UBS Asset Management Americas Inc. increased its stake in Range Resources Corp. (NYSE:RRC) by 5.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 393,910 shares of the oil and gas exploration company’s stock after buying an additional 20,240 shares during the period. UBS Asset Management Americas Inc. owned 0.24% of Range Resources Corp. worth $16,994,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. boosted its stake in Range Resources Corp. by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,366,132 shares of the oil and gas exploration company’s stock valued at $141,375,000 after buying an additional 22,239 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Range Resources Corp. during the second quarter valued at about $116,394,000. Geode Capital Management LLC raised its position in shares of Range Resources Corp. by 2.5% in the first quarter. Geode Capital Management LLC now owns 1,381,218 shares of the oil and gas exploration company’s stock valued at $44,632,000 after buying an additional 34,077 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Range Resources Corp. by 0.7% in the first quarter. Bessemer Group Inc. now owns 1,368,992 shares of the oil and gas exploration company’s stock valued at $44,328,000 after buying an additional 9,947 shares during the last quarter. Finally, Tobam raised its position in shares of Range Resources Corp. by 25.5% in the first quarter. Tobam now owns 1,014,632 shares of the oil and gas exploration company’s stock valued at $32,854,000 after buying an additional 206,214 shares during the last quarter.

Shares of Range Resources Corp. (NYSE:RRC) traded up 3.69% during midday trading on Wednesday, reaching $37.93. 5,089,717 shares of the company traded hands. The firm’s market capitalization is $6.32 billion. The stock has a 50 day moving average price of $39.84 and a 200 day moving average price of $39.70. Range Resources Corp. has a 1-year low of $19.21 and a 1-year high of $46.96.

Range Resources Corp. (NYSE:RRC) last released its quarterly earnings data on Tuesday, July 26th. The oil and gas exploration company reported ($0.14) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.07. Range Resources Corp. had a negative return on equity of 14.57% and a negative net margin of 71.00%. The business had revenue of $362.67 million for the quarter, compared to analyst estimates of $327.40 million. During the same quarter in the prior year, the firm posted $0.01 EPS. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. Analysts expect that Range Resources Corp. will post ($0.26) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a $0.02 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.08 annualized dividend and a yield of 0.22%. Range Resources Corp.’s dividend payout ratio is presently -1.42%.

Several brokerages recently issued reports on RRC. Credit Suisse Group AG reiterated an “outperform” rating and issued a $49.00 price target on shares of Range Resources Corp. in a research note on Wednesday. Morgan Stanley began coverage on shares of Range Resources Corp. in a research note on Tuesday. They issued an “equal weight” rating and a $45.00 price target for the company. Jefferies Group set a $50.00 price target on shares of Range Resources Corp. and gave the stock a “buy” rating in a research note on Friday, September 9th. Zacks Investment Research lowered shares of Range Resources Corp. from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Finally, BMO Capital Markets lowered shares of Range Resources Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Range Resources Corp. has an average rating of “Buy” and a consensus target price of $44.28.

In other Range Resources Corp. news, COO Ray N. Walker, Jr. sold 13,350 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $37.53, for a total value of $501,025.50. Following the sale, the chief operating officer now owns 42,598 shares in the company, valued at approximately $1,598,702.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.40% of the stock is owned by company insiders.

About Range Resources Corp.

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

Receive News & Ratings for Range Resources Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Range Resources Corp. and related companies with MarketBeat.com's FREE daily email newsletter.