Edge Advisors LLC lessened its stake in shares of Rice Midstream Partners LP (NYSE:RMP) by 12.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,490 shares of the oil and gas producer’s stock after selling 2,535 shares during the period. Edge Advisors LLC’s holdings in Rice Midstream Partners were worth $386,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Tortoise Capital Advisors L.L.C. increased its stake in Rice Midstream Partners by 10.7% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 8,184,689 shares of the oil and gas producer’s stock valued at $163,203,000 after purchasing an additional 788,842 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Rice Midstream Partners by 25.9% during the second quarter. Goldman Sachs Group Inc. now owns 7,501,148 shares of the oil and gas producer’s stock valued at $149,573,000 after purchasing an additional 1,541,392 shares during the last quarter. Alps Advisors Inc. lifted its holdings in Rice Midstream Partners by 11.3% during the third quarter. Alps Advisors Inc. now owns 5,973,792 shares of the oil and gas producer’s stock valued at $125,091,000 after purchasing an additional 607,938 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Rice Midstream Partners by 28.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,097,219 shares of the oil and gas producer’s stock valued at $41,819,000 after purchasing an additional 468,864 shares during the last quarter. Finally, Atlantic Trust Group LLC lifted its holdings in Rice Midstream Partners by 34.2% during the second quarter. Atlantic Trust Group LLC now owns 1,613,471 shares of the oil and gas producer’s stock valued at $32,173,000 after purchasing an additional 410,851 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Shares of Rice Midstream Partners LP (NYSE:RMP) traded down $0.45 during mid-day trading on Wednesday, reaching $20.68. The company had a trading volume of 673,100 shares, compared to its average volume of 485,641. Rice Midstream Partners LP has a 12 month low of $16.87 and a 12 month high of $26.42. The stock has a market capitalization of $1,554.10, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 0.90 and a beta of 1.28. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.95 and a quick ratio of 0.95.

Rice Midstream Partners (NYSE:RMP) last announced its quarterly earnings results on Thursday, November 2nd. The oil and gas producer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The company had revenue of $81.70 million during the quarter, compared to analyst estimates of $65.25 million. Rice Midstream Partners had a return on equity of 13.59% and a net margin of 59.24%. The firm’s revenue was up 98.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. research analysts predict that Rice Midstream Partners LP will post 1.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Tuesday, November 7th were given a dividend of $0.2814 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $1.13 annualized dividend and a yield of 5.44%. This is a positive change from Rice Midstream Partners’s previous quarterly dividend of $0.27. Rice Midstream Partners’s dividend payout ratio (DPR) is currently 65.70%.

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Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. BMO Capital Markets set a $20.00 price objective on shares of Rice Midstream Partners and gave the stock a “buy” rating in a research report on Tuesday, October 10th. BidaskClub cut shares of Rice Midstream Partners from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Stifel Nicolaus set a $19.00 price objective on shares of Rice Midstream Partners and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Scotiabank reiterated a “hold” rating on shares of Rice Midstream Partners in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company’s stock. Rice Midstream Partners presently has an average rating of “Hold” and an average target price of $21.63.

About Rice Midstream Partners

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.

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

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