Tortoise Capital Advisors L.L.C. raised its stake in shares of Range Resources Corporation (NYSE:RRC) by 32.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 368,941 shares of the oil and gas exploration company’s stock after buying an additional 90,510 shares during the period. Tortoise Capital Advisors L.L.C. owned 0.15% of Range Resources Corporation worth $8,548,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in Range Resources Corporation by 0.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,109 shares of the oil and gas exploration company’s stock valued at $119,000 after buying an additional 31 shares during the period. Louisiana State Employees Retirement System raised its stake in Range Resources Corporation by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the oil and gas exploration company’s stock valued at $271,000 after buying an additional 100 shares during the period. Capstone Asset Management Co. raised its stake in Range Resources Corporation by 1.1% in the first quarter. Capstone Asset Management Co. now owns 12,374 shares of the oil and gas exploration company’s stock valued at $360,000 after buying an additional 140 shares during the period. Advantus Capital Management Inc raised its stake in Range Resources Corporation by 1.0% in the first quarter. Advantus Capital Management Inc now owns 18,832 shares of the oil and gas exploration company’s stock valued at $548,000 after buying an additional 185 shares during the period. Finally, Bronfman E.L. Rothschild L.P. raised its stake in Range Resources Corporation by 7.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,756 shares of the oil and gas exploration company’s stock valued at $109,000 after buying an additional 257 shares during the period. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of Range Resources Corporation (RRC) opened at 17.35 on Tuesday. 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 12-month low of $17.22 and a 12-month high of $43.60. The company has a market cap of $4.23 billion, a P/E ratio of 117.23 and a beta of 0.92.

Range Resources Corporation (NYSE:RRC) last announced its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.20. Range Resources Corporation had a return on equity of 0.67% and a net margin of 1.75%. The firm had revenue of $565 million during the quarter, compared to analyst estimates of $544.08 million. During the same quarter in the prior year, the company earned ($1.35) EPS. The business’s revenue was up 55.8% compared to the same quarter last year. On average, analysts forecast that Range Resources Corporation will post $0.56 EPS for the current year.

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A number of analysts have recently commented on the company. ValuEngine raised Range Resources Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Royal Bank Of Canada set a $44.00 price target on Range Resources Corporation and gave the company a “buy” rating in a research note on Saturday, June 3rd. Scotiabank set a $35.00 price target on Range Resources Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. Jefferies Group LLC reissued a “buy” rating and set a $41.00 price target on shares of Range Resources Corporation in a research note on Monday, May 1st. Finally, Barclays PLC reissued a “sell” rating and set a $28.00 price target on shares of Range Resources Corporation in a research note on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Range Resources Corporation presently has a consensus rating of “Buy” and a consensus price target of $42.14.

In other news, Director Mary Ralph Lowe bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was purchased at an average price of $17.99 per share, with a total value of $179,900.00. Following the transaction, the director now owns 25,413 shares of the company’s stock, valued at $457,179.87. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Chad L. Stephens sold 28,744 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $23.05, for a total value of $662,549.20. Following the completion of the transaction, the insider now directly 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 three months, insiders bought 15,000 shares of company stock valued at $289,490 and sold 36,521 shares valued at $842,742. 0.42% of the stock is currently 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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