Oxford Asset Management raised its stake in shares of Rice Energy Inc. (NYSE:RICE) by 14.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 223,830 shares of the company’s stock after buying an additional 27,751 shares during the period. Oxford Asset Management’s holdings in Rice Energy were worth $4,779,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of RICE. Share Andrew L. acquired a new stake in Rice Energy during the fourth quarter valued at $636,230,000. Vanguard Group Inc. boosted its stake in Rice Energy by 37.3% in the second quarter. Vanguard Group Inc. now owns 8,087,836 shares of the company’s stock valued at $178,256,000 after buying an additional 2,195,887 shares in the last quarter. Harvest Fund Advisors LLC acquired a new stake in Rice Energy during the second quarter valued at $117,712,000. Boston Partners boosted its stake in Rice Energy by 6.1% in the third quarter. Boston Partners now owns 5,209,254 shares of the company’s stock valued at $136,014,000 after buying an additional 301,188 shares in the last quarter. Finally, State Street Corp boosted its stake in Rice Energy by 18.0% in the fourth quarter. State Street Corp now owns 3,747,312 shares of the company’s stock valued at $79,997,000 after buying an additional 571,466 shares in the last quarter. 94.27% of the stock is owned by institutional investors.
Shares of Rice Energy Inc. (NYSE:RICE) traded up 0.14% during trading on Tuesday, reaching $20.82. The company’s stock had a trading volume of 1,151,911 shares. The firm’s market cap is $4.22 billion. The company’s 50 day moving average price is $20.96 and its 200 day moving average price is $23.93. Rice Energy Inc. has a 12 month low of $8.06 and a 12 month high of $29.36.
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Several research analysts recently commented on RICE shares. Jefferies Group LLC set a $32.00 target price on Rice Energy and gave the stock a “buy” rating in a research report on Tuesday, October 18th. Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating and issued a $30.00 target price on shares of Rice Energy in a research report on Friday, December 9th. Seaport Global Securities raised Rice Energy from a “neutral” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Monday, February 6th. National Securities reaffirmed a “buy” rating on shares of Rice Energy in a research report on Monday, November 7th. Finally, Goldman Sachs Group, Inc. (The) started coverage on Rice Energy in a research report on Monday, November 7th. They issued a “neutral” rating and a $27.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $27.84.
In related news, insider James Wilmot Rogers sold 114,523 shares of the stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of $25.50, for a total value of $2,920,336.50. Following the completion of the sale, the insider now directly owns 89,781 shares of the company’s stock, valued at approximately $2,289,415.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by corporate insiders.
About Rice Energy
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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