Dividend Assets Capital LLC reduced its position in shares of Rice Midstream Partners LP (NYSE:RMP) by 84.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,052 shares of the oil and gas producer’s stock after selling 512,617 shares during the period. Dividend Assets Capital LLC owned approximately 0.13% of Rice Midstream Partners worth $2,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Tortoise Capital Advisors L.L.C. lifted its holdings in Rice Midstream Partners by 10.7% during the 2nd 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 purchasing an additional 788,842 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Rice Midstream Partners by 25.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 7,501,148 shares of the oil and gas producer’s stock worth $149,573,000 after purchasing an additional 1,541,392 shares during the last quarter. Alps Advisors Inc. lifted its holdings in Rice Midstream Partners by 11.3% during the 3rd quarter. Alps Advisors Inc. now owns 5,973,792 shares of the oil and gas producer’s stock worth $125,091,000 after purchasing an additional 607,938 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Rice Midstream Partners by 28.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,097,219 shares of the oil and gas producer’s stock worth $41,819,000 after purchasing an additional 468,864 shares during the last quarter. Finally, Atlantic Trust Group LLC raised its holdings in Rice Midstream Partners by 34.2% in the 2nd quarter. Atlantic Trust Group LLC now owns 1,613,471 shares of the oil and gas producer’s stock valued at $32,173,000 after acquiring an additional 410,851 shares in the last quarter.

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Several equities analysts have weighed in on RMP shares. Wells Fargo & Company raised Rice Midstream Partners from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. Scotiabank set a $22.00 price objective on Rice Midstream Partners and gave the company a “hold” rating in a report on Saturday, July 22nd. Goldman Sachs Group, Inc. (The) cut Rice Midstream Partners from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $27.00 to $23.00 in a report on Friday, September 8th. BMO Capital Markets set a $20.00 price objective on Rice Midstream Partners and gave the company a “buy” rating in a report on Thursday, August 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Rice Midstream Partners in a report on Monday, September 4th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. Rice Midstream Partners presently has a consensus rating of “Hold” and an average target price of $21.63.

Shares of Rice Midstream Partners LP (RMP) traded down $0.46 during mid-day trading on Tuesday, reaching $20.61. The company had a trading volume of 283,700 shares, compared to its average volume of 488,877. The company has a market cap of $2,110.00 and a price-to-earnings ratio of 12.25. Rice Midstream Partners LP has a twelve month low of $16.87 and a twelve month high of $26.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.95 and a quick ratio of 0.95.

Rice Midstream Partners (NYSE:RMP) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The business had revenue of $81.70 million for the quarter, compared to analyst estimates of $65.25 million. Rice Midstream Partners had a return on equity of 13.59% and a net margin of 59.24%. Rice Midstream Partners’s quarterly revenue was up 98.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. sell-side analysts anticipate that Rice Midstream Partners LP will post 1.56 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Tuesday, November 7th will be given a dividend of $0.2814 per share. The ex-dividend date is Monday, November 6th. This represents a $1.13 dividend on an annualized basis and a yield of 5.46%. This is a positive change from Rice Midstream Partners’s previous quarterly dividend of $0.27. Rice Midstream Partners’s payout ratio is currently 71.52%.

Rice Midstream Partners 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)

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