In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Rice Energy Inc. (NYSE:RICE) reported that Quantum V Investment Partners has picked up 16,849,325 of common stock as of 2017-02-06.
The acquisition brings the aggregate amount owned by Quantum V Investment Partners to a total of 16,849,325 representing a 6.9% stake in the company.
For those not familiar with the company, 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. The Exploration and Production segment is engaged in the acquisition, exploration and development of natural gas, oil and NGLs. The Exploration and Production segment operates in the cores of the Marcellus and Utica Shales. The Company controls approximately 231,000 net acres in the Marcellus and Ohio Utica Shale cores. It operates approximately 1,164 drilling locations. The Midstream segment is engaged in the gathering and compression of natural gas, oil and NGL production of, and in the provision of water services to support the well completion activities of, Rice Energy and third parties.
A glance at Rice Energy Inc. (NYSE:RICE)’s key stats reveals a current market capitalization of 4.42 billion based on 202.59 million shares outstanding and a price at last close of 21.02 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-11-30, Rice picked up 7,500 at a purchase price of $13.30. This brings their total holding to 44,649 as of the date of the filing.
On the sell side, the most recent transaction saw Rogers unload 28,979 shares at a sale price of $25.01. This brings their total holding to 60,802.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Rice Energy Inc. (NYSE:RICE) as things move forward to see if its progress aligns with these transactions.
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