ING Groep NV Boosts Stake in Rice Midstream Partners LP (RMP)

ING Groep NV grew its position in Rice Midstream Partners LP (NYSE:RMP) by 905.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,017,204 shares of the oil and gas producer’s stock after purchasing an additional 916,000 shares during the period. ING Groep NV owned approximately 1.38% of Rice Midstream Partners worth $21,300,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Rice Midstream Partners by 10.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 8,184,689 shares of the oil and gas producer’s stock valued at $163,203,000 after purchasing an additional 788,842 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Rice Midstream Partners by 25.9% in the second quarter. Goldman Sachs Group Inc. now owns 7,501,148 shares of the oil and gas producer’s stock valued at $149,573,000 after purchasing an additional 1,541,392 shares in the last quarter. Alps Advisors Inc. lifted its holdings in shares of Rice Midstream Partners by 11.3% in the third quarter. Alps Advisors Inc. now owns 5,973,792 shares of the oil and gas producer’s stock valued at $125,091,000 after purchasing an additional 607,938 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Rice Midstream Partners by 28.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,097,219 shares of the oil and gas producer’s stock valued at $41,819,000 after purchasing an additional 468,864 shares in the last quarter. Finally, Atlantic Trust Group LLC lifted its holdings in shares of Rice Midstream Partners by 34.2% in the second 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 purchasing an additional 410,851 shares in the last quarter.

Shares of Rice Midstream Partners LP (NYSE RMP) opened at $21.25 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $1,541.60, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 0.88 and a beta of 1.26. Rice Midstream Partners LP has a 52 week low of $16.87 and a 52 week high of $26.42.

Rice Midstream Partners (NYSE:RMP) last released its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.11. The firm 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%. The business’s revenue for the quarter was up 98.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. equities research analysts forecast that Rice Midstream Partners LP will post 1.59 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Tuesday, November 7th were paid a $0.2814 dividend. This is a positive change from Rice Midstream Partners’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, November 6th. This represents a $1.13 annualized dividend and a yield of 5.30%. Rice Midstream Partners’s dividend payout ratio is currently 65.70%.

Several analysts recently issued reports on the company. Zacks Investment Research upgraded Rice Midstream Partners from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Saturday, September 16th. Canaccord Genuity reiterated a “buy” rating on shares of Rice Midstream Partners in a report on Wednesday, October 25th. Stifel Nicolaus set a $19.00 target price on Rice Midstream Partners and gave the stock a “hold” rating in a report on Friday, August 25th. BMO Capital Markets set a $20.00 target price on Rice Midstream Partners and gave the stock a “buy” rating in a report on Tuesday, October 10th. Finally, Scotiabank reiterated a “hold” rating on shares of Rice Midstream Partners in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $21.75.

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Rice Midstream Partners Company 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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