Stevens Capital Management LP increased its stake in Range Resources Corporation (NYSE:RRC) by 1,523.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 220,485 shares of the oil and gas exploration company’s stock after buying an additional 206,901 shares during the period. Stevens Capital Management LP owned 0.09% of Range Resources Corporation worth $5,109,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. BT Investment Management Ltd purchased a new stake in shares of Range Resources Corporation in the 2nd quarter worth approximately $328,000. Amalgamated Bank grew its stake in shares of Range Resources Corporation by 256.6% in the 2nd quarter. Amalgamated Bank now owns 44,246 shares of the oil and gas exploration company’s stock worth $1,025,000 after buying an additional 31,837 shares during the last quarter. BlackRock Inc. grew its stake in shares of Range Resources Corporation by 6.8% in the 2nd quarter. BlackRock Inc. now owns 14,024,098 shares of the oil and gas exploration company’s stock worth $324,936,000 after buying an additional 890,348 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its stake in shares of Range Resources Corporation by 170.9% in the 2nd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 23,815 shares of the oil and gas exploration company’s stock worth $552,000 after buying an additional 15,025 shares during the last quarter. Finally, Nationwide Fund Advisors grew its stake in shares of Range Resources Corporation by 6.7% in the 2nd quarter. Nationwide Fund Advisors now owns 325,341 shares of the oil and gas exploration company’s stock worth $7,538,000 after buying an additional 20,464 shares during the last quarter. Institutional investors own 95.51% of the company’s stock.

Several analysts have commented on RRC shares. Royal Bank Of Canada set a $44.00 target price on Range Resources Corporation and gave the company a “buy” rating in a research note on Saturday, June 3rd. Scotiabank set a $35.00 target price on Range Resources Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. Robert W. Baird cut their target price on Range Resources Corporation from $29.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, August 11th. BidaskClub upgraded Range Resources Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, ValuEngine downgraded Range Resources Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $38.33.

In other Range Resources Corporation news, Director Steffen E. Palko purchased 15,000 shares of the stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $16.81 per share, with a total value of $252,150.00. Following the completion of the acquisition, the director now owns 27,267 shares in the company, valued at $458,358.27. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary Ralph Lowe purchased 10,000 shares of the stock in a transaction on Friday, August 4th. The stock was acquired at an average cost of $17.99 per share, for a total transaction of $179,900.00. Following the completion of the acquisition, the director now owns 25,413 shares of the company’s stock, valued at approximately $457,179.87. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 26,000 shares of company stock worth $449,800. 0.42% of the stock is owned by corporate insiders.

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Range Resources Corporation (NYSE:RRC) opened at 18.54 on Monday. The company has a 50-day moving average price of $17.96 and a 200-day moving average price of $23.43. Range Resources Corporation has a one year low of $15.99 and a one year high of $40.20. The company has a market capitalization of $4.52 billion, a PE ratio of 125.27 and a beta of 0.94.

Range Resources Corporation (NYSE:RRC) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 EPS for the quarter, beating the 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 company had revenue of $565.00 million for the quarter, compared to analyst estimates of $544.08 million. During the same period in the prior year, the company earned ($1.35) earnings per share. The firm’s revenue was up 55.8% on a year-over-year basis. Analysts expect that Range Resources Corporation will post $0.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.43%. The ex-dividend date is Thursday, September 14th. 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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