Oarsman Capital Inc. raised its position in Range Resources Corporation (NYSE:RRC) by 49.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 129,690 shares of the oil and gas exploration company’s stock after purchasing an additional 42,955 shares during the period. Range Resources Corporation makes up about 1.4% of Oarsman Capital Inc.’s investment portfolio, making the stock its 23rd biggest holding. Oarsman Capital Inc. owned about 0.05% of Range Resources Corporation worth $3,005,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of RRC. Smithfield Trust Co. increased its stake in Range Resources Corporation by 480.0% in the second quarter. Smithfield Trust Co. now owns 4,640 shares of the oil and gas exploration company’s stock valued at $107,000 after purchasing an additional 3,840 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased 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 purchasing an additional 257 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased 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 purchasing an additional 31 shares in the last quarter. Financial Architects Inc increased its stake in Range Resources Corporation by 24.5% in the second quarter. Financial Architects Inc now owns 6,100 shares of the oil and gas exploration company’s stock valued at $141,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in Range Resources Corporation by 886.4% in the first quarter. Ameritas Investment Partners Inc. now owns 5,001 shares of the oil and gas exploration company’s stock valued at $145,000 after purchasing an additional 4,494 shares in the last quarter. 95.34% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have commented on RRC shares. Cowen and Company reaffirmed a “buy” rating and issued a $35.00 target price on shares of Range Resources Corporation in a research note on Tuesday, August 22nd. Zacks Investment Research raised shares of Range Resources Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Monday, July 17th. Barclays PLC lowered their target price on shares of Range Resources Corporation from $20.00 to $18.00 and set an “underweight” rating for the company in a research note on Thursday, August 3rd. KeyCorp reaffirmed a “hold” rating on shares of Range Resources Corporation in a research note on Wednesday, September 6th. Finally, Citigroup Inc. lowered their target price on shares of Range Resources Corporation from $42.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Three analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $38.33.

In other news, Director James M. Funk bought 4,000 shares of Range Resources Corporation stock in a transaction dated 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 purchase, the director now directly owns 11,303 shares in the company, valued at approximately $259,516.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steffen E. Palko bought 15,000 shares of Range Resources Corporation stock in a transaction dated Thursday, August 10th. The stock was purchased at an average price of $16.81 per share, with a total value of $252,150.00. Following the purchase, the director now owns 27,267 shares in the company, valued at $458,358.27. The disclosure for this purchase can be found here. In the last quarter, insiders bought 30,000 shares of company stock valued at $541,640. Company insiders own 0.42% of the company’s stock.

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Shares of Range Resources Corporation (RRC) traded up 2.141% during mid-day trading on Monday, reaching $16.935. 3,634,365 shares of the company’s stock were exchanged. The company has a market cap of $4.13 billion, a PE ratio of 114.426 and a beta of 0.94. The company’s 50-day moving average price is $18.37 and its 200 day moving average price is $23.72. Range Resources Corporation has a 52-week low of $16.00 and a 52-week high of $43.60.

Range Resources Corporation (NYSE:RRC) last posted 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 Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $544.08 million. During the same quarter in the prior year, the business posted ($1.35) EPS. The business’s revenue was up 55.8% compared to the same quarter last year. On average, equities research analysts predict that Range Resources Corporation will post $0.51 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.48%. Range Resources Corporation’s payout ratio is 100.01%.

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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