Bbva Compass Bancshares Inc. increased its position in Range Resources Corporation (NYSE:RRC) by 21.0% during the second quarter, Holdings Channel reports. The firm owned 11,135 shares of the oil and gas exploration company’s stock after buying an additional 1,931 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Range Resources Corporation were worth $258,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RRC. Bartlett & Co. LLC increased its stake in shares of Range Resources Corporation by 43.0% in the first quarter. Bartlett & Co. LLC now owns 3,475 shares of the oil and gas exploration company’s stock worth $101,000 after buying an additional 1,045 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of Range Resources Corporation by 7.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,756 shares of the oil and gas exploration company’s stock worth $109,000 after buying an additional 257 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Range Resources Corporation by 0.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,109 shares of the oil and gas exploration company’s stock worth $119,000 after buying an additional 31 shares during the period. Financial Architects Inc increased its stake in shares of Range Resources Corporation by 24.5% in the second quarter. Financial Architects Inc now owns 6,100 shares of the oil and gas exploration company’s stock worth $141,000 after buying an additional 1,200 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Range Resources Corporation by 886.4% in the first quarter. Ameritas Investment Partners Inc. now owns 5,001 shares of the oil and gas exploration company’s stock worth $145,000 after buying an additional 4,494 shares during the period. 93.84% of the stock is owned by institutional investors and hedge funds.

Range Resources Corporation (NYSE:RRC) opened at 16.83 on Thursday. The stock has a market cap of $4.11 billion, a PE ratio of 113.72 and a beta of 0.92. Range Resources Corporation has a 52 week low of $16.67 and a 52 week high of $43.60. The stock has a 50 day moving average price of $21.23 and a 200 day moving average price of $26.10.

Range Resources Corporation (NYSE:RRC) last issued its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.20. Range Resources Corporation had a return on equity of 0.67% and a net margin of 1.75%. The company had revenue of $565 million during the quarter, compared to the consensus estimate of $544.08 million. During the same quarter in the prior year, the business earned ($1.35) earnings per share. The company’s revenue was up 55.8% compared to the same quarter last year. On average, equities analysts predict that Range Resources Corporation will post $0.55 earnings per share for the current year.

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A number of analysts have issued reports on the company. Goldman Sachs Group, Inc. (The) downgraded Range Resources Corporation from a “conviction-buy” rating to a “buy” rating and set a $42.50 target price for the company. in a research note on Friday, June 2nd. Citigroup Inc. cut their target price on Range Resources Corporation from $42.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Zacks Investment Research raised Range Resources Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Monday, July 17th. BidaskClub downgraded Range Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $44.00 target price on shares of Range Resources Corporation in a research note on Friday, April 21st. Three research analysts have rated the stock with a sell rating, two have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Range Resources Corporation has an average rating of “Buy” and an average price target of $42.14.

In other news, insider Chad L. Stephens sold 28,744 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $23.05, for a total value of $662,549.20. Following the completion of the sale, the insider now owns 106,692 shares of the company’s stock, valued at $2,459,250.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James M. Funk bought 4,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was bought at an average cost of $22.96 per share, with a total value of $91,840.00. Following the transaction, the director now directly owns 11,303 shares of the company’s stock, valued at $259,516.88. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 15,000 shares of company stock valued at $289,490 and sold 36,521 shares valued at $842,742. 2.40% of the stock is owned by corporate insiders.

About Range Resources Corporation

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 Corporation (NYSE:RRC)

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