Zimmer Partners LP reduced its holdings in Rice Midstream Partners LP (NYSE:RMP) by 32.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. 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 owned about 1.49% of Rice Midstream Partners worth $23,582,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Wells Fargo & Company MN grew its position 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 purchasing an additional 3,437 shares during the last quarter. Texas Yale Capital Corp. lifted its stake in shares of Rice Midstream Partners by 4.6% in the fourth quarter. Texas Yale Capital Corp. now owns 227,246 shares of the oil and gas producer’s stock valued at $4,879,000 after buying an additional 10,046 shares during the period. Alliancebernstein L.P. lifted 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 buying an additional 10,590 shares during the period. Castleton Investment Management LLC lifted its stake in shares of Rice Midstream Partners by 20.7% in the fourth quarter. Castleton Investment Management LLC now owns 70,000 shares of the oil and gas producer’s stock valued at $1,503,000 after buying an additional 12,000 shares during the period. Finally, Ferris Capital LLC bought a new stake in shares of Rice Midstream Partners in the fourth quarter valued at about $293,000.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Rice Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Wellington Shields reiterated a “market perform” rating on shares of Rice Midstream Partners in a research note on Friday, February 23rd. Wells Fargo & Co cut shares of Rice Midstream Partners from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 22nd. ValuEngine cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Johnson Rice cut shares of Rice Midstream Partners from an “accumulate” rating to a “hold” rating in a research note on Monday, January 29th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.00.
Rice Midstream Partners (NYSE:RMP) last announced its quarterly 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 expect that Rice Midstream Partners LP will post 1.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Friday, February 2nd were paid a dividend of $0.2917 per share. This is a boost from Rice Midstream Partners’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, February 1st. This represents a $1.17 dividend on an annualized basis and a yield of 5.89%. Rice Midstream Partners’s dividend payout ratio (DPR) 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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