Victory Capital Management Inc. lowered its position in Range Resources Corporation (NYSE:RRC) by 3.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,422 shares of the oil and gas exploration company’s stock after selling 110 shares during the period. Victory Capital Management Inc.’s holdings in Range Resources Corporation were worth $100,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in RRC. Bank of Montreal Can boosted its stake in shares of Range Resources Corporation by 22.0% in the first quarter. Bank of Montreal Can now owns 417,333 shares of the oil and gas exploration company’s stock worth $12,143,000 after buying an additional 75,348 shares during the last quarter. Augustine Asset Management Inc. boosted its stake in shares of Range Resources Corporation by 1.8% in the first quarter. Augustine Asset Management Inc. now owns 105,675 shares of the oil and gas exploration company’s stock worth $3,075,000 after buying an additional 1,900 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Range Resources Corporation by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 57,376 shares of the oil and gas exploration company’s stock worth $1,669,000 after buying an additional 600 shares during the last quarter. Creative Planning boosted its stake in shares of Range Resources Corporation by 75.6% in the first quarter. Creative Planning now owns 100,813 shares of the oil and gas exploration company’s stock worth $2,934,000 after buying an additional 43,388 shares during the last quarter. Finally, S&CO Inc. boosted its stake in shares of Range Resources Corporation by 14.9% in the first quarter. S&CO Inc. now owns 76,151 shares of the oil and gas exploration company’s stock worth $2,216,000 after buying an additional 9,870 shares during the last quarter. Institutional investors and hedge funds own 92.78% of the company’s stock.

Range Resources Corporation (NYSE RRC) traded down 0.67% during midday trading on Thursday, reaching $17.78. The company had a trading volume of 11,229,563 shares. The stock’s 50 day moving average price is $22.18 and its 200-day moving average price is $26.71. Range Resources Corporation has a one year low of $17.48 and a one year high of $43.60. The firm has a market capitalization of $4.41 billion, a P/E ratio of 136.77 and a beta of 0.93.

Range Resources Corporation (NYSE:RRC) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.20. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. The firm had revenue of $565 million for the quarter, compared to analysts’ expectations of $544.08 million. During the same quarter last year, the company earned ($1.35) EPS. The firm’s revenue for the quarter was up 55.8% compared to the same quarter last year. On average, equities research analysts anticipate that Range Resources Corporation will post $0.60 earnings per share for the current year.

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Several analysts recently commented on RRC shares. Zacks Investment Research upgraded Range Resources Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Monday, July 17th. Citigroup Inc. lowered their target price on Range Resources Corporation from $42.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. BMO Capital Markets set a $35.00 target price on Range Resources Corporation and gave the company a “buy” rating in a research report on Monday, June 26th. Barclays PLC reaffirmed a “sell” rating and set a $26.00 price target (down from $29.00) on shares of Range Resources Corporation in a research note on Thursday, April 20th. Finally, KLR Group increased their price target on Range Resources Corporation from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $42.14.

In related news, COO Ray N. Walker, Jr. sold 7,200 shares of Range Resources Corporation stock in a transaction on Friday, June 9th. The shares were sold at an average price of $23.17, for a total value of $166,824.00. Following the sale, the chief operating officer now owns 63,861 shares of the company’s stock, valued at approximately $1,479,659.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James M. Funk purchased 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was bought at an average cost of $22.96 per share, for a total transaction of $91,840.00. Following the purchase, the director now directly owns 11,303 shares in the company, valued at approximately $259,516.88. The disclosure for this purchase can be found here. Insiders sold a total of 36,521 shares of company stock worth $842,742 in the last three months. 2.40% of the stock is owned by corporate insiders.

About Range Resources Corporation

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the exploration and production of natural gas, NGLs and oil in the United States. It is engaged in the exploration, development and acquisition of natural gas and crude oil properties located primarily in the Appalachian and North Louisiana regions of the United States.

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

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