Candriam Luxembourg S.C.A. increased its position in shares of Range Resources Corporation (NYSE:RRC) by 14.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,787 shares of the oil and gas exploration company’s stock after buying an additional 14,472 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Range Resources Corporation were worth $2,660,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bartlett & Co. LLC raised its stake in 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 last quarter. Bronfman E.L. Rothschild L.P. increased its position 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 valued at $109,000 after buying an additional 257 shares during the period. Northwestern Mutual Wealth Management Co. increased its position 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 valued at $119,000 after buying an additional 31 shares during the period. Financial Architects Inc increased its position 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 valued at $141,000 after buying an additional 1,200 shares during the period. Finally, Ameritas Investment Partners Inc. increased its position 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 valued at $145,000 after buying an additional 4,494 shares during the period. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Range Resources Corporation (RRC) opened at 16.83 on Thursday. Range Resources Corporation has a 52 week low of $16.67 and a 52 week high of $43.60. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 113.72 and a beta of 0.92. The firm has a 50 day moving average of $21.23 and a 200 day moving average 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, beating the consensus estimate of $0.08 by $0.20. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. The business had revenue of $565 million for the quarter, compared to analyst estimates of $544.08 million. During the same period in the previous year, the business earned ($1.35) EPS. The firm’s revenue was up 55.8% on a year-over-year basis. Equities analysts predict that Range Resources Corporation will post $0.55 earnings per share for the current fiscal year.

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Several brokerages have weighed in on RRC. Stifel Nicolaus reiterated a “buy” rating and issued a $20.00 price target on shares of Range Resources Corporation in a report on Thursday. Barclays PLC reiterated an “underweight” rating and issued a $18.00 price target (down from $20.00) on shares of Range Resources Corporation in a report on Wednesday. Zacks Investment Research upgraded Range Resources Corporation from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a report on Thursday, July 27th. BidaskClub downgraded Range Resources Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Citigroup Inc. cut their price target on Range Resources Corporation from $42.00 to $34.00 and set a “buy” rating for the company in a report on Friday, July 21st. Three 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 assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $40.92.

In other Range Resources Corporation news, COO Ray N. Walker, Jr. sold 7,200 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $23.17, for a total value of $166,824.00. Following the transaction, the chief operating officer now directly owns 63,861 shares in the company, valued at $1,479,659.37. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mary Ralph Lowe bought 10,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was bought at an average cost of $17.99 per share, with a total value of $179,900.00. Following the completion of the purchase, the director now owns 25,413 shares of the company’s stock, valued at approximately $457,179.87. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 15,000 shares of company stock worth $289,490 and sold 36,521 shares worth $842,742. 2.40% of the stock is owned by insiders.

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.

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

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