Zweig DiMenna Associates LLC lifted its position in shares of Rice Energy Inc. (NYSE:RICE) by 497.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 285,120 shares of the oil and gas producer’s stock after buying an additional 237,420 shares during the quarter. Zweig DiMenna Associates LLC owned about 0.13% of Rice Energy worth $8,251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of RICE. Teachers Advisors LLC increased its position in shares of Rice Energy by 6.9% during the first quarter. Teachers Advisors LLC now owns 223,673 shares of the oil and gas producer’s stock worth $5,301,000 after buying an additional 14,436 shares during the period. Legal & General Group Plc increased its position in shares of Rice Energy by 233.6% during the first quarter. Legal & General Group Plc now owns 52,543 shares of the oil and gas producer’s stock worth $1,245,000 after buying an additional 36,794 shares during the period. BlackRock Inc. increased its position in shares of Rice Energy by 4,630.0% during the first quarter. BlackRock Inc. now owns 5,078,278 shares of the oil and gas producer’s stock worth $120,357,000 after buying an additional 4,970,915 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Rice Energy by 20.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 643,889 shares of the oil and gas producer’s stock worth $15,261,000 after buying an additional 110,637 shares during the period. Finally, Chicago Capital Management LLC acquired a new stake in shares of Rice Energy during the second quarter worth $27,767,000. Institutional investors own 87.22% of the company’s stock.

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Rice Energy Inc. (NYSE RICE) traded down $0.34 during midday trading on Friday, reaching $29.32. 26,809,102 shares of the company were exchanged, compared to its average volume of 7,058,663. Rice Energy Inc. has a 1-year low of $18.30 and a 1-year high of $29.72. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $6,685.93, a P/E ratio of 45.81 and a beta of 1.57.

RICE has been the subject of a number of research reports. Mizuho restated a “hold” rating and issued a $27.50 price target on shares of Rice Energy in a report on Friday, October 27th. Cowen and Company set a $30.00 price target on shares of Rice Energy and gave the stock a “buy” rating in a report on Wednesday, October 18th. BMO Capital Markets set a $30.00 price target on shares of Rice Energy and gave the stock a “buy” rating in a report on Tuesday, October 10th. Jefferies Group LLC set a $26.00 price target on shares of Rice Energy and gave the stock a “hold” rating in a report on Thursday, October 5th. Finally, BidaskClub cut shares of Rice Energy from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Nineteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $27.71.

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.

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

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