Athos Capital Ltd acquired a new position in Rice Energy Inc. (NYSE:RICE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 110,400 shares of the oil and gas producer’s stock, valued at approximately $3,195,000. Rice Energy makes up about 2.4% of Athos Capital Ltd’s investment portfolio, making the stock its 13th largest holding. Athos Capital Ltd owned about 0.05% of Rice Energy as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of 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 valued at $346,180,000 after buying an additional 297,124 shares in the last quarter. PointState Capital LP lifted its stake in Rice Energy by 16.4% in 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 purchasing an additional 1,203,454 shares in the last quarter. BlackRock Inc. lifted its stake in Rice Energy by 6.8% in the 2nd 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 purchased a new stake in Rice Energy in the 2nd quarter worth approximately $140,605,000. Finally, State Street Corp lifted its stake in Rice Energy by 8.7% in the 2nd 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. 87.22% of the stock is owned by institutional investors and hedge funds.
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Several research firms have issued reports on RICE. BidaskClub upgraded shares of Rice Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. US Capital Advisors cut shares of Rice Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Cowen and Company set a $30.00 price objective on shares of Rice Energy and gave the company a “buy” rating in a research report on Wednesday, October 18th. Goldman Sachs Group, Inc. (The) cut shares of Rice Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $29.00 to $26.00 in a research report on Friday, September 8th. Finally, Scotiabank restated a “hold” rating and set a $27.00 price objective on shares of Rice Energy in a research report on Thursday, August 3rd. Nineteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $27.71.
Rice Energy Inc. (NYSE RICE) opened at $29.32 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The stock has a market cap of $6,685.94, a PE ratio of 45.81 and a beta of 1.57. Rice Energy Inc. has a twelve month low of $18.30 and a twelve month high of $29.72.
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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