Glenmede Trust Co. NA held its position in Range Resources Corporation (NYSE:RRC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,850 shares of the oil and gas exploration company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Range Resources Corporation were worth $166,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its position in Range Resources Corporation by 3.0% in the first quarter. Prudential Financial Inc. now owns 253,351 shares of the oil and gas exploration company’s stock worth $7,373,000 after buying an additional 7,300 shares during the period. Retirement Systems of Alabama boosted its position in Range Resources Corporation by 2.1% in the first quarter. Retirement Systems of Alabama now owns 90,931 shares of the oil and gas exploration company’s stock worth $2,646,000 after buying an additional 1,904 shares during the period. M&T Bank Corp boosted its position in Range Resources Corporation by 7.5% in the first quarter. M&T Bank Corp now owns 27,112 shares of the oil and gas exploration company’s stock worth $788,000 after buying an additional 1,889 shares during the period. Bank of New York Mellon Corp boosted its position in Range Resources Corporation by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 1,692,335 shares of the oil and gas exploration company’s stock worth $49,247,000 after buying an additional 32,922 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its position in Range Resources Corporation by 400.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 875,000 shares of the oil and gas exploration company’s stock worth $25,463,000 after buying an additional 700,000 shares during the period. Institutional investors own 92.19% of the company’s stock.

Range Resources Corporation (RRC) opened at 22.14 on Wednesday. The company’s market capitalization is $5.39 billion. The firm has a 50-day moving average of $22.53 and a 200-day moving average of $27.55. Range Resources Corporation has a 52 week low of $20.95 and a 52 week high of $43.60.

Range Resources Corporation (NYSE:RRC) last announced its quarterly earnings results on Monday, April 24th. The oil and gas exploration company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. Range Resources Corporation had a negative net margin of 16.67% and a negative return on equity of 1.41%. The business had revenue of $607 million during the quarter, compared to analysts’ expectations of $585.45 million. During the same period last year, the business earned ($0.10) earnings per share. The business’s revenue for the quarter was up 83.2% on a year-over-year basis. Analysts anticipate that Range Resources Corporation will post $0.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Tuesday, June 13th. Range Resources Corporation’s dividend payout ratio is presently -5.16%.

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Several brokerages have commented on RRC. Zacks Investment Research cut shares of Range Resources Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 27th. BMO Capital Markets set a $35.00 price target on shares of Range Resources Corporation and gave the stock a “buy” rating in a research note on Monday, June 26th. Stifel Nicolaus decreased their price target on shares of Range Resources Corporation from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, March 23rd. Barclays PLC reiterated a “sell” rating and issued a $26.00 price target (down previously from $29.00) on shares of Range Resources Corporation in a research note on Thursday, April 20th. Finally, KLR Group boosted their price target on shares of Range Resources Corporation from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-one have given a buy rating to the company. Range Resources Corporation has an average rating of “Buy” and an average price target of $43.06.

In other Range Resources Corporation news, COO Ray N. Walker, Jr. sold 7,200 shares of Range Resources Corporation stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $23.17, for a total transaction of $166,824.00. Following the completion of the sale, the chief operating officer now directly owns 63,861 shares in the company, valued at $1,479,659.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chad L. Stephens sold 28,744 shares of Range Resources Corporation stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $23.05, for a total transaction of $662,549.20. Following the sale, the insider now owns 106,692 shares of the company’s stock, valued at $2,459,250.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,521 shares of company stock valued at $842,742. Company insiders own 0.42% of the company’s stock.

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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