Shell Asset Management Co. continued to hold its stake in shares of Range Resources Corporation (NYSE:RRC) during the second quarter, Holdings Channel reports. The fund owned 13,007 shares of the oil and gas exploration company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Range Resources Corporation were worth $301,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Bartlett & Co. LLC boosted its stake 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 valued at $101,000 after buying an additional 1,045 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake 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 valued at $109,000 after buying an additional 257 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake 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 valued at $119,000 after buying an additional 31 shares in the last quarter. Financial Architects Inc boosted its stake in shares of Range Resources Corporation by 24.5% in the second quarter. Financial Architects Inc now owns 6,100 shares of the oil and gas exploration company’s stock valued at $141,000 after buying an additional 1,200 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Range Resources Corporation by 886.4% in the first quarter. Ameritas Investment Partners Inc. now owns 5,001 shares of the oil and gas exploration company’s stock valued at $145,000 after buying an additional 4,494 shares in the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Range Resources Corporation (NYSE:RRC) opened at 17.53 on Thursday. The firm has a 50 day moving average of $20.53 and a 200-day moving average of $25.47. Range Resources Corporation has a 12-month low of $16.50 and a 12-month high of $43.60. The stock has a market cap of $4.28 billion, a PE ratio of 118.45 and a beta of 0.92.

Range Resources Corporation (NYSE:RRC) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $565 million during the quarter, compared to the consensus estimate of $544.08 million. During the same quarter in the prior year, the firm earned ($1.35) EPS. Range Resources Corporation’s revenue for the quarter was up 55.8% on a year-over-year basis. On average, analysts expect that Range Resources Corporation will post $0.53 earnings per share for the current year.

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A number of research firms recently weighed in on RRC. KLR Group increased their price objective on shares of Range Resources Corporation from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. J P Morgan Chase & Co reissued a “buy” rating on shares of Range Resources Corporation in a research report on Tuesday, April 25th. Scotiabank reissued a “buy” rating and issued a $44.00 price objective on shares of Range Resources Corporation in a research report on Friday, April 21st. Jefferies Group LLC reissued a “buy” rating and issued a $41.00 price objective on shares of Range Resources Corporation in a research report on Monday, May 1st. Finally, Evercore ISI raised shares of Range Resources Corporation to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, April 19th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $39.97.

In other Range Resources Corporation news, Director Steffen E. Palko purchased 15,000 shares of Range Resources Corporation stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average price of $16.81 per share, for a total transaction of $252,150.00. Following the transaction, the director now directly 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 available at the SEC website. Also, Director Mary Ralph Lowe purchased 10,000 shares of Range Resources Corporation stock in a transaction that occurred on Friday, August 4th. The stock was acquired at an average price of $17.99 per share, with a total value of $179,900.00. Following the transaction, the director now owns 25,413 shares in the company, valued at $457,179.87. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 30,000 shares of company stock valued at $541,640 and sold 36,521 shares valued at $842,742. 0.42% of the stock is owned by corporate 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.

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

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