JPMorgan Chase & Co. reduced its stake in shares of Eclipse Resources Corporation (NYSE:ECR) by 42.0% during the first quarter, Holdings Channel reports. The firm owned 757,050 shares of the energy producer’s stock after selling 547,097 shares during the period. JPMorgan Chase & Co.’s holdings in Eclipse Resources Corporation were worth $1,923,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of Eclipse Resources Corporation during the fourth quarter valued at about $1,977,000. Ameriprise Financial Inc. raised its stake in shares of Eclipse Resources Corporation by 15.0% in the first quarter. Ameriprise Financial Inc. now owns 1,802,673 shares of the energy producer’s stock worth $4,578,000 after buying an additional 234,600 shares in the last quarter. Boston Partners raised its stake in shares of Eclipse Resources Corporation by 18.9% in the first quarter. Boston Partners now owns 2,665,040 shares of the energy producer’s stock worth $6,769,000 after buying an additional 423,101 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Eclipse Resources Corporation by 18.5% in the fourth quarter. AQR Capital Management LLC now owns 488,767 shares of the energy producer’s stock worth $1,305,000 after buying an additional 76,366 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Eclipse Resources Corporation by 4.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,415,401 shares of the energy producer’s stock worth $3,779,000 after buying an additional 59,000 shares in the last quarter. Hedge funds and other institutional investors own 92.54% of the company’s stock.

Shares of Eclipse Resources Corporation (NYSE:ECR) opened at 2.77 on Tuesday. The stock’s market cap is $727.36 million. The stock’s 50 day moving average price is $2.42 and its 200 day moving average price is $2.42. Eclipse Resources Corporation has a 52 week low of $1.60 and a 52 week high of $3.81.

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A number of brokerages have weighed in on ECR. Scotiabank reaffirmed a “hold” rating and issued a $4.00 price objective on shares of Eclipse Resources Corporation in a report on Friday, June 30th. ValuEngine raised Eclipse Resources Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Barclays PLC reaffirmed a “neutral” rating on shares of Eclipse Resources Corporation in a report on Friday, July 7th. Seaport Global Securities lowered Eclipse Resources Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $3.25 to $2.75 in a report on Wednesday, June 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $5.00 price objective (up previously from $4.00) on shares of Eclipse Resources Corporation in a report on Monday, June 19th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Eclipse Resources Corporation currently has a consensus rating of “Hold” and an average target price of $3.60.

In other news, CFO Matthew R. Denezza sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $2.30, for a total value of $69,000.00. Following the completion of the transaction, the chief financial officer now directly owns 573,683 shares in the company, valued at $1,319,470.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Benjamin Ward Hulburt sold 75,000 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $2.50, for a total transaction of $187,500.00. Following the completion of the transaction, the insider now owns 1,321,958 shares of the company’s stock, valued at $3,304,895. The disclosure for this sale can be found here. Insiders sold 125,000 shares of company stock valued at $302,500 over the last quarter. Insiders own 1.10% of the company’s stock.

Eclipse Resources Corporation Company Profile

Eclipse Resources Corporation is an independent exploration and production company. The Company is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. The Company is the operator of the Utica Core Area and its Marcellus Project Area. The Ordovician-aged Utica Shale is an unconventional reservoir consisting of organic-rich black shale, with production occurring at vertical depths between 6,000 and 10,000 feet.

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Institutional Ownership by Quarter for Eclipse Resources Corporation (NYSE:ECR)

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