Barrow Hanley Mewhinney & Strauss LLC lessened its stake in shares of Range Resources Corporation (NYSE:RRC) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,395,347 shares of the oil and gas exploration company’s stock after selling 51,430 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 0.56% of Range Resources worth $27,307,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Range Resources by 26.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,746 shares of the oil and gas exploration company’s stock worth $110,000 after purchasing an additional 990 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Range Resources by 1.3% during the second 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 during the last quarter. Capstone Investment Advisors Netherlands B.V. boosted its holdings in shares of Range Resources by 166.2% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 6,088 shares of the oil and gas exploration company’s stock worth $141,000 after purchasing an additional 3,801 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of Range Resources by 5.6% during the second 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 during the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of Range Resources by 240.4% during the second quarter. Westwood Holdings Group Inc. now owns 8,850 shares of the oil and gas exploration company’s stock worth $205,000 after purchasing an additional 6,250 shares during the last quarter. Hedge funds and other institutional investors own 95.72% of the company’s stock.

In other Range Resources news, VP David P. Poole sold 30,920 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $16.36, for a total value of $505,851.20. Following the transaction, the vice president now directly owns 17,647 shares of the company’s stock, valued at $288,704.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony V. Dub sold 2,897 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $16.06, for a total value of $46,525.82. Following the completion of the transaction, the director now directly owns 96,000 shares in the company, valued at $1,541,760. The disclosure for this sale can be found here. Insiders sold 44,574 shares of company stock worth $729,007 over the last three months. 2.40% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently issued reports on RRC shares. Goldman Sachs Group cut Range Resources from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $35.00 to $20.50 in a report on Friday, September 8th. Jefferies Group set a $36.00 price objective on Range Resources and gave the stock a “buy” rating in a report on Tuesday, August 29th. Zacks Investment Research upgraded Range Resources from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Friday, October 20th. Morgan Stanley decreased their price objective on Range Resources from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, October 26th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $32.00 target price on shares of Range Resources in a report on Friday, September 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $30.23.

Range Resources Corporation (RRC) opened at $15.63 on Friday. 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 has a 52-week low of $15.33 and a 52-week high of $36.40. The company has a market capitalization of $3,880.00, a PE ratio of 43.44 and a beta of 0.91.

Range Resources (NYSE:RRC) last released its quarterly earnings data on Tuesday, October 24th. The oil and gas exploration company reported $0.05 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $543.16 million. During the same period last year, the company posted ($0.06) earnings per share. The firm’s revenue was up 16.7% compared to the same quarter last year. equities research analysts anticipate that Range Resources Corporation will post 0.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.51%. The ex-dividend date is Thursday, December 14th. Range Resources’s dividend payout ratio (DPR) is presently -38.10%.

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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.

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

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