Zimmer Partners LP lowered its position in Rice Midstream Partners LP (NYSE:RMP) by 32.4% in the fourth quarter, Holdings Channel reports. The fund owned 1,098,351 shares of the oil and gas producer’s stock after selling 526,500 shares during the quarter. Zimmer Partners LP’s holdings in Rice Midstream Partners were worth $23,582,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ferris Capital LLC bought a new position in shares of Rice Midstream Partners in the fourth quarter valued at approximately $293,000. Wells Fargo & Company MN raised its stake in shares of Rice Midstream Partners by 25.0% in the second quarter. Wells Fargo & Company MN now owns 17,202 shares of the oil and gas producer’s stock valued at $343,000 after acquiring an additional 3,437 shares during the last quarter. Allianz Asset Management GmbH bought a new position in shares of Rice Midstream Partners in the third quarter valued at approximately $384,000. Franklin Square Holdings L.P. bought a new position in shares of Rice Midstream Partners in the fourth quarter valued at approximately $397,000. Finally, Alliancebernstein L.P. raised its stake in shares of Rice Midstream Partners by 73.5% in the fourth quarter. Alliancebernstein L.P. now owns 25,000 shares of the oil and gas producer’s stock valued at $537,000 after acquiring an additional 10,590 shares during the last quarter.

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Shares of Rice Midstream Partners LP (NYSE:RMP) opened at $19.80 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.11. Rice Midstream Partners LP has a fifty-two week low of $16.87 and a fifty-two week high of $26.42. The company has a market cap of $2,020.46, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 0.79 and a beta of 1.15.

Rice Midstream Partners (NYSE:RMP) last released its earnings results on Thursday, February 15th. The oil and gas producer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Rice Midstream Partners had a net margin of 59.43% and a return on equity of 11.37%. equities analysts forecast that Rice Midstream Partners LP will post 1.67 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Friday, February 2nd were issued a dividend of $0.2917 per share. This represents a $1.17 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date of this dividend was Thursday, February 1st. This is a positive change from Rice Midstream Partners’s previous quarterly dividend of $0.28. Rice Midstream Partners’s payout ratio is currently 68.02%.

A number of analysts recently weighed in on the stock. Wellington Shields reissued a “market perform” rating on shares of Rice Midstream Partners in a report on Friday, February 23rd. Citigroup assumed coverage on shares of Rice Midstream Partners in a report on Monday, January 22nd. They issued a “neutral” rating and a $24.00 price target for the company. Johnson Rice lowered shares of Rice Midstream Partners from an “accumulate” rating to a “hold” rating in a report on Monday, January 29th. Zacks Investment Research lowered shares of Rice Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Finally, Tudor Pickering reissued a “hold” rating on shares of Rice Midstream Partners in a report on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.00.

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About Rice Midstream Partners

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.

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

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