Sumitomo Mitsui Trust Holdings Inc. cut its holdings in shares of Range Resources Corporation (NYSE:RRC) by 1.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 711,485 shares of the oil and gas exploration company’s stock after selling 9,093 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.29% of Range Resources worth $13,924,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smithfield Trust Co. lifted its holdings in shares of Range Resources by 480.0% during 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 buying an additional 3,840 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Range Resources by 26.4% during 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 buying an additional 990 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Range Resources by 1.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock valued at $117,000 after buying an additional 64 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. lifted its holdings in shares of Range Resources by 166.2% during 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 buying an additional 3,801 shares during the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of Range Resources by 5.6% during the 2nd quarter. Stephens Inc. AR now owns 7,728 shares of the oil and gas exploration company’s stock valued at $179,000 after buying an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 95.72% of the company’s stock.

Shares of Range Resources Corporation (NYSE:RRC) traded up $0.28 during midday trading on Tuesday, reaching $17.65. The company’s stock had a trading volume of 4,931,500 shares, compared to its average volume of 5,855,663. The company has a current ratio of 0.50, a quick ratio of 0.47 and a debt-to-equity ratio of 0.72. The company has a market cap of $4,380.00, a P/E ratio of 48.25 and a beta of 0.91. Range Resources Corporation has a 52 week low of $15.99 and a 52 week high of $39.64.

Range Resources (NYSE:RRC) last issued its quarterly earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The company had revenue of $482.20 million for the quarter, compared to the consensus estimate of $543.16 million. Range Resources had a positive return on equity of 1.63% and a negative net margin of 2.23%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.06) EPS. sell-side analysts expect that Range Resources Corporation will post 0.48 earnings per share for the current year.

Several brokerages have recently issued reports on RRC. Robert W. Baird reduced their price target on Range Resources from $29.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, August 11th. Jefferies Group reiterated a “buy” rating and set a $25.00 price target on shares of Range Resources in a report on Tuesday, October 10th. J P Morgan Chase & Co lowered Range Resources from an “overweight” rating to a “neutral” rating and set a $22.00 price target for the company. in a report on Monday, October 23rd. Citigroup reduced their price target on Range Resources from $34.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, August 15th. Finally, Zacks Investment Research lowered Range Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 19th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $31.76.

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About Range Resources

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 (NYSE:RRC)

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