Wells Fargo & Company MN cut its holdings in Rice Energy Inc (NYSE:RICE) by 32.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,496 shares of the oil and gas producer’s stock after selling 41,455 shares during the period. Wells Fargo & Company MN’s holdings in Rice Energy were worth $2,503,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Rice Energy by 33.7% in the third quarter. JPMorgan Chase & Co. now owns 1,738,655 shares of the oil and gas producer’s stock valued at $50,160,000 after acquiring an additional 438,150 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Rice Energy by 22.8% in the third quarter. Legal & General Group Plc now owns 72,943 shares of the oil and gas producer’s stock valued at $2,111,000 after acquiring an additional 13,552 shares in the last quarter. FNY Partners Fund LP bought a new position in shares of Rice Energy in the third quarter valued at approximately $6,135,000. ETRADE Capital Management LLC bought a new position in shares of Rice Energy in the third quarter valued at approximately $296,000. Finally, Pacer Advisors Inc. grew its holdings in shares of Rice Energy by 39.2% in the third quarter. Pacer Advisors Inc. now owns 36,447 shares of the oil and gas producer’s stock valued at $1,055,000 after acquiring an additional 10,256 shares in the last quarter. 87.22% of the stock is owned by institutional investors.

Several equities analysts have weighed in on RICE shares. BidaskClub raised Rice Energy from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Royal Bank of Canada reissued a “hold” rating and set a $27.00 price objective on shares of Rice Energy in a report on Friday, September 29th. Scotiabank reissued a “hold” rating and set a $27.00 price objective on shares of Rice Energy in a report on Wednesday, October 4th. Jefferies Group set a $26.00 price objective on Rice Energy and gave the company a “hold” rating in a report on Thursday, October 5th. Finally, BMO Capital Markets set a $30.00 price objective on Rice Energy and gave the company a “buy” rating in a report on Tuesday, October 10th. Nineteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $27.58.

Shares of Rice Energy Inc (NYSE RICE) opened at $29.32 on Monday. The stock has a market capitalization of $6,690.00, a price-to-earnings ratio of -23.65 and a beta of 1.57. Rice Energy Inc has a 12-month low of $18.30 and a 12-month high of $29.72. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36.

Rice Energy (NYSE:RICE) last posted its earnings results on Thursday, November 2nd. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.08). Rice Energy had a negative return on equity of 13.19% and a net margin of 12.25%. sell-side analysts forecast that Rice Energy Inc will post 0.66 EPS for the current year.

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Rice Energy Company 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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