Oppenheimer & Co. Inc. increased its stake in shares of Range Resources Corp. (NYSE:RRC) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,031 shares of the oil and gas exploration company’s stock after buying an additional 1,700 shares during the period. Oppenheimer & Co. Inc.’s holdings in Range Resources Corp. were worth $3,837,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. First Midwest Bank Trust Division increased its position in Range Resources Corp. by 45.1% in the third quarter. First Midwest Bank Trust Division now owns 37,590 shares of the oil and gas exploration company’s stock valued at $1,457,000 after buying an additional 11,679 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Range Resources Corp. by 8.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 93,077 shares of the oil and gas exploration company’s stock valued at $3,607,000 after buying an additional 7,642 shares in the last quarter. Swiss National Bank increased its position in Range Resources Corp. by 5.2% in the third quarter. Swiss National Bank now owns 500,004 shares of the oil and gas exploration company’s stock valued at $19,375,000 after buying an additional 24,675 shares in the last quarter. Prudential Financial Inc. increased its position in Range Resources Corp. by 28.0% in the third quarter. Prudential Financial Inc. now owns 293,391 shares of the oil and gas exploration company’s stock valued at $11,369,000 after buying an additional 64,118 shares in the last quarter. Finally, Sei Investments Co. increased its position in Range Resources Corp. by 11,592.0% in the third quarter. Sei Investments Co. now owns 127,209 shares of the oil and gas exploration company’s stock valued at $4,930,000 after buying an additional 126,121 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Range Resources Corp. (NYSE:RRC) traded down 0.38% during trading on Tuesday, hitting $36.37. 4,623,933 shares of the stock were exchanged. Range Resources Corp. has a 12-month low of $19.21 and a 12-month high of $46.96. The firm has a 50 day moving average of $35.38 and a 200-day moving average of $39.73. The company’s market cap is $8.87 billion.

Range Resources Corp. (NYSE:RRC) last issued its quarterly earnings data on Tuesday, October 25th. The oil and gas exploration company reported ($0.06) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.10. Range Resources Corp. had a negative net margin of 54.13% and a negative return on equity of 13.00%. The company earned $413 million during the quarter, compared to the consensus estimate of $152.84 million. During the same quarter last year, the company earned $0.03 earnings per share. Range Resources Corp.’s revenue for the quarter was down 13.9% on a year-over-year basis. On average, analysts forecast that Range Resources Corp. will post ($0.19) earnings per share for the current year.

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Several research firms have recently weighed in on RRC. BMO Capital Markets raised shares of Range Resources Corp. from a “market perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a research note on Thursday, November 17th. Goldman Sachs Group Inc. upgraded shares of Range Resources Corp. from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Monday, October 31st. Imperial Capital cut their price objective on shares of Range Resources Corp. from $55.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Jefferies Group set a $50.00 price objective on shares of Range Resources Corp. and gave the stock a “buy” rating in a research report on Tuesday, October 18th. Finally, JPMorgan Chase & Co. upgraded shares of Range Resources Corp. from a “neutral” rating to an “overweight” rating and set a $46.00 price objective for the company in a research report on Friday, October 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $44.38.

In other news, COO Ray N. Walker, Jr. sold 13,350 shares of the stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $37.53, for a total transaction of $501,025.50. Following the completion of the transaction, the chief operating officer now directly owns 42,598 shares in the company, valued at approximately $1,598,702.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gregory Gene Maxwell bought 1,000 shares of Range Resources Corp. stock in a transaction dated Tuesday, September 27th. The shares were acquired at an average price of $37.00 per share, with a total value of $37,000.00. Following the completion of the purchase, the director now owns 12,211 shares in the company, valued at approximately $451,807. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by company insiders.

Range Resources Corp. Company Profile

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company operates through the exploration and production of natural gas, NGLs and oil in the United States segment. The Company is engaged in the exploration, development and acquisition of natural gas and oil properties, focused in the Appalachian region of the United States.

5 Day Chart for NYSE:RRC

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