Nationwide Fund Advisors lessened its holdings in shares of Rice Energy Inc (NYSE:RICE) by 10.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,021 shares of the oil and gas producer’s stock after selling 16,500 shares during the quarter. Nationwide Fund Advisors owned approximately 0.07% of Rice Energy worth $4,081,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RICE. Havens Advisors LLC lifted its holdings in shares of Rice Energy by 250.0% during the 3rd quarter. Havens Advisors LLC now owns 245,000 shares of the oil and gas producer’s stock valued at $7,090,000 after buying an additional 175,000 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Rice Energy during the 3rd quarter valued at about $550,000. Banco BTG Pactual S.A. acquired a new stake in shares of Rice Energy during the 2nd quarter valued at about $7,563,000. GeoSphere Capital Management lifted its holdings in shares of Rice Energy by 100.0% during the 2nd quarter. GeoSphere Capital Management now owns 90,000 shares of the oil and gas producer’s stock valued at $240,000 after buying an additional 45,000 shares during the last quarter. Finally, NFC Investments LLC lifted its holdings in shares of Rice Energy by 1.0% during the 2nd quarter. NFC Investments LLC now owns 335,951 shares of the oil and gas producer’s stock valued at $8,946,000 after buying an additional 3,320 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on RICE. Mizuho reiterated a “hold” rating and set a $27.50 price target on shares of Rice Energy in a report on Friday, October 27th. Cowen set a $30.00 target price on Rice Energy and gave the stock a “buy” rating in a report on Wednesday, October 18th. BMO Capital Markets set a $30.00 target price on Rice Energy and gave the stock a “buy” rating in a report on Tuesday, October 10th. Jefferies Group set a $26.00 target price on Rice Energy and gave the stock a “hold” rating in a report on Thursday, October 5th. Finally, BidaskClub lowered Rice Energy from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Nineteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $27.71.

Shares of Rice Energy Inc (RICE) remained flat at $$29.32 during mid-day trading on Friday. Rice Energy Inc has a 12 month low of $18.30 and a 12 month high of $29.72. The company has a market cap of $6,690.00, a PE ratio of 45.81 and a beta of 1.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15.

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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.

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

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