Boston Partners cut its position in Eclipse Resources Corp (NYSE:ECR) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,514,546 shares of the energy producer’s stock after selling 380,784 shares during the period. Boston Partners owned 0.96% of Eclipse Resources worth $6,034,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in ECR. Voya Investment Management LLC raised its stake in shares of Eclipse Resources by 83.3% in the second quarter. Voya Investment Management LLC now owns 38,699 shares of the energy producer’s stock worth $111,000 after acquiring an additional 17,591 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Eclipse Resources during the third quarter worth approximately $101,000. GSA Capital Partners LLP raised its stake in shares of Eclipse Resources by 120.5% during the third quarter. GSA Capital Partners LLP now owns 45,304 shares of the energy producer’s stock worth $113,000 after buying an additional 24,754 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Eclipse Resources during the fourth quarter worth approximately $113,000. Finally, Bank of Montreal Can bought a new stake in shares of Eclipse Resources during the fourth quarter worth approximately $117,000. Hedge funds and other institutional investors own 92.38% of the company’s stock.
A number of research firms recently weighed in on ECR. Scotiabank set a $4.00 price target on shares of Eclipse Resources and gave the stock a “hold” rating in a research note on Tuesday, December 12th. Capital One Financial restated an “equal weight” rating on shares of Eclipse Resources in a report on Thursday, November 9th. Seaport Global Securities upgraded shares of Eclipse Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. Finally, Johnson Rice upgraded shares of Eclipse Resources from an “accumulate” rating to a “buy” rating in a report on Monday, December 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Eclipse Resources presently has an average rating of “Hold” and an average target price of $3.23.
In related news, major shareholder Encap Energy Capital Fund Viii purchased 37,823,596 shares of Eclipse Resources stock in a transaction dated Thursday, January 18th. The shares were bought at an average cost of $2.44 per share, for a total transaction of $92,289,574.24. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.
Shares of Eclipse Resources Corp (NYSE ECR) opened at $1.69 on Monday. Eclipse Resources Corp has a one year low of $1.60 and a one year high of $3.10. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.85. The firm has a market cap of $444.03, a P/E ratio of -11.27 and a beta of 2.76.
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Eclipse Resources Company Profile
Eclipse Resources Corporation is an independent exploration and production company. The Company is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. The Company is the operator of the Utica Core Area and its Marcellus Project Area. The Ordovician-aged Utica Shale is an unconventional reservoir consisting of organic-rich black shale, with production occurring at vertical depths between 6,000 and 10,000 feet.
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