Today’s 13GD Filing: Learn Why Franklin Resources Inc Just Purchased Rex Energy Corp Stake?

Today's 13GD Filing: Learn Why Franklin Resources Inc Just Purchased Rex Energy Corp Stake?

The New Franklin Resources Inc Holding in Rex Energy Corp

Franklin Resources Inc filed with the SEC SC 13G/A form for Rex Energy Corp. The form can be accessed here: 000003877716000580. As reported in Franklin Resources Inc’s form, the filler as of late owns 9.5% or 9,051,987 shares of the Energy–company.

Rex Energy Corp stake is a new one for the for this institutional investor and it was filed because of activity on September 30, 2016. We feel this shows Franklin Resources Inc’s positive view for the stock.

Rex Energy Corp Institutional Sentiment

Latest Security and Exchange filings show 104 investors own Rex Energy Corp. The institutional ownership in Q3 2015 is high, at 50.21% of the outstanding shares. This is decreased by 13550801 the total institutional shares. 47866937 were the shares owned by these institutional investors. In total 12 funds opened new Rex Energy Corp stakes, 37 increased stakes. There were 26 that closed positions and 40 reduced them.

Winslow Asset Management Inc is an institutional investor bullish on Rex Energy Corp, owning 37810 shares as of Q3 2015 for 0.02% of its portfolio. Grt Capital Partners Llc owns 466863 shares or 0.26% of its portfolio. PA Muhlenkamp & Co Inc have 0.97% of their stock portfolio for 1589520 shares. Further, Schneider Capital Management Corp reported stake worth 0.12% of its US stock portfolio. The MA Twin Focus Capital Partners Llc owns 410711 shares. Rex Energy Corp is 1.08% of the manager’s US portfolio.

Business Profile

Rex Energy Corporation is an independent oil, natural gas liquid (NGL) and natural gas company. The Company has operations in the Appalachian Basin and Illinois Basin. In the Appalachian Basin, the Company is focused on its Marcellus Shale, Utica Shale and Upper Devonian (Burkett) Shale drilling and exploration activities. In the Illinois Basin, the Company is focused on its developmental oil drilling on its properties. The Company owns an interest in approximately 1,820 oil and natural gas wells. The Company produces an average of over 195.8 net millions of cubic feet equivalent (MMcfe) per day, composed of approximately 62.4% natural gas, over 9.5% oil and approximately 28.1% NGLs. In the Illinois Basin, the Company produces an average of approximately 1,998 barrels of oil per day (bopd). Including both developed and undeveloped acreage, the Company controls approximately 99,200 gross (over 79,700 net) acres in Illinois, Indiana and Kentucky.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment decreased to 0.37 in Q2 2016. Its down 0.71, from 1.08 in 2016Q1. The ratio worsened, as 40 funds sold all Rex Energy Corporation shares owned while 30 reduced positions. 17 funds bought stakes while 9 increased positions. They now own 21.68 million shares or 38.23% less from 35.10 million shares in 2016Q1.

New York State Common Retirement Fund has invested 0% of its portfolio in Rex Energy Corporation (NASDAQ:REXX). Vantage Inv Ltd Liability has 0% invested in the company for 5,109 shares. Muhlenkamp Company Inc has 0.17% invested in the company for 668,987 shares. Mackay Shields Limited Liability has invested 0.11% of its portfolio in Rex Energy Corporation (NASDAQ:REXX). Bank & Trust Of America De holds 0% or 17,797 shares in its portfolio. Susquehanna Intl Limited Liability Partnership holds 0% or 83,940 shares in its portfolio. Moreover, Vanguard Gru has 0% invested in Rex Energy Corporation (NASDAQ:REXX) for 2.18 million shares. Emerald Advisers Pa has 376,310 shares for 0.01% of their US portfolio. Primecap Ca last reported 0% of its portfolio in the stock. Alpine Vi Lc last reported 62,812 shares in the company. The Georgia-based Invesco has invested 0% in Rex Energy Corporation (NASDAQ:REXX). Symphony Asset Management Lc holds 0% or 45,000 shares in its portfolio. Wells Fargo Mn accumulated 6,502 shares or 0% of the stock. Jpmorgan Chase And holds 0% or 17,525 shares in its portfolio. Northern Trust owns 197,977 shares or 0% of their US portfolio.

Analysts await Rex Energy Corporation (NASDAQ:REXX) to report earnings on November, 14. They expect $-0.13 EPS, up 50.00% or $0.13 from last year’s $-0.26 per share. After $-0.08 actual EPS reported by Rex Energy Corporation for the previous quarter, Wall Street now forecasts 62.50% negative EPS growth.

About 165,822 shares traded hands. Rex Energy Corporation (NASDAQ:REXX) has declined 57.25% since March 8, 2016 and is downtrending. It has underperformed by 66.57% the S&P500.

Rex Energy Corporation is an independent oil, natural gas liquid and natural gas company. The company has a market cap of $53.35 million. The Firm has activities in the Appalachian Basin and Illinois Basin. It currently has negative earnings. In the Appalachian Basin, the Company is focused on its Marcellus Shale, Utica Shale and Upper Devonian (Burkett) Shale drilling and exploration activities.

Rex Energy Corporation (NASDAQ:REXX) Ratings Coverage

Out of 7 analysts covering Rex Energy (NASDAQ:REXX), 0 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 0 are positive. $5 is the highest target while $0.50 is the lowest. The $2.31 average target is 318.48% above today’s ($0.552) stock price. Rex Energy has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Stifel Nicolaus upgraded it to “Hold” rating and $0.52 target price in Thursday, September 29 report. The firm has “Hold” rating given on Tuesday, January 19 by KLR Group. The stock of Rex Energy Corporation (NASDAQ:REXX) has “Market Perform” rating given on Wednesday, November 11 by Northland Capital. Credit Suisse downgraded the shares of REXX in a report on Wednesday, July 22 to “Underperform” rating. The stock of Rex Energy Corporation (NASDAQ:REXX) has “In-Line” rating given on Monday, November 23 by Imperial Capital. As per Thursday, July 30, the company rating was maintained by Northland Capital. The rating was downgraded by Stifel Nicolaus on Tuesday, December 1 to “Sell”. Imperial Capital maintained Rex Energy Corporation (NASDAQ:REXX) on Tuesday, August 4 with “Outperform” rating. On Tuesday, December 22 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”.

Another recent and important Rex Energy Corporation (NASDAQ:REXX) news was published by Globenewswire.com which published an article titled: “Rex Energy Corporation Announces Agreement to Exchange of Outstanding 1.00%/8 …” on July 25, 2016.

According to Zacks Investment Research, “Rex Energy Corporation is an independent oil and gas company operating in the Illinois Basin, the Appalachian Basin and the southwestern region of the United States. The Company pursues a balanced growth strategy of exploiting its sizable inventory of lower-risk developmental drilling locations, pursuing its higher-potential exploration drilling and enhanced oil recovery projects, and actively seeking to acquire complementary oil and natural gas properties.”

REXX Company Profile

Rex Energy Corporation, incorporated on March 8, 2007, is an independent oil, natural gas liquid (NGL) and natural gas company. The Firm has activities in the Appalachian Basin and Illinois Basin. In the Appalachian Basin, the Company is focused on its Marcellus Shale, Utica Shale and Upper Devonian (Burkett) Shale drilling and exploration activities. In the Illinois Basin, the Company is focused on its developmental oil drilling on its properties.

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