Energy Opportunities Capital Management LLC cut its stake in Range Resources Corporation (NYSE:RRC) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,312 shares of the oil and gas exploration company’s stock after selling 1,243 shares during the quarter. Range Resources Corporation accounts for 1.3% of Energy Opportunities Capital Management LLC’s holdings, making the stock its 26th biggest position. Energy Opportunities Capital Management LLC’s holdings in Range Resources Corporation were worth $2,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Smithfield Trust Co. increased its stake in shares of Range Resources Corporation by 480.0% in the 2nd quarter. Smithfield Trust Co. now owns 4,640 shares of the oil and gas exploration company’s stock valued at $107,000 after acquiring an additional 3,840 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of Range Resources Corporation by 26.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,746 shares of the oil and gas exploration company’s stock valued at $110,000 after acquiring an additional 990 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Range Resources Corporation by 886.4% in the 1st quarter. Ameritas Investment Partners Inc. now owns 5,001 shares of the oil and gas exploration company’s stock valued at $145,000 after acquiring an additional 4,494 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. increased its stake in shares of Range Resources Corporation by 166.2% in the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 6,088 shares of the oil and gas exploration company’s stock valued at $141,000 after acquiring an additional 3,801 shares during the last quarter. Finally, Financial Architects Inc increased its stake in shares of Range Resources Corporation by 24.5% in the 2nd quarter. Financial Architects Inc now owns 6,100 shares of the oil and gas exploration company’s stock valued at $141,000 after acquiring an additional 1,200 shares during the last quarter. 95.61% of the stock is owned by institutional investors.

Shares of Range Resources Corporation (NYSE:RRC) traded up 0.51% during midday trading on Friday, hitting $19.90. The stock had a trading volume of 1,403,292 shares. The company’s 50 day moving average is $18.85 and its 200 day moving average is $22.35. The firm has a market cap of $4.86 billion, a P/E ratio of 134.46 and a beta of 0.95. Range Resources Corporation has a 52 week low of $16.00 and a 52 week high of $39.64.

Range Resources Corporation (NYSE:RRC) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $565.00 million for the quarter, compared to analysts’ expectations of $544.08 million. During the same quarter in the previous year, the firm earned ($1.35) earnings per share. The business’s revenue was up 55.8% on a year-over-year basis. On average, equities analysts predict that Range Resources Corporation will post $0.50 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.02 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.08 annualized dividend and a yield of 0.40%. Range Resources Corporation’s dividend payout ratio is currently 100.01%.

In other Range Resources Corporation news, Director Mary Ralph Lowe acquired 10,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were acquired 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 in the company, valued at $457,179.87. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steffen E. Palko acquired 15,000 shares of the business’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 transaction, the director now owns 27,267 shares of the company’s stock, valued at approximately $458,358.27. The disclosure for this purchase can be found here. In the last three months, insiders acquired 26,000 shares of company stock worth $449,800. Insiders own 2.40% of the company’s stock.

A number of analysts have recently commented on the company. Robert W. Baird lowered their price target on Range Resources Corporation from $29.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, August 11th. Stifel Nicolaus set a $21.00 price target on Range Resources Corporation and gave the company a “buy” rating in a research note on Thursday, October 5th. 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. Zacks Investment Research cut Range Resources Corporation from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Barclays PLC reiterated an “underweight” rating and issued a $18.00 price objective (down from $20.00) on shares of Range Resources Corporation in a research report on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, three have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $33.89.

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Range Resources Corporation 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.

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

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