Range Resources Corporation (RRC) Stake Maintained by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund maintained its position in shares of Range Resources Corporation (NYSE:RRC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,511 shares of the oil and gas exploration company’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in Range Resources Corporation were worth $452,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bartlett & Co. LLC increased its position in shares of Range Resources Corporation by 43.0% in the first quarter. Bartlett & Co. LLC now owns 3,475 shares of the oil and gas exploration company’s stock worth $101,000 after buying an additional 1,045 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in shares of Range Resources Corporation by 7.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,756 shares of the oil and gas exploration company’s stock worth $109,000 after buying an additional 257 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Range Resources Corporation by 0.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,109 shares of the oil and gas exploration company’s stock worth $119,000 after buying an additional 31 shares during the period. Financial Architects Inc increased its position in shares of Range Resources Corporation by 28.9% in the first quarter. Financial Architects Inc now owns 4,900 shares of the oil and gas exploration company’s stock worth $143,000 after buying an additional 1,100 shares during the period. Finally, Skylands Capital LLC purchased a new position in shares of Range Resources Corporation during the first quarter worth approximately $146,000. 93.84% of the stock is owned by institutional investors.

Shares of Range Resources Corporation (NYSE RRC) traded up 0.86% during trading on Tuesday, hitting $17.50. 2,195,746 shares of the stock traded hands. The company has a market cap of $4.27 billion, a P/E ratio of 118.24 and a beta of 0.92. Range Resources Corporation has a 1-year low of $17.12 and a 1-year high of $43.60. The stock has a 50-day moving average of $22.18 and a 200 day moving average of $26.71.

Range Resources Corporation (NYSE:RRC) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.20. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. The company had revenue of $565 million during the quarter, compared to analyst estimates of $544.08 million. During the same period last year, the business earned ($1.35) earnings per share. Range Resources Corporation’s revenue was up 55.8% compared to the same quarter last year. On average, equities research analysts predict that Range Resources Corporation will post $0.55 EPS for the current fiscal year.

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A number of research analysts have recently commented on the stock. Scotiabank set a $35.00 price objective on shares of Range Resources Corporation and gave the company a “buy” rating in a research report on Saturday, July 1st. Royal Bank Of Canada set a $44.00 price objective on shares of Range Resources Corporation and gave the company a “buy” rating in a research report on Saturday, June 3rd. BidaskClub downgraded shares of Range Resources Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of Range Resources Corporation from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research report on Thursday, July 27th. Finally, Barclays PLC decreased their price objective on shares of Range Resources Corporation from $20.00 to $18.00 and set an “underweight” rating for the company in a research report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, two have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Range Resources Corporation currently has an average rating of “Buy” and a consensus price target of $42.14.

In other news, insider Chad L. Stephens sold 28,744 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $23.05, for a total value of $662,549.20. Following the completion of the transaction, the insider now directly owns 106,692 shares in the company, valued at $2,459,250.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Ralph Lowe acquired 10,000 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was purchased at an average price of $17.99 per share, with a total value of $179,900.00. Following the completion of the transaction, the director now directly owns 25,413 shares of the company’s stock, valued at approximately $457,179.87. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 15,000 shares of company stock valued at $289,490 and sold 36,521 shares valued at $842,742. 0.42% of the stock is currently owned by company insiders.

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.

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

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