Exxonmobil Investment Management Inc. TX trimmed its holdings in Range Resources Corporation (NYSE:RRC) by 12.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,903 shares of the oil and gas exploration company’s stock after selling 5,331 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Range Resources were worth $613,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Ameritas Investment Partners Inc. lifted its stake in Range Resources by 1.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock worth $117,000 after purchasing an additional 64 shares in the last quarter. M&T Bank Corp lifted its stake in Range Resources by 1.3% in the 2nd quarter. M&T Bank Corp now owns 27,472 shares of the oil and gas exploration company’s stock worth $639,000 after purchasing an additional 360 shares in the last quarter. Stephens Inc. AR lifted its stake in Range Resources by 5.6% in the 2nd quarter. Stephens Inc. AR now owns 7,728 shares of the oil and gas exploration company’s stock worth $179,000 after purchasing an additional 412 shares in the last quarter. Castleark Management LLC lifted its stake in Range Resources by 0.8% in the 2nd quarter. Castleark Management LLC now owns 101,020 shares of the oil and gas exploration company’s stock worth $2,341,000 after purchasing an additional 780 shares in the last quarter. Finally, Norinchukin Bank The lifted its stake in Range Resources by 6.8% in the 2nd quarter. Norinchukin Bank The now owns 13,058 shares of the oil and gas exploration company’s stock worth $303,000 after purchasing an additional 834 shares in the last quarter.

A number of research firms have weighed in on RRC. Cowen reissued a “buy” rating and issued a $25.00 target price on shares of Range Resources in a research note on Thursday. Scotiabank reissued a “buy” rating and issued a $30.00 target price on shares of Range Resources in a research note on Monday, October 9th. Stifel Nicolaus set a $21.00 target price on shares of Range Resources and gave the stock a “buy” rating in a research note on Thursday, October 5th. Vetr raised shares of Range Resources from a “buy” rating to a “strong-buy” rating and set a $22.02 price target on the stock in a research report on Monday, October 2nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Range Resources in a research report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $29.61.

Shares of Range Resources Corporation (NYSE:RRC) opened at $16.47 on Friday. Range Resources Corporation has a 1-year low of $15.33 and a 1-year high of $36.40. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.47. The firm has a market cap of $4,090.00, a P/E ratio of -78.43 and a beta of 0.91.

Range Resources (NYSE:RRC) last posted its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Range Resources had a negative net margin of 2.23% and a positive return on equity of 1.63%. The firm had revenue of $482.20 million during the quarter, compared to the consensus estimate of $543.16 million. During the same quarter last year, the firm earned ($0.06) EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. equities analysts expect that Range Resources Corporation will post 0.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.02 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.08 annualized dividend and a yield of 0.49%. Range Resources’s dividend payout ratio (DPR) is presently -38.10%.

In related news, VP David P. Poole sold 30,920 shares of Range Resources stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $16.36, for a total value of $505,851.20. Following the completion of the sale, the vice president now owns 17,647 shares in the company, valued at approximately $288,704.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Roger S. Manny sold 10,757 shares of Range Resources stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $16.42, for a total transaction of $176,629.94. Following the completion of the sale, the chief financial officer now owns 143,703 shares of the company’s stock, valued at approximately $2,359,603.26. The disclosure for this sale can be found here. Insiders sold a total of 44,574 shares of company stock valued at $729,007 in the last quarter. 2.40% of the stock is owned by insiders.

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Range Resources 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 (NYSE:RRC)

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