Wellington Shields & Co. LLC bought a new position in shares of Range Resources Corporation (NYSE:RRC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 79,500 shares of the oil and gas exploration company’s stock, valued at approximately $1,556,000.

Several other large investors have also added to or reduced their stakes in RRC. State Street Corp lifted its position in shares of Range Resources Corporation by 15.0% during the second quarter. State Street Corp now owns 13,856,976 shares of the oil and gas exploration company’s stock worth $321,059,000 after purchasing an additional 1,805,404 shares during the last quarter. UBS Oconnor LLC lifted its position in shares of Range Resources Corporation by 246.9% during the second quarter. UBS Oconnor LLC now owns 2,273,650 shares of the oil and gas exploration company’s stock worth $52,680,000 after purchasing an additional 1,618,250 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Range Resources Corporation by 1,318.0% during the second quarter. Canada Pension Plan Investment Board now owns 1,501,921 shares of the oil and gas exploration company’s stock worth $34,800,000 after purchasing an additional 1,395,999 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Range Resources Corporation by 4.4% during the second quarter. Vanguard Group Inc. now owns 23,202,503 shares of the oil and gas exploration company’s stock worth $537,603,000 after purchasing an additional 976,293 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Range Resources Corporation by 72.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,322,750 shares of the oil and gas exploration company’s stock worth $53,825,000 after purchasing an additional 973,814 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Several research firms have recently weighed in on RRC. KeyCorp reiterated a “hold” rating on shares of Range Resources Corporation in a research report on Monday. Morgan Stanley decreased their target price on Range Resources Corporation from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. J P Morgan Chase & Co downgraded Range Resources Corporation 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 upgraded Range Resources Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Friday, October 20th. Finally, Piper Jaffray Companies set a $35.00 target price on Range Resources Corporation and gave the stock a “buy” rating in a research report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $31.89.

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Shares of Range Resources Corporation (NYSE:RRC) traded down $0.65 during mid-day trading on Tuesday, hitting $18.58. The stock had a trading volume of 5,595,600 shares, compared to its average volume of 5,882,217. Range Resources Corporation has a 1-year low of $15.99 and a 1-year high of $39.64. The stock has a market capitalization of $4,570.00, a price-to-earnings ratio of 53.42 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.47.

Range Resources Corporation (NYSE:RRC) last issued its quarterly earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. Range Resources Corporation had a positive return on equity of 1.63% and a negative net margin of 2.23%. The business had revenue of $482.20 million for the quarter, compared to analyst estimates of $543.16 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. equities analysts expect that Range Resources Corporation will post 0.47 earnings per share for the current year.

Range Resources Corporation Company 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.

Institutional Ownership by Quarter for Range Resources Corporation (NYSE:RRC)

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