Oppenheimer & Co. Inc. raised its position in shares of Range Resources Corp. (NYSE:RRC) by 1.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 99,031 shares of the oil and gas exploration company’s stock after buying an additional 1,700 shares during the period. Oppenheimer & Co. Inc.’s holdings in Range Resources Corp. were worth $3,837,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of RRC. Wetherby Asset Management Inc. boosted its position in Range Resources Corp. by 0.8% in the second quarter. Wetherby Asset Management Inc. now owns 7,965 shares of the oil and gas exploration company’s stock valued at $344,000 after buying an additional 64 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its position in Range Resources Corp. by 1.0% in the third quarter. Eagle Boston Investment Management Inc. now owns 11,033 shares of the oil and gas exploration company’s stock valued at $427,000 after buying an additional 114 shares during the last quarter. Advantus Capital Management Inc boosted its position in Range Resources Corp. by 0.8% in the second quarter. Advantus Capital Management Inc now owns 16,370 shares of the oil and gas exploration company’s stock valued at $706,000 after buying an additional 127 shares during the last quarter. World Asset Management Inc boosted its position in Range Resources Corp. by 0.9% in the second quarter. World Asset Management Inc now owns 15,999 shares of the oil and gas exploration company’s stock valued at $690,000 after buying an additional 136 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in Range Resources Corp. by 1.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 13,420 shares of the oil and gas exploration company’s stock valued at $578,000 after buying an additional 145 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Range Resources Corp. (NYSE:RRC)

Shares of Range Resources Corp. (NYSE:RRC) traded down 0.38% during midday trading on Tuesday, reaching $36.37. 4,623,933 shares of the company traded hands. Range Resources Corp. has a 1-year low of $19.21 and a 1-year high of $46.96. The company’s market capitalization is $8.87 billion. The company has a 50 day moving average price of $35.38 and a 200 day moving average price of $39.73.

Range Resources Corp. (NYSE:RRC) last announced its quarterly earnings results on Tuesday, October 25th. The oil and gas exploration company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.10. Range Resources Corp. had a negative net margin of 54.13% and a negative return on equity of 13.00%. The firm earned $413 million during the quarter, compared to analysts’ expectations of $152.84 million. During the same quarter in the prior year, the company earned $0.03 EPS. The company’s revenue was down 13.9% compared to the same quarter last year. On average, analysts expect that Range Resources Corp. will post ($0.19) earnings per share for the current year.

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A number of research analysts recently commented on RRC shares. Morgan Stanley started coverage on Range Resources Corp. in a research note on Tuesday, September 20th. They issued an “equal weight” rating and a $45.00 target price on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $52.00 target price on shares of Range Resources Corp. in a research note on Friday, September 30th. Nomura reissued a “hold” rating and issued a $45.00 target price on shares of Range Resources Corp. in a research note on Monday, October 3rd. Vetr cut Range Resources Corp. from a “strong-buy” rating to a “buy” rating and set a $43.75 target price on the stock. in a research note on Monday, October 3rd. Finally, Credit Suisse Group AG reissued an “outperform” rating and issued a $49.00 target price on shares of Range Resources Corp. in a research note on Wednesday, September 21st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $44.38.

In related news, COO Ray N. Walker, Jr. sold 13,350 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $37.53, for a total transaction of $501,025.50. Following the completion of the transaction, the chief operating officer now owns 42,598 shares in the company, valued at approximately $1,598,702.94. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregory Gene Maxwell acquired 1,000 shares of Range Resources Corp. stock in a transaction that occurred on Tuesday, September 27th. The shares were purchased at an average price of $37.00 per share, with a total value of $37,000.00. Following the purchase, the director now owns 12,211 shares in the company, valued at $451,807. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by insiders.

Range Resources Corp. Company Profile

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company operates through the exploration and production of natural gas, NGLs and oil in the United States segment. The Company is engaged in the exploration, development and acquisition of natural gas and oil properties, focused in the Appalachian region of the United States.

5 Day Chart for NYSE:RRC

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