Ingalls & Snyder LLC trimmed its holdings in shares of Range Resources Corp. (NYSE:RRC) by 0.5% in the third quarter, HoldingsChannel reports. The firm owned 1,132,769 shares of the oil and gas exploration company’s stock after selling 6,084 shares during the period. Ingalls & Snyder LLC’s holdings in Range Resources were worth $4,327,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Range Resources by 11.5% during the 2nd quarter. Vanguard Group Inc. now owns 24,971,010 shares of the oil and gas exploration company’s stock worth $174,297,000 after purchasing an additional 2,574,615 shares in the last quarter. BlackRock Inc. increased its stake in shares of Range Resources by 1.7% during the 2nd quarter. BlackRock Inc. now owns 19,504,968 shares of the oil and gas exploration company’s stock worth $136,144,000 after purchasing an additional 324,328 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Range Resources by 21.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,922,151 shares of the oil and gas exploration company’s stock worth $41,317,000 after purchasing an additional 1,047,461 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Range Resources by 95.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,636,249 shares of the oil and gas exploration company’s stock worth $32,361,000 after acquiring an additional 2,264,638 shares during the period. Finally, Caymus Capital Partners L.P. grew its stake in Range Resources by 240.5% in the 2nd quarter. Caymus Capital Partners L.P. now owns 4,631,218 shares of the oil and gas exploration company’s stock worth $32,326,000 after acquiring an additional 3,271,218 shares during the period.

Shares of NYSE RRC traded up $0.20 during trading on Wednesday, hitting $3.70. 342,499 shares of the company traded hands, compared to its average volume of 15,631,245. Range Resources Corp. has a 1 year low of $3.26 and a 1 year high of $18.36. The company has a 50-day moving average price of $4.00 and a 200-day moving average price of $6.55. The firm has a market capitalization of $902.45 million, a P/E ratio of 3.28, a P/E/G ratio of 3.23 and a beta of 1.02. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 0.91.

Range Resources (NYSE:RRC) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas exploration company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Range Resources had a negative net margin of 45.91% and a positive return on equity of 4.66%. The company had revenue of $851.43 million during the quarter, compared to analysts’ expectations of $672.93 million. During the same period in the previous year, the company earned $0.20 EPS. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. Research analysts predict that Range Resources Corp. will post 0.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.08 annualized dividend and a dividend yield of 2.16%. Range Resources’s dividend payout ratio is presently 7.08%.

Several analysts have commented on RRC shares. Jefferies Financial Group cut shares of Range Resources from a “buy” rating to a “hold” rating and lowered their target price for the stock from $17.00 to $7.00 in a research note on Monday, July 15th. Citigroup lowered their target price on shares of Range Resources from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Monday, September 23rd. TD Securities lowered their target price on shares of Range Resources from $7.50 to $5.50 and set a “hold” rating for the company in a research note on Friday, July 26th. MKM Partners raised shares of Range Resources from a “neutral” rating to a “buy” rating and set a $6.00 target price for the company in a research note on Monday, August 19th. Finally, LADENBURG THALM/SH SH cut shares of Range Resources from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $11.00 to $5.00 in a research note on Monday, August 26th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $12.18.

In related news, VP David P. Poole sold 5,843 shares of Range Resources stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $5.69, for a total transaction of $33,246.67. Following the transaction, the vice president now owns 58,196 shares in the company, valued at approximately $331,135.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Margaret K. Dorman bought 20,500 shares of Range Resources stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average price of $3.40 per share, for a total transaction of $69,700.00. Following the acquisition, the director now directly owns 57,233 shares in the company, valued at approximately $194,592.20. The disclosure for this purchase can be found here. Insiders have bought a total of 42,938 shares of company stock valued at $176,159 over the last three months. Corporate insiders own 0.35% of the company’s stock.

Range Resources Company Profile

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases 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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