Goldman Sachs Group Inc. lessened its stake in Rice Midstream Partners LP (NYSE:RMP) by 8.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,278,426 shares of the oil and gas producer’s stock after selling 778,788 shares during the period. Goldman Sachs Group Inc. owned about 11.26% of Rice Midstream Partners worth $177,738,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC boosted its position in Rice Midstream Partners by 30.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 276,217 shares of the oil and gas producer’s stock worth $5,784,000 after purchasing an additional 63,992 shares in the last quarter. Grisanti Capital Management LLC acquired a new position in shares of Rice Midstream Partners during the 3rd quarter worth approximately $1,334,000. Atlantic Trust Group LLC raised its stake in shares of Rice Midstream Partners by 45.1% during the 3rd quarter. Atlantic Trust Group LLC now owns 2,341,401 shares of the oil and gas producer’s stock worth $49,029,000 after buying an additional 727,930 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Rice Midstream Partners by 15.7% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,425,979 shares of the oil and gas producer’s stock worth $50,800,000 after buying an additional 328,760 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of Rice Midstream Partners by 31.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 95,238 shares of the oil and gas producer’s stock worth $1,994,000 after buying an additional 23,032 shares during the period.
Several research analysts have recently weighed in on RMP shares. TheStreet raised Rice Midstream Partners from a “c” rating to a “b” rating in a research note on Monday, December 18th. Tudor Pickering reaffirmed a “hold” rating on shares of Rice Midstream Partners in a research note on Wednesday, December 13th. Johnson Rice downgraded Rice Midstream Partners from an “accumulate” rating to a “hold” rating in a research note on Monday, January 29th. Zacks Investment Research downgraded Rice Midstream Partners from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, Wells Fargo & Co downgraded Rice Midstream Partners from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $22.00.
Rice Midstream Partners (NYSE:RMP) last issued its earnings results on Thursday, February 15th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. Rice Midstream Partners had a return on equity of 11.37% and a net margin of 59.43%. equities analysts predict that Rice Midstream Partners LP will post 1.67 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Friday, February 2nd were issued a dividend of $0.2917 per share. The ex-dividend date of this dividend was Thursday, February 1st. This is a boost from Rice Midstream Partners’s previous quarterly dividend of $0.28. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.11%. Rice Midstream Partners’s dividend payout ratio is currently 68.02%.
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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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