Oregon Public Employees Retirement Fund maintained its position in Range Resources Corporation (NYSE:RRC) during the second quarter, Holdings Channel reports. 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 quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in 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 valued at $119,000 after buying an additional 31 shares during the period. Capstone Asset Management Co. increased its position in Range Resources Corporation by 1.1% in the first quarter. Capstone Asset Management Co. now owns 12,374 shares of the oil and gas exploration company’s stock valued at $360,000 after buying an additional 140 shares during the period. Advantus Capital Management Inc increased its position in Range Resources Corporation by 1.0% in the first quarter. Advantus Capital Management Inc now owns 18,832 shares of the oil and gas exploration company’s stock valued at $548,000 after buying an additional 185 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in 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 valued at $109,000 after buying an additional 257 shares during the period. Finally, ProShare Advisors LLC increased its position in Range Resources Corporation by 0.8% in the first quarter. ProShare Advisors LLC now owns 31,935 shares of the oil and gas exploration company’s stock valued at $929,000 after buying an additional 260 shares during the period. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Range Resources Corporation (NYSE RRC) traded up 0.86% during mid-day trading on Tuesday, hitting $17.50. 2,195,746 shares of the stock were exchanged. Range Resources Corporation has a 12 month low of $17.12 and a 12 month high of $43.60. The firm has a market cap of $4.27 billion, a P/E ratio of 118.24 and a beta of 0.92. The stock’s 50 day moving average is $22.18 and its 200 day moving average is $26.71.

Range Resources Corporation (NYSE:RRC) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.20. Range Resources Corporation had a return on equity of 0.67% and a net margin of 1.75%. The business had revenue of $565 million for the quarter, compared to the consensus estimate of $544.08 million. During the same quarter in the prior year, the company earned ($1.35) EPS. The business’s revenue was up 55.8% compared to the same quarter last year. Analysts expect that Range Resources Corporation will post $0.55 EPS for the current fiscal year.

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Several research analysts recently commented on the stock. ValuEngine raised shares of Range Resources Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Royal Bank Of Canada set a $44.00 target price on shares of Range Resources Corporation and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Scotiabank set a $35.00 target price on shares of Range Resources Corporation and gave the stock a “buy” rating in a research note on Saturday, July 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $41.00 target price on shares of Range Resources Corporation in a research note on Monday, May 1st. Finally, Barclays PLC reaffirmed a “sell” rating and issued a $28.00 target price on shares of Range Resources Corporation in a research note on Thursday, April 27th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $42.14.

In related news, COO Ray N. Walker, Jr. sold 7,200 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $23.17, for a total transaction of $166,824.00. Following the sale, the chief operating officer now owns 63,861 shares of the company’s stock, valued at $1,479,659.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mary Ralph Lowe acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were bought at an average cost of $17.99 per share, for a total transaction of $179,900.00. Following the transaction, the director now owns 25,413 shares of the company’s stock, valued at $457,179.87. The disclosure for this purchase can be found here. In the last three months, insiders have bought 15,000 shares of company stock worth $289,490 and have sold 36,521 shares worth $842,742. 0.42% of the stock is currently owned by corporate insiders.

Range Resources Corporation Company 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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