Wellington Shields Capital Management LLC boosted its holdings in shares of Range Resources Corporation (NYSE:RRC) by 350.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,805 shares of the oil and gas exploration company’s stock after purchasing an additional 68,303 shares during the period. Wellington Shields Capital Management LLC’s holdings in Range Resources Corporation were worth $1,718,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Smithfield Trust Co. increased its holdings in Range Resources Corporation by 480.0% during the 2nd quarter. Smithfield Trust Co. now owns 4,640 shares of the oil and gas exploration company’s stock valued at $107,000 after purchasing an additional 3,840 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of Range Resources Corporation by 26.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,746 shares of the oil and gas exploration company’s stock valued at $110,000 after buying an additional 990 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Range Resources Corporation by 1.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock valued at $117,000 after buying an additional 64 shares during the period. Capstone Investment Advisors Netherlands B.V. increased its stake in shares of Range Resources Corporation by 166.2% in the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 6,088 shares of the oil and gas exploration company’s stock valued at $141,000 after buying an additional 3,801 shares during the period. Finally, Financial Architects Inc increased its stake in shares of Range Resources Corporation by 24.5% in the 2nd 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. 95.81% of the stock is owned by hedge funds and other institutional investors.

Shares of Range Resources Corporation (NYSE RRC) traded down $0.65 during mid-day trading on Tuesday, hitting $18.58. The company had a trading volume of 5,595,600 shares, compared to its average volume of 5,882,217. The company has a current ratio of 0.50, a quick ratio of 0.47 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $4,570.00, a PE ratio of 53.42 and a beta of 0.91. Range Resources Corporation has a fifty-two week low of $15.99 and a fifty-two week high of $39.64.

Range Resources Corporation (NYSE:RRC) last issued its quarterly earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $482.20 million during the quarter, compared to analysts’ expectations of $543.16 million. Range Resources Corporation had a positive return on equity of 1.63% and a negative net margin of 2.23%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) earnings per share. equities research analysts predict that Range Resources Corporation will post 0.47 earnings per share for the current fiscal year.

Several research firms have recently commented on RRC. Zacks Investment Research raised Range Resources Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Monday, July 17th. Citigroup Inc. decreased their price objective on Range Resources Corporation from $42.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Stifel Nicolaus set a $21.00 price objective on Range Resources Corporation and gave the stock a “buy” rating in a research note on Thursday, October 5th. BidaskClub cut Range Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Range Resources Corporation in a research note on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.89.

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Range Resources Corporation 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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