Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Range Resources Corporation (NYSE:RRC) by 0.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,521 shares of the oil and gas exploration company’s stock after purchasing an additional 35 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Range Resources Corporation were worth $383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of RRC. BlackRock Inc. boosted its stake in shares of Range Resources Corporation by 2,153.9% during the first quarter. BlackRock Inc. now owns 13,133,750 shares of the oil and gas exploration company’s stock valued at $382,193,000 after purchasing an additional 12,551,039 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Range Resources Corporation by 1,318.0% during the second quarter. Canada Pension Plan Investment Board now owns 1,501,921 shares of the oil and gas exploration company’s stock valued at $34,800,000 after purchasing an additional 1,395,999 shares during the period. Stelliam Investment Management LP boosted its stake in shares of Range Resources Corporation by 21.9% during the first quarter. Stelliam Investment Management LP now owns 5,722,500 shares of the oil and gas exploration company’s stock valued at $166,525,000 after purchasing an additional 1,027,500 shares during the period. Sanders Capital LLC boosted its stake in shares of Range Resources Corporation by 6.7% during the second quarter. Sanders Capital LLC now owns 14,812,151 shares of the oil and gas exploration company’s stock valued at $379,186,000 after purchasing an additional 932,706 shares during the period. Finally, Caymus Capital Partners L.P. boosted its stake in shares of Range Resources Corporation by 274.3% during the second quarter. Caymus Capital Partners L.P. now owns 1,272,600 shares of the oil and gas exploration company’s stock valued at $29,486,000 after purchasing an additional 932,600 shares during the period. 95.51% of the stock is owned by hedge funds and other institutional investors.

Range Resources Corporation (NYSE RRC) opened at 18.92 on Friday. The firm has a market cap of $4.62 billion, a P/E ratio of 127.84 and a beta of 0.94. Range Resources Corporation has a 12-month low of $16.00 and a 12-month high of $40.20. The stock’s 50 day moving average is $17.82 and its 200 day moving average is $23.24.

Range Resources Corporation (NYSE:RRC) last posted its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.20. The firm had revenue of $565.00 million during the quarter, compared to analysts’ expectations of $544.08 million. Range Resources Corporation had a return on equity of 0.67% and a net margin of 1.75%. The firm’s revenue was up 55.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.35) earnings per share. On average, equities research analysts expect that Range Resources Corporation will post $0.50 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.42%. The ex-dividend date is Thursday, September 14th. Range Resources Corporation’s payout ratio is 100.01%.

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RRC has been the subject of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) lowered shares of Range Resources Corporation from a “conviction-buy” rating to a “buy” rating and set a $42.50 target price for the company. in a research note on Friday, June 2nd. ValuEngine lowered shares of Range Resources Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Royal Bank Of Canada set a $44.00 target price on shares of Range Resources Corporation and gave the company a “buy” rating in a research note on Saturday, June 3rd. BidaskClub raised shares of Range Resources Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, BMO Capital Markets set a $35.00 target price on shares of Range Resources Corporation and gave the company a “buy” rating in a research note on Monday, June 26th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $36.22.

In other Range Resources Corporation news, Director Steffen E. Palko bought 15,000 shares of the firm’s 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 completion of the purchase, the director now directly owns 27,267 shares in the company, valued at $458,358.27. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mary Ralph Lowe bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were acquired at an average price of $17.99 per share, with a total value of $179,900.00. Following the purchase, 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 90 days, insiders have purchased 26,000 shares of company stock valued at $449,800. 2.40% of the stock is 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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