AQR Capital Management LLC increased its position in shares of Eclipse Resources Corporation (NYSE:ECR) by 107.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,015,502 shares of the energy producer’s stock after buying an additional 526,735 shares during the period. AQR Capital Management LLC owned 0.39% of Eclipse Resources Corporation worth $2,580,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Engineers Gate Manager LP bought a new stake in Eclipse Resources Corporation during the first quarter worth approximately $136,000. UBS Asset Management Americas Inc. raised its stake in shares of Eclipse Resources Corporation by 99.3% in the first quarter. UBS Asset Management Americas Inc. now owns 57,000 shares of the energy producer’s stock worth $145,000 after buying an additional 28,400 shares during the last quarter. TFS Capital LLC raised its stake in shares of Eclipse Resources Corporation by 265.2% in the first quarter. TFS Capital LLC now owns 93,357 shares of the energy producer’s stock worth $237,000 after buying an additional 67,792 shares during the last quarter. Alambic Investment Management L.P. acquired a new stake in shares of Eclipse Resources Corporation during the first quarter worth about $292,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Eclipse Resources Corporation by 6.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 271,160 shares of the energy producer’s stock worth $689,000 after buying an additional 17,100 shares during the last quarter. 92.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of Eclipse Resources Corporation (NYSE:ECR) opened at 2.40 on Friday. The firm’s 50-day moving average price is $2.71 and its 200 day moving average price is $2.43. The stock’s market capitalization is $630.57 million. Eclipse Resources Corporation has a 12-month low of $1.60 and a 12-month high of $3.81.
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ECR has been the topic of a number of research analyst reports. ValuEngine lowered Eclipse Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Barclays PLC reissued an “equal weight” rating and issued a $2.50 price target (down from $3.00) on shares of Eclipse Resources Corporation in a research note on Saturday, April 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $5.00 price objective (up from $4.00) on shares of Eclipse Resources Corporation in a research note on Monday, June 19th. Scotiabank set a $4.00 price objective on Eclipse Resources Corporation and gave the company a “hold” rating in a research note on Thursday, August 3rd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Eclipse Resources Corporation in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $3.56.
In other news, COO Oleg E. Tolmachev sold 20,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $2.30, for a total transaction of $46,000.00. Following the transaction, the chief operating officer now owns 443,920 shares in the company, valued at $1,021,016. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew R. Denezza sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $2.30, for a total transaction of $69,000.00. Following the completion of the sale, the chief financial officer now owns 573,683 shares in the company, valued at approximately $1,319,470.90. The disclosure for this sale can be found here. Insiders have sold 145,000 shares of company stock worth $353,900 in the last quarter. Company insiders own 1.10% of the company’s stock.
Eclipse Resources Corporation 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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