Marshall Wace North America L.P. bought a new position in Rice Midstream Partners LP (NYSE:RMP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 455,661 shares of the oil and gas producer’s stock, valued at approximately $9,113,000. Marshall Wace North America L.P. owned 0.62% of Rice Midstream Partners at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Tortoise Capital Advisors L.L.C. increased its stake in Rice Midstream Partners by 10.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 8,184,689 shares of the oil and gas producer’s stock worth $163,203,000 after buying an additional 788,842 shares during the last quarter. Alps Advisors Inc. increased its stake in shares of Rice Midstream Partners by 4.0% in the second quarter. Alps Advisors Inc. now owns 5,365,854 shares of the oil and gas producer’s stock valued at $106,995,000 after buying an additional 204,375 shares in the last quarter. Morgan Stanley increased its stake in shares of Rice Midstream Partners by 7.2% in the first quarter. Morgan Stanley now owns 3,492,377 shares of the oil and gas producer’s stock valued at $88,078,000 after buying an additional 235,377 shares in the last quarter. Brookfield Asset Management Inc. increased its stake in shares of Rice Midstream Partners by 94.7% in the first quarter. Brookfield Asset Management Inc. now owns 2,098,371 shares of the oil and gas producer’s stock valued at $52,921,000 after buying an additional 1,020,490 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of Rice Midstream Partners by 55.4% in the first quarter. Clearbridge Investments LLC now owns 1,951,816 shares of the oil and gas producer’s stock valued at $49,225,000 after buying an additional 695,930 shares in the last quarter.

Rice Midstream Partners LP (RMP) opened at 20.05 on Friday. The company has a 50-day moving average price of $20.27 and a 200 day moving average price of $23.18. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 14.19 and a beta of 1.31. Rice Midstream Partners LP has a 1-year low of $16.87 and a 1-year high of $26.42.

Rice Midstream Partners (NYSE:RMP) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.09. Rice Midstream Partners had a net margin of 58.22% and a return on equity of 12.71%. The business had revenue of $72.38 million during the quarter, compared to analysts’ expectations of $58.20 million. During the same quarter in the prior year, the company earned $0.38 EPS. The firm’s quarterly revenue was up 55.5% on a year-over-year basis. Equities analysts anticipate that Rice Midstream Partners LP will post $1.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Tuesday, August 8th were given a $0.2711 dividend. The ex-dividend date of this dividend was Friday, August 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.41%. This is a boost from Rice Midstream Partners’s previous quarterly dividend of $0.26. Rice Midstream Partners’s dividend payout ratio is currently 70.13%.

TRADEMARK VIOLATION NOTICE: “Marshall Wace North America L.P. Invests $9.11 Million in Rice Midstream Partners LP (RMP)” was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The original version of this piece can be read at https://theolympiareport.com/2017/08/27/marshall-wace-north-america-l-p-invests-9-11-million-in-rice-midstream-partners-lp-rmp.html.

RMP has been the topic of several recent research reports. Zacks Investment Research upgraded Rice Midstream Partners from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Wednesday, May 3rd. Johnson Rice downgraded Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. SunTrust Banks, Inc. downgraded Rice Midstream Partners from a “buy” rating to a “hold” rating and reduced their price objective for the company from $28.00 to $21.00 in a research report on Monday, June 19th. Wells Fargo & Company downgraded Rice Midstream Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, June 19th. Finally, Drexel Hamilton downgraded Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Rice Midstream Partners has an average rating of “Hold” and a consensus target price of $23.78.

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.

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

Receive News & Ratings for Rice Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rice Midstream Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.