Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of Rice Energy Inc. (NYSE:RICE) by 55.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,242 shares of the oil and gas producer’s stock after selling 60,695 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Rice Energy were worth $1,285,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Rice Energy by 3.2% during the first quarter. Vanguard Group Inc. now owns 12,702,462 shares of the oil and gas producer’s stock worth $301,048,000 after acquiring an additional 397,428 shares during the period. BlackRock Inc. grew its stake in Rice Energy by 4,630.0% during the first quarter. BlackRock Inc. now owns 5,078,278 shares of the oil and gas producer’s stock worth $120,357,000 after buying an additional 4,970,915 shares in the last quarter. State Street Corp grew its stake in Rice Energy by 7.5% during the first quarter. State Street Corp now owns 4,027,970 shares of the oil and gas producer’s stock worth $95,456,000 after buying an additional 280,658 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Rice Energy by 14.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,560,491 shares of the oil and gas producer’s stock worth $84,380,000 after buying an additional 450,250 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in Rice Energy by 16.0% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,748,291 shares of the oil and gas producer’s stock worth $73,187,000 after buying an additional 378,655 shares in the last quarter. 96.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of Rice Energy Inc. (RICE) opened at 26.79 on Friday. Rice Energy Inc. has a 52-week low of $18.30 and a 52-week high of $29.55. The company’s 50-day moving average is $27.31 and its 200 day moving average is $23.51. The firm’s market capitalization is $5.73 billion.

Rice Energy (NYSE:RICE) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The company had revenue of $398.30 million during the quarter, compared to the consensus estimate of $359.27 million. Rice Energy had a positive return on equity of 3.27% and a negative net margin of 3.00%. The firm’s revenue for the quarter was up 155.3% on a year-over-year basis. During the same quarter last year, the company posted ($1.07) earnings per share. Analysts expect that Rice Energy Inc. will post $0.67 EPS for the current fiscal year.

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A number of equities research analysts have issued reports on RICE shares. Royal Bank Of Canada set a $28.00 price objective on shares of Rice Energy and gave the stock a “buy” rating in a research note on Friday, June 2nd. BMO Capital Markets reiterated a “buy” rating and set a $28.00 price objective on shares of Rice Energy in a research note on Tuesday, June 20th. Scotiabank reiterated a “buy” rating and set a $29.00 price objective on shares of Rice Energy in a research note on Monday, June 19th. Williams Capital reiterated a “buy” rating and set a $27.00 price objective on shares of Rice Energy in a research note on Monday, June 19th. Finally, Jefferies Group LLC set a $26.00 price objective on shares of Rice Energy and gave the stock a “buy” rating in a research note on Saturday, June 17th. Twenty-two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.16.

Rice Energy 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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Institutional Ownership by Quarter for Rice Energy (NYSE:RICE)

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