Bruni J V & Co. Co. boosted its stake in Range Resources Corporation (NYSE:RRC) by 68.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 501,840 shares of the oil and gas exploration company’s stock after buying an additional 204,500 shares during the period. Range Resources Corporation comprises 2.2% of Bruni J V & Co. Co.’s holdings, making the stock its 19th largest position. Bruni J V & Co. Co. owned approximately 0.21% of Range Resources Corporation worth $11,628,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Adams Natural Resources Fund Inc. boosted its position in shares of Range Resources Corporation by 121.4% in the first quarter. Adams Natural Resources Fund Inc. now owns 322,100 shares of the oil and gas exploration company’s stock valued at $9,373,000 after buying an additional 176,600 shares during the period. Garrison Bradford & Associates Inc. boosted its position in shares of Range Resources Corporation by 7.6% in the first quarter. Garrison Bradford & Associates Inc. now owns 29,000 shares of the oil and gas exploration company’s stock valued at $844,000 after buying an additional 2,050 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Range Resources Corporation by 16.2% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 16,210 shares of the oil and gas exploration company’s stock valued at $471,000 after buying an additional 2,259 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Range Resources Corporation during the first quarter valued at about $515,000. Finally, Financial Architects Inc boosted its position in shares of Range Resources Corporation by 28.9% in the first quarter. Financial Architects Inc now owns 4,900 shares of the oil and gas exploration company’s stock valued at $143,000 after buying an additional 1,100 shares during the period. 95.13% of the stock is owned by institutional investors and hedge funds.

Shares of Range Resources Corporation (NYSE RRC) opened at 18.17 on Friday. The company’s 50-day moving average is $19.66 and its 200-day moving average is $24.78. The stock has a market cap of $4.43 billion, a P/E ratio of 122.77 and a beta of 0.92. Range Resources Corporation has a 1-year low of $16.50 and a 1-year high of $43.60.

Range Resources Corporation (NYSE:RRC) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.20. The business had revenue of $565 million for the quarter, compared to analyst estimates of $544.08 million. Range Resources Corporation had a return on equity of 0.67% and a net margin of 1.75%. The business’s revenue for the quarter was up 55.8% compared to the same quarter last year. During the same quarter last year, the company earned ($1.35) earnings per share. Equities analysts expect that Range Resources Corporation will post $0.51 EPS for the current fiscal year.

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A number of analysts have recently commented on RRC shares. Jefferies Group LLC reiterated a “buy” rating and issued a $41.00 price target on shares of Range Resources Corporation in a research note on Monday, May 1st. ValuEngine upgraded shares of Range Resources Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. BidaskClub upgraded shares of Range Resources Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Scotiabank set a $35.00 price target on shares of Range Resources Corporation and gave the stock a “buy” rating in a research note on Saturday, July 1st. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Range Resources Corporation from a “conviction-buy” rating to a “buy” rating and set a $42.50 price target for the company. in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Range Resources Corporation presently has a consensus rating of “Buy” and a consensus target price of $39.77.

In other Range Resources Corporation news, insider Chad L. Stephens sold 28,744 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $23.05, for a total value of $662,549.20. Following the sale, the insider now directly owns 106,692 shares of the company’s stock, valued at approximately $2,459,250.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steffen E. Palko purchased 15,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was acquired at an average cost of $16.81 per share, for a total transaction of $252,150.00. Following the completion of the purchase, the director now owns 27,267 shares in the company, valued at approximately $458,358.27. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 30,000 shares of company stock worth $541,640 and have sold 36,521 shares worth $842,742. 2.40% of the stock is owned by company 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.

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

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