Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Range Resources Corporation (NYSE:RRC) by 21.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,078 shares of the oil and gas exploration company’s stock after acquiring an additional 3,557 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Range Resources were worth $393,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of Range Resources by 26.4% in the second 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 period. Ameritas Investment Partners Inc. increased its stake in shares of Range Resources by 1.3% in the second 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 period. Capstone Investment Advisors Netherlands B.V. increased its position in 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 purchasing an additional 3,801 shares during the period. Stephens Inc. AR increased its position in 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 purchasing an additional 412 shares during the period. Finally, Westwood Holdings Group Inc. increased its position in Range Resources by 240.4% during the 2nd quarter. Westwood Holdings Group Inc. now owns 8,850 shares of the oil and gas exploration company’s stock valued at $205,000 after purchasing an additional 6,250 shares during the period. 95.72% of the stock is owned by hedge funds and other institutional investors.

Shares of Range Resources Corporation (NYSE:RRC) traded up $0.13 on Friday, hitting $16.08. The company had a trading volume of 6,491,457 shares, compared to its average volume of 5,774,069. Range Resources Corporation has a 12 month low of $15.91 and a 12 month high of $39.64. 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 $3,990.08, a PE ratio of 44.67 and a beta of 0.91.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, December 14th. Range Resources’s dividend payout ratio is currently -38.09%.

A number of analysts have weighed in on the stock. SunTrust Banks reissued a “hold” rating and set a $20.00 target price on shares of Range Resources in a research report on Friday. Jefferies Group reissued a “buy” rating and set a $25.00 target price on shares of Range Resources in a research report on Tuesday, October 10th. J P Morgan Chase & Co downgraded shares of Range Resources from an “overweight” rating to a “neutral” rating and set a $22.00 target price for the company. in a research report on Monday, October 23rd. Zacks Investment Research downgraded shares of Range Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, Piper Jaffray Companies decreased their target price on shares of Range Resources from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, September 18th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Range Resources has a consensus rating of “Buy” and an average target price of $31.27.

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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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