Comerica Bank grew its holdings in Range Resources Corp. (NYSE:RRC) by 119.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 200,027 shares of the oil and gas exploration company’s stock after buying an additional 108,759 shares during the quarter. Comerica Bank owned 0.08% of Range Resources worth $3,260,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. NJ State Employees Deferred Compensation Plan boosted its stake in shares of Range Resources by 75.0% in the first quarter. NJ State Employees Deferred Compensation Plan now owns 70,000 shares of the oil and gas exploration company’s stock worth $1,018,000 after acquiring an additional 30,000 shares during the period. Rhumbline Advisers boosted its stake in shares of Range Resources by 1.8% in the first quarter. Rhumbline Advisers now owns 390,151 shares of the oil and gas exploration company’s stock worth $5,673,000 after acquiring an additional 6,950 shares during the period. Contrarius Investment Management Ltd boosted its stake in shares of Range Resources by 38.0% in the first quarter. Contrarius Investment Management Ltd now owns 152,051 shares of the oil and gas exploration company’s stock worth $2,211,000 after acquiring an additional 41,846 shares during the period. S&CO Inc. boosted its stake in shares of Range Resources by 3.0% in the first quarter. S&CO Inc. now owns 304,097 shares of the oil and gas exploration company’s stock worth $4,422,000 after acquiring an additional 8,718 shares during the period. Finally, American Assets Investment Management LLC bought a new position in shares of Range Resources in the first quarter worth about $436,000. Institutional investors own 96.48% of the company’s stock.

In other Range Resources news, insider Jeffrey L. Ventura sold 8,767 shares of the company’s stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $17.54, for a total transaction of $153,773.18. Following the sale, the insider now directly owns 390,432 shares in the company, valued at $6,848,177.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David P. Poole sold 3,829 shares of the company’s stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $17.54, for a total value of $67,160.66. Following the sale, the vice president now owns 37,484 shares in the company, valued at $657,469.36. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Shares of Range Resources stock opened at $14.86 on Monday. Range Resources Corp. has a 12 month low of $11.93 and a 12 month high of $20.65. The company has a market cap of $3.92 billion, a P/E ratio of 25.62, a PEG ratio of 1.36 and a beta of 0.57. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.52 and a quick ratio of 0.49.

Range Resources (NYSE:RRC) last issued its quarterly earnings data on Monday, July 30th. The oil and gas exploration company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. Range Resources had a return on equity of 4.00% and a net margin of 2.46%. The business had revenue of $745.00 million for the quarter, compared to the consensus estimate of $671.50 million. During the same period in the prior year, the business posted $0.06 earnings per share. The company’s quarterly revenue was up 31.9% compared to the same quarter last year. research analysts predict that Range Resources Corp. will post 0.91 earnings per share for the current year.

A number of equities analysts have recently weighed in on RRC shares. TD Securities started coverage on Range Resources in a research note on Thursday, July 5th. They issued a “hold” rating and a $18.00 price objective for the company. ValuEngine lowered Range Resources from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Morgan Stanley dropped their price objective on Range Resources from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday. Stifel Nicolaus started coverage on Range Resources in a research note on Wednesday, May 23rd. They issued a “buy” rating and a $21.50 price objective for the company. Finally, Seaport Global Securities lowered Range Resources from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 24th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $22.15.

Range Resources Company Profile

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases 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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