The William Blair Investment Management LLC Purchases 95,010 Shares of Rice Energy Inc (RICE)

The William Blair Investment Management LLC Purchases 95,010 Shares of Rice Energy Inc (RICE)

A number of other institutional investors also recently bought and sold shares of the stock. New York State Teachers Retirement System increased its position in Rice Energy by 1.0% in the fourth quarter. New York State Teachers Retirement System now owns 10,500 shares of the oil and gas producer’s stock valued at $224,000 after buying an additional 100 shares in the last quarter. Stifel Financial Corp increased its position in Rice Energy by 0.5% in the first quarter. Stifel Financial Corp now owns 65,282 shares of the oil and gas producer’s stock valued at $1,541,000 after buying an additional 296 shares in the last quarter. Essex Investment Management Co. LLC increased its position in Rice Energy by 3.3% in the third quarter. Essex Investment Management Co. LLC now owns 31,703 shares of the oil and gas producer’s stock valued at $828,000 after buying an additional 1,017 shares in the last quarter. ProShare Advisors LLC increased its position in Rice Energy by 7.8% in the first quarter. ProShare Advisors LLC now owns 14,953 shares of the oil and gas producer’s stock valued at $354,000 after buying an additional 1,084 shares in the last quarter. Finally, Parkwood LLC increased its position in Rice Energy by 18.0% in the first quarter. Parkwood LLC now owns 38,711 shares of the oil and gas producer’s stock valued at $917,000 after buying an additional 5,893 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

William Blair Investment Management LLC increased its stake in shares of Rice Energy Inc (NYSE:RICE) by 11.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 957,887 shares of the oil and gas producer’s stock after buying an additional 95,010 shares during the period. William Blair Investment Management LLC owned 0.47% of Rice Energy worth $22,702,000 at the end of the most recent reporting period.

Shares of Rice Energy Inc (NYSE:RICE) traded down 1.64% during midday trading on Friday, hitting $19.75. 4,601,316 shares of the company’s stock were exchanged. The firm’s market cap is $4.05 billion. The stock’s 50-day moving average price is $21.58 and its 200 day moving average price is $21.73. Rice Energy Inc has a one year low of $18.30 and a one year high of $29.36.

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $28.00 price target on shares of Rice Energy in a research note on Friday. Stifel Nicolaus raised their price target on shares of Rice Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. National Securities reissued a “buy” rating and issued a $30.00 price target on shares of Rice Energy in a research note on Monday, May 8th. Williams Capital reissued a “buy” rating and issued a $30.00 price target on shares of Rice Energy in a research note on Thursday, May 4th. Finally, Scotiabank reissued a “buy” rating and issued a $30.00 price target on shares of Rice Energy in a research note on Thursday, May 4th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $30.76. Rice Energy Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RICE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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