Latest Stocks: Rice Energy Inc (RICE) Shares Bought by Russell Investments Group Ltd.

Latest Stocks: Rice Energy Inc (RICE) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in shares of Rice Energy Inc (NYSE:RICE) by 489.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 161,512 shares of the oil and gas producer’s stock after buying an additional 134,116 shares during the period. Russell Investments Group Ltd.’s holdings in Rice Energy were worth $3,828,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Comerica Bank increased its stake in shares of Rice Energy by 106.1% in the fourth quarter. Comerica Bank now owns 16,021 shares of the oil and gas producer’s stock valued at $330,000 after buying an additional 8,248 shares during the period. State Street Corp increased its stake in shares of Rice Energy by 18.0% in the fourth quarter. State Street Corp now owns 3,747,312 shares of the oil and gas producer’s stock valued at $79,997,000 after buying an additional 571,466 shares during the period. Omega Advisors Inc. acquired a new stake in shares of Rice Energy during the third quarter valued at about $10,444,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Rice Energy during the fourth quarter valued at about $16,059,000. Finally, Oxford Asset Management increased its stake in shares of Rice Energy by 14.2% in the fourth quarter. Oxford Asset Management now owns 223,830 shares of the oil and gas producer’s stock valued at $4,779,000 after buying an additional 27,751 shares during the period. 94.27% of the stock is currently owned by institutional investors.

Shares of Rice Energy Inc (NYSE RICE) opened at 19.50 on Tuesday. The stock’s market capitalization is $4.00 billion. Rice Energy Inc has a 1-year low of $18.30 and a 1-year high of $29.36. The firm’s 50-day moving average is $21.52 and its 200 day moving average is $21.67.

Rice Energy (NYSE:RICE) last issued its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.22 by $0.10. The business had revenue of $393.81 million for the quarter, compared to the consensus estimate of $364.60 million. Rice Energy had a negative net margin of 0.38% and a negative return on equity of 1.36%. On average, analysts expect that Rice Energy Inc will post $0.58 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on the stock. Deutsche Bank AG cut their price objective on shares of Rice Energy from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, March 7th. Scotiabank set a $31.00 price objective on shares of Rice Energy and gave the company a “buy” rating in a research report on Monday, March 20th. Barclays PLC reissued a “buy” rating on shares of Rice Energy in a research report on Wednesday, March 1st. Stifel Nicolaus assumed coverage on shares of Rice Energy in a research report on Thursday, March 23rd. They issued a “buy” rating and a $32.00 price objective for the company. Finally, Seaport Global Securities raised shares of Rice Energy from a “neutral” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Monday, February 6th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $30.76. About Rice Energy

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