Utah Retirement Systems held its stake in Range Resources Corporation (NYSE:RRC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,183 shares of the oil and gas exploration company’s stock at the end of the first quarter. Utah Retirement Systems’ holdings in Range Resources Corporation were worth $1,082,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of RRC. Retirement Systems of Alabama raised its stake 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. State of New Jersey Common Pension Fund D raised its stake 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. Bank of New York Mellon Corp raised its stake 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. Augustine Asset Management Inc. raised its stake in Range Resources Corporation by 1.8% in the first quarter. Augustine Asset Management Inc. now owns 105,675 shares of the oil and gas exploration company’s stock worth $3,075,000 after buying an additional 1,900 shares during the period. Finally, Stephens Investment Management Group LLC raised its stake in Range Resources Corporation by 13.3% in the first quarter. Stephens Investment Management Group LLC now owns 334,267 shares of the oil and gas exploration company’s stock worth $9,727,000 after buying an additional 39,225 shares during the period. 92.85% of the stock is currently owned by institutional investors.

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

Shares of Range Resources Corporation (NYSE RRC) traded up 1.21% during midday trading on Friday, reaching $23.38. 6,216,232 shares of the company’s stock traded hands. Range Resources Corporation has a 1-year low of $21.84 and a 1-year high of $46.96. The firm’s 50-day moving average price is $24.39 and its 200 day moving average price is $29.71. The stock’s market capitalization is $5.69 billion.

Range Resources Corporation (NYSE:RRC) last announced its quarterly earnings data on Monday, April 24th. The oil and gas exploration company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $607 million for the quarter, compared to the consensus estimate of $585.45 million. During the same period in the prior year, the firm posted ($0.10) EPS. The company’s quarterly revenue was up 83.2% compared to the same quarter last year. On average, equities analysts predict that Range Resources Corporation will post $0.76 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Tuesday, June 13th. Range Resources Corporation’s dividend payout ratio is presently -5.16%.

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A number of analysts recently weighed in on RRC shares. Zacks Investment Research lowered shares of Range Resources Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 27th. KLR Group reissued a “buy” rating and issued a $60.00 price objective (up from $59.00) on shares of Range Resources Corporation in a research report on Friday, February 24th. Stifel Nicolaus reduced their price objective on shares of Range Resources Corporation from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, March 23rd. Barclays PLC reissued a “sell” rating and issued a $26.00 price objective (down from $29.00) on shares of Range Resources Corporation in a research report on Thursday, April 20th. Finally, Scotiabank reissued a “buy” rating and issued a $49.00 price objective on shares of Range Resources Corporation in a research report on Tuesday, February 21st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-one have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $45.01.

In other news, Director James M. Funk acquired 4,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were bought at an average cost of $22.96 per share, with a total value of $91,840.00. Following the transaction, the director now owns 11,303 shares in the company, valued at approximately $259,516.88. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Ray N. Walker, Jr. sold 7,200 shares of the stock in a transaction that occurred on 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 disclosure for this sale can be found here. Over the last three months, insiders sold 36,521 shares of company stock worth $842,742. Insiders own 2.40% of the company’s stock.

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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