Dimensional Fund Advisors LP raised its holdings in Range Resources Corporation (NYSE:RRC) by 72.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,322,750 shares of the oil and gas exploration company’s stock after acquiring an additional 973,814 shares during the period. Dimensional Fund Advisors LP owned approximately 0.95% of Range Resources Corporation worth $53,825,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in RRC. UBS Asset Management Americas Inc. raised its holdings in shares of Range Resources Corporation by 11.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 482,393 shares of the oil and gas exploration company’s stock valued at $14,038,000 after acquiring an additional 50,440 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Range Resources Corporation by 886.4% in the 1st quarter. Ameritas Investment Partners Inc. now owns 5,001 shares of the oil and gas exploration company’s stock valued at $145,000 after acquiring an additional 4,494 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Range Resources Corporation by 47.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,445 shares of the oil and gas exploration company’s stock valued at $188,000 after acquiring an additional 2,071 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in shares of Range Resources Corporation by 458.8% in the 1st quarter. OppenheimerFunds Inc. now owns 89,244 shares of the oil and gas exploration company’s stock valued at $2,597,000 after acquiring an additional 73,272 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of Range Resources Corporation by 6.4% in the 1st quarter. Teachers Advisors LLC now owns 272,621 shares of the oil and gas exploration company’s stock valued at $7,933,000 after acquiring an additional 16,281 shares in the last quarter. 95.19% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on RRC shares. Citigroup Inc. lowered their price target on Range Resources Corporation from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, August 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 price target on shares of Range Resources Corporation in a report on Thursday, August 10th. BMO Capital Markets set a $35.00 price target on Range Resources Corporation and gave the company a “buy” rating in a report on Monday, June 26th. Zacks Investment Research raised Range Resources Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Monday, July 17th. Finally, Scotiabank set a $35.00 price target on Range Resources Corporation and gave the company a “buy” rating in a report on Saturday, July 1st. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $33.89.

In related news, Director Mary Ralph Lowe acquired 10,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were acquired at an average cost of $17.99 per share, for a total transaction of $179,900.00. Following the completion of the transaction, the director now directly owns 25,413 shares in the company, valued at approximately $457,179.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Steffen E. Palko acquired 15,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were bought at an average price of $16.81 per share, for a total transaction of $252,150.00. Following the completion of the transaction, the director now owns 27,267 shares of the company’s stock, valued at $458,358.27. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 26,000 shares of company stock worth $449,800. Company insiders own 2.40% of the company’s stock.

Range Resources Corporation (RRC) opened at 19.00 on Thursday. Range Resources Corporation has a 52-week low of $16.00 and a 52-week high of $39.64. The company’s 50-day moving average price is $19.01 and its 200 day moving average price is $22.04. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 128.38 and a beta of 0.95.

Range Resources Corporation (NYSE:RRC) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share (EPS) for the quarter, beating 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 $565.00 million for the quarter, compared to the consensus estimate of $544.08 million. During the same period in the prior year, the business posted ($1.35) earnings per share. The company’s quarterly revenue was up 55.8% compared to the same quarter last year. On average, equities analysts expect that Range Resources Corporation will post $0.50 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.02 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.42%. Range Resources Corporation’s dividend payout ratio (DPR) is presently 100.01%.

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Range Resources Corporation 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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