US Bancorp DE decreased its stake in shares of Range Resources Corporation (NYSE:RRC) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 36,118 shares of the oil and gas exploration company’s stock after selling 246 shares during the period. US Bancorp DE’s holdings in Range Resources Corporation were worth $836,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted 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 in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Range Resources Corporation by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the oil and gas exploration company’s stock valued at $271,000 after buying an additional 100 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of Range Resources Corporation by 1.1% in the first quarter. Capstone Asset Management Co. now owns 12,374 shares of the oil and gas exploration company’s stock valued at $360,000 after buying an additional 140 shares in the last quarter. Advantus Capital Management Inc boosted its position in shares of Range Resources Corporation by 1.0% in the first quarter. Advantus Capital Management Inc now owns 18,832 shares of the oil and gas exploration company’s stock valued at $548,000 after buying an additional 185 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted 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 in the last quarter. 93.84% of the stock is owned by institutional investors.

Range Resources Corporation (NYSE:RRC) traded down 0.65% during midday trading on Friday, reaching $16.81. 6,461,280 shares of the company were exchanged. Range Resources Corporation has a 52 week low of $16.50 and a 52 week high of $43.60. The firm has a market capitalization of $4.10 billion, a PE ratio of 113.58 and a beta of 0.92. The company has a 50-day moving average of $20.98 and a 200 day moving average of $25.91.

Range Resources Corporation (NYSE:RRC) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.28 EPS for the quarter, topping 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 company had revenue of $565 million during the quarter, compared to analyst estimates of $544.08 million. During the same period in the previous year, the firm earned ($1.35) earnings per share. Range Resources Corporation’s quarterly revenue was up 55.8% compared to the same quarter last year. Equities analysts predict that Range Resources Corporation will post $0.54 earnings per share for the current year.

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A number of equities analysts have commented on the stock. ValuEngine raised shares of Range Resources Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Royal Bank Of Canada set a $44.00 price target on shares of Range Resources Corporation and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Scotiabank set a $35.00 price target on shares of Range Resources Corporation and gave the stock a “buy” rating in a research note on Saturday, July 1st. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 price target on shares of Range Resources Corporation in a research note on Thursday. Finally, Robert W. Baird cut their price target on shares of Range Resources Corporation from $29.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.14.

In other Range Resources Corporation news, Director James M. Funk bought 4,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was acquired at an average cost of $22.96 per share, for a total transaction of $91,840.00. Following the completion of the transaction, the director now owns 11,303 shares in the company, valued at $259,516.88. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steffen E. Palko bought 15,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $16.81 per share, with a total value of $252,150.00. Following the completion of the transaction, the director now owns 27,267 shares of the company’s stock, valued at approximately $458,358.27. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 30,000 shares of company stock valued at $541,640 and have sold 36,521 shares valued at $842,742. 2.40% of the stock is currently owned by company 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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