Range Resources Corporation $RRC Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC cut its holdings in Range Resources Corporation (NYSE:RRC) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 150,330 shares of the oil and gas exploration company’s stock after selling 1,141 shares during the period. Lmcg Investments LLC’s holdings in Range Resources were worth $6,114,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in Range Resources by 4.7% in the 2nd quarter. GAMMA Investing LLC now owns 6,013 shares of the oil and gas exploration company’s stock valued at $245,000 after acquiring an additional 270 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Range Resources by 0.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 73,294 shares of the oil and gas exploration company’s stock valued at $2,981,000 after acquiring an additional 299 shares during the last quarter. Bessemer Group Inc. raised its holdings in Range Resources by 48.0% in the 1st quarter. Bessemer Group Inc. now owns 971 shares of the oil and gas exploration company’s stock valued at $39,000 after acquiring an additional 315 shares during the last quarter. Xponance Inc. raised its holdings in Range Resources by 1.2% in the 1st quarter. Xponance Inc. now owns 27,512 shares of the oil and gas exploration company’s stock valued at $1,099,000 after acquiring an additional 326 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Range Resources by 0.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,014 shares of the oil and gas exploration company’s stock valued at $2,636,000 after buying an additional 328 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Range Resources Stock Down 5.7%

Shares of Range Resources stock opened at $36.37 on Friday. The company has a fifty day moving average price of $35.41 and a 200 day moving average price of $36.86. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.29. Range Resources Corporation has a twelve month low of $28.99 and a twelve month high of $43.50. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 0.34 and a beta of 0.51.

Range Resources (NYSE:RRC) last announced its quarterly earnings results on Tuesday, July 22nd. The oil and gas exploration company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. Range Resources had a net margin of 17.22% and a return on equity of 15.95%. The firm had revenue of $856.28 million during the quarter, compared to analysts’ expectations of $708.38 million. During the same period in the prior year, the company earned $0.46 EPS. Equities research analysts forecast that Range Resources Corporation will post 2.02 earnings per share for the current fiscal year.

Range Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, September 12th. Range Resources’s dividend payout ratio is presently 18.09%.

Analyst Ratings Changes

Several analysts have recently issued reports on RRC shares. UBS Group lowered their price objective on shares of Range Resources from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, August 20th. Susquehanna boosted their price objective on shares of Range Resources from $36.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Range Resources in a research note on Wednesday. Mizuho boosted their price objective on shares of Range Resources from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Barclays boosted their price objective on shares of Range Resources from $39.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, July 7th. Eight analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $42.00.

Range Resources Company Profile

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), crude oil, and condensate company in the United States. The company engages in the exploration, development, and acquisition of natural gas and crude oil properties located in the Appalachian region. It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.