PEAK6 Investments L.P. Reduces Position in Rice Midstream Partners LP (RMP)

PEAK6 Investments L.P. lowered its stake in Rice Midstream Partners LP (NYSE:RMP) by 43.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,302 shares of the oil and gas producer’s stock after selling 9,463 shares during the period. PEAK6 Investments L.P.’s holdings in Rice Midstream Partners were worth $310,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RMP. Global X Management Co. LLC increased its stake in shares of Rice Midstream Partners by 3.1% in the first quarter. Global X Management Co. LLC now owns 19,059 shares of the oil and gas producer’s stock valued at $481,000 after buying an additional 565 shares during the period. Alliancebernstein L.P. increased its stake in shares of Rice Midstream Partners by 40.6% in the first quarter. Alliancebernstein L.P. now owns 13,351 shares of the oil and gas producer’s stock valued at $337,000 after buying an additional 3,855 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Rice Midstream Partners by 16.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 31,000 shares of the oil and gas producer’s stock valued at $782,000 after buying an additional 4,420 shares during the period. BNP Paribas Arbitrage SA bought a new stake in shares of Rice Midstream Partners during the first quarter valued at about $116,000. Finally, First Republic Investment Management Inc. increased its stake in shares of Rice Midstream Partners by 30.6% in the fourth quarter. First Republic Investment Management Inc. now owns 36,274 shares of the oil and gas producer’s stock valued at $891,000 after buying an additional 8,499 shares during the period.

Institutional Ownership by Quarter for Rice Midstream Partners (NYSE:RMP)

Rice Midstream Partners LP (NYSE RMP) traded up 0.91% during midday trading on Friday, hitting $24.36. 1,352,673 shares of the stock were exchanged. The firm has a market capitalization of $2.49 billion, a P/E ratio of 17.87 and a beta of 1.29. The firm’s 50-day moving average price is $25.01 and its 200 day moving average price is $24.37. Rice Midstream Partners LP has a 1-year low of $18.05 and a 1-year high of $26.42.

Rice Midstream Partners (NYSE:RMP) last announced its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. The company had revenue of $62.75 million for the quarter, compared to analysts’ expectations of $56.64 million. Rice Midstream Partners had a net margin of 58.46% and a return on equity of 12.79%. Analysts expect that Rice Midstream Partners LP will post $1.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Tuesday, May 9th were paid a dividend of $0.2608 per share. This is a boost from Rice Midstream Partners’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend was Friday, May 5th. Rice Midstream Partners’s dividend payout ratio is presently 69.33%.

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Several equities research analysts have issued reports on the stock. Scotiabank set a $29.00 price objective on shares of Rice Midstream Partners and gave the stock a “buy” rating in a research report on Saturday, April 22nd. TheStreet upgraded shares of Rice Midstream Partners from a “c+” rating to a “b” rating in a research report on Friday, April 21st. Zacks Investment Research upgraded shares of Rice Midstream Partners from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, May 3rd. Johnson Rice assumed coverage on shares of Rice Midstream Partners in a research report on Thursday, March 23rd. They set an “accumulate” rating for the company. Finally, Stifel Nicolaus restated a “hold” rating and set a $25.00 price objective (up from $23.00) on shares of Rice Midstream Partners in a research report on Monday, February 27th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $27.67.

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.

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