Vanguard Group Inc. boosted its position in shares of Range Resources Corporation (NYSE:RRC) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,202,503 shares of the oil and gas exploration company’s stock after purchasing an additional 976,293 shares during the period. Vanguard Group Inc. owned about 9.51% of Range Resources Corporation worth $537,603,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Smithfield Trust Co. raised its stake in shares of Range Resources Corporation by 480.0% in 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 during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of Range Resources Corporation by 26.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,746 shares of the oil and gas exploration company’s stock worth $110,000 after buying an additional 990 shares during the period. Financial Architects Inc boosted its position in shares of Range Resources Corporation by 24.5% during the second quarter. Financial Architects Inc now owns 6,100 shares of the oil and gas exploration company’s stock worth $141,000 after buying an additional 1,200 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Range Resources Corporation by 886.4% during the first quarter. Ameritas Investment Partners Inc. now owns 5,001 shares of the oil and gas exploration company’s stock worth $145,000 after buying an additional 4,494 shares during the period. Finally, Stephens Inc. AR boosted its position in shares of Range Resources Corporation by 5.6% during the second quarter. Stephens Inc. AR now owns 7,728 shares of the oil and gas exploration company’s stock worth $179,000 after buying an additional 412 shares during the period. Hedge funds and other institutional investors own 95.61% of the company’s stock.

In other news, Director Steffen E. Palko acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average price of $16.81 per share, for a total transaction of $252,150.00. Following the completion of the purchase, the director now owns 27,267 shares in the company, valued at $458,358.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Ralph Lowe acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was purchased at an average price of $17.99 per share, for a total transaction of $179,900.00. Following the purchase, the director now owns 25,413 shares of the company’s stock, valued at approximately $457,179.87. The disclosure for this purchase can be found here. Insiders have bought a total of 26,000 shares of company stock valued at $449,800 over the last three months. Insiders own 0.42% of the company’s stock.

Shares of Range Resources Corporation (NYSE RRC) opened at 20.42 on Tuesday. The company has a market capitalization of $4.98 billion, a P/E ratio of 137.97 and a beta of 0.94. The company has a 50-day moving average price of $18.32 and a 200 day moving average price of $22.70. Range Resources Corporation has a 1-year low of $16.00 and a 1-year high of $40.20.

Range Resources Corporation (NYSE:RRC) last announced 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. The business had revenue of $565.00 million for the quarter, compared to analyst estimates of $544.08 million. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. The company’s revenue for the quarter was up 55.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.35) earnings per share. Equities research analysts anticipate that Range Resources Corporation will post $0.50 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 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 0.39%. The ex-dividend date of this dividend was Thursday, September 14th. Range Resources Corporation’s dividend payout ratio is currently 100.01%.

Several equities research analysts have commented on RRC shares. BidaskClub upgraded Range Resources Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Cowen and Company reaffirmed a “buy” rating and set a $35.00 price target on shares of Range Resources Corporation in a research note on Tuesday, August 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price target on shares of Range Resources Corporation in a research note on Thursday, September 14th. Barclays PLC lowered their price objective on shares of Range Resources Corporation from $20.00 to $18.00 and set an “underweight” rating on the stock in a report on Thursday, August 3rd. Finally, KeyCorp reiterated a “hold” rating on shares of Range Resources Corporation in a report on Wednesday, September 6th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $34.81.

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

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