the quarter, compared to the consensus estimate of $65.25 million. During the same period in the prior year, the company earned $0.30 EPS. Rice Midstream Partners’s revenue was up 98.8% on a year-over-year basis. sell-side analysts anticipate that Rice Midstream Partners LP will post 1.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Tuesday, November 7th were issued a $0.2814 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 5.30%. This is an increase from Rice Midstream Partners’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, November 6th. Rice Midstream Partners’s dividend payout ratio is presently 65.70%.

RMP has been the subject of several research analyst reports. Goldman Sachs Group downgraded shares of Rice Midstream Partners from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $27.00 to $23.00 in a report on Friday, September 8th. Canaccord Genuity reaffirmed a “buy” rating on shares of Rice Midstream Partners in a report on Wednesday, October 25th. AltaCorp Capital reaffirmed a “hold” rating on shares of Rice Midstream Partners in a report on Monday, September 4th. Zacks Investment Research downgraded shares of Rice Midstream Partners from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, ValuEngine downgraded shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price 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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