KCG Holdings Inc. decreased its stake in shares of Range Resources Corporation (NYSE:RRC) by 55.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,791 shares of the oil and gas exploration company’s stock after selling 20,037 shares during the period. KCG Holdings Inc.’s holdings in Range Resources Corporation were worth $460,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Range Resources Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 22,226,210 shares of the oil and gas exploration company’s stock valued at $646,783,000 after buying an additional 687,967 shares in the last quarter. BlackRock Inc. increased its stake in Range Resources Corporation by 2,153.9% in the first quarter. BlackRock Inc. now owns 13,133,750 shares of the oil and gas exploration company’s stock valued at $382,193,000 after buying an additional 12,551,039 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in Range Resources Corporation by 16.3% in the first quarter. TimesSquare Capital Management LLC now owns 2,991,596 shares of the oil and gas exploration company’s stock valued at $87,055,000 after buying an additional 419,818 shares in the last quarter. GMT Capital Corp increased its stake in Range Resources Corporation by 23.8% in the first quarter. GMT Capital Corp now owns 1,976,200 shares of the oil and gas exploration company’s stock valued at $57,507,000 after buying an additional 380,300 shares in the last quarter. Finally, Norges Bank bought a new stake in Range Resources Corporation during the fourth quarter valued at $64,678,000. 93.84% of the stock is owned by hedge funds and other institutional investors.

Shares of Range Resources Corporation (NYSE RRC) traded down 2.19% on Tuesday, hitting $16.97. 8,419,021 shares of the company’s stock were exchanged. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 114.66 and a beta of 0.92. Range Resources Corporation has a 12-month low of $16.89 and a 12-month high of $43.60. The company’s 50-day moving average price is $21.71 and its 200 day moving average price is $26.52.

Range Resources Corporation (NYSE:RRC) last issued its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.20. The business had revenue of $565 million for the quarter, compared to the consensus estimate of $544.08 million. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. The business’s quarterly revenue was up 55.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.35) earnings per share. On average, equities analysts predict that Range Resources Corporation will post $0.55 earnings per share for the current fiscal year.

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RRC has been the subject of several research analyst reports. BidaskClub raised shares of Range Resources Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Royal Bank Of Canada set a $44.00 price objective on shares of Range Resources Corporation and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Evercore ISI raised shares of Range Resources Corporation to a “buy” rating and set a $40.00 price objective for the company in a research note on Wednesday, April 19th. Piper Jaffray Companies reissued an “overweight” rating and issued a $49.00 price objective on shares of Range Resources Corporation in a research note on Thursday, April 27th. Finally, Wells Fargo & Company raised shares of Range Resources Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, April 27th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.14.

In related news, Director James M. Funk acquired 4,000 shares of Range Resources Corporation stock in a transaction that occurred on Wednesday, June 14th. The stock was purchased at an average price of $22.96 per share, for a total transaction of $91,840.00. Following the completion of the purchase, the director now directly owns 11,303 shares of the company’s stock, valued at $259,516.88. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Chad L. Stephens sold 28,744 shares of Range Resources Corporation stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $23.05, for a total transaction of $662,549.20. Following the transaction, the insider now owns 106,692 shares of the company’s stock, valued at approximately $2,459,250.60. The disclosure for this sale can be found here. In the last ninety days, insiders bought 15,000 shares of company stock worth $289,490 and sold 36,521 shares worth $842,742. 0.42% of the stock is owned by insiders.

Range Resources Corporation Company Profile

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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