Norinchukin Bank The increased its position in shares of Range Resources Corporation (NYSE:RRC) by 6.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,058 shares of the oil and gas exploration company’s stock after purchasing an additional 834 shares during the quarter. Norinchukin Bank The’s holdings in Range Resources Corporation were worth $303,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State of Wisconsin Investment Board raised its position in Range Resources Corporation by 18.7% during the second quarter. State of Wisconsin Investment Board now owns 210,607 shares of the oil and gas exploration company’s stock valued at $4,880,000 after acquiring an additional 33,130 shares in the last quarter. Matthew 25 Management Corp raised its position in Range Resources Corporation by 166.7% during the second quarter. Matthew 25 Management Corp now owns 80,000 shares of the oil and gas exploration company’s stock valued at $1,854,000 after acquiring an additional 50,000 shares in the last quarter. JPMorgan Chase & Co. raised its position in Range Resources Corporation by 7.7% during the second quarter. JPMorgan Chase & Co. now owns 2,726,118 shares of the oil and gas exploration company’s stock valued at $63,163,000 after acquiring an additional 194,141 shares in the last quarter. Rovida Advisors Inc. purchased a new position in Range Resources Corporation during the second quarter valued at approximately $4,634,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Range Resources Corporation during the first quarter valued at approximately $440,000. 95.51% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Mary Ralph Lowe purchased 10,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was bought at an average price of $17.99 per share, with a total value of $179,900.00. Following the completion of the transaction, the director now owns 25,413 shares of the company’s stock, valued at approximately $457,179.87. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steffen E. Palko purchased 15,000 shares of the company’s 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 transaction, the director now directly owns 27,267 shares of the company’s stock, valued at approximately $458,358.27. The disclosure for this purchase can be found here. Insiders have acquired 26,000 shares of company stock valued at $449,800 in the last three months. 2.40% of the stock is currently owned by company insiders.

Range Resources Corporation (NYSE RRC) opened at 18.80 on Friday. Range Resources Corporation has a 1-year low of $16.00 and a 1-year high of $40.20. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 127.03 and a beta of 0.94. The firm’s 50-day moving average price is $17.82 and its 200-day moving average price is $23.24.

Range Resources Corporation (NYSE:RRC) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share for the quarter, beating 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 $565.00 million during the quarter, compared to the consensus estimate of $544.08 million. During the same period last year, the business posted ($1.35) EPS. Range Resources Corporation’s quarterly revenue was up 55.8% on a year-over-year basis. On average, equities research analysts anticipate that Range Resources Corporation will post $0.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Thursday, September 14th. Range Resources Corporation’s payout ratio is 100.01%.

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RRC has been the subject of several recent research reports. BidaskClub upgraded Range Resources Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Royal Bank Of Canada set a $44.00 price target on Range Resources Corporation and gave the company a “buy” rating in a research report on Saturday, June 3rd. Cowen and Company reiterated a “buy” rating and set a $35.00 price target on shares of Range Resources Corporation in a research report on Tuesday, August 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $20.00 price target on shares of Range Resources Corporation in a research report on Thursday, September 14th. Finally, Barclays PLC reduced their price target on Range Resources Corporation from $20.00 to $18.00 and set an “underweight” rating for the company in a research report on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $36.22.

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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