State Treasurer State of Michigan grew its position in shares of Range Resources Corporation (NYSE:RRC) by 10.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,507 shares of the oil and gas exploration company’s stock after acquiring an additional 6,700 shares during the quarter. State Treasurer State of Michigan’s holdings in Range Resources Corporation were worth $1,341,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Range Resources Corporation by 4.4% during the second quarter. Vanguard Group Inc. now owns 23,202,503 shares of the oil and gas exploration company’s stock worth $537,603,000 after acquiring an additional 976,293 shares during the last quarter. Sanders Capital LLC increased its stake in Range Resources Corporation by 4.5% during the third quarter. Sanders Capital LLC now owns 15,485,365 shares of the oil and gas exploration company’s stock worth $332,679,000 after acquiring an additional 673,214 shares during the last quarter. BlackRock Inc. increased its stake in Range Resources Corporation by 6.8% during the second quarter. BlackRock Inc. now owns 14,024,098 shares of the oil and gas exploration company’s stock worth $324,936,000 after acquiring an additional 890,348 shares during the last quarter. State Street Corp increased its stake in Range Resources Corporation by 15.0% during the second quarter. State Street Corp now owns 13,856,976 shares of the oil and gas exploration company’s stock worth $321,059,000 after acquiring an additional 1,805,404 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in Range Resources Corporation by 25.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 4,339,311 shares of the oil and gas exploration company’s stock worth $100,542,000 after acquiring an additional 880,928 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Several equities research analysts have commented on RRC shares. Goldman Sachs Group, Inc. (The) lowered Range Resources Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $20.50 in a research note on Friday, September 8th. Citigroup Inc. lowered their target price 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. Jefferies Group LLC set a $36.00 target price on Range Resources Corporation and gave the company a “buy” rating in a research note on Tuesday, August 29th. Zacks Investment Research upgraded 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. Finally, BMO Capital Markets lowered their target price on Range Resources Corporation from $35.00 to $30.00 and set a “market perform” rating for the company in a research note on Friday, July 14th. Three 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 company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $31.89.

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Shares of Range Resources Corporation (NYSE RRC) opened at $19.18 on Tuesday. Range Resources Corporation has a 1 year low of $15.99 and a 1 year high of $39.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.47. The company has a market capitalization of $4,498.77, a P/E ratio of 50.36 and a beta of 0.91.

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

In other news, Director Steffen E. Palko purchased 15,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were bought at an average cost of $16.81 per share, for a total transaction of $252,150.00. Following the transaction, the director now owns 27,267 shares in the company, valued at $458,358.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is owned by company insiders.

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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