Swiss National Bank raised its stake in shares of Range Resources Corporation (NYSE:RRC) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 905,004 shares of the oil and gas exploration company’s stock after acquiring an additional 4,500 shares during the quarter. Swiss National Bank owned approximately 364,715.08% of Range Resources Corporation worth $17,711,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smithfield Trust Co. boosted its stake in Range Resources Corporation by 480.0% during the 2nd quarter. Smithfield Trust Co. now owns 4,640 shares of the oil and gas exploration company’s stock valued at $107,000 after acquiring an additional 3,840 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Range Resources Corporation by 26.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,746 shares of the oil and gas exploration company’s stock worth $110,000 after buying an additional 990 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Range Resources Corporation by 1.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock worth $117,000 after buying an additional 64 shares during the last quarter. Financial Architects Inc lifted its position in shares of Range Resources Corporation by 24.5% in the 2nd quarter. Financial Architects Inc now owns 6,100 shares of the oil and gas exploration company’s stock worth $141,000 after buying an additional 1,200 shares during the last quarter. Finally, Capstone Investment Advisors Netherlands B.V. lifted its position in shares of Range Resources Corporation by 166.2% in the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 6,088 shares of the oil and gas exploration company’s stock worth $141,000 after buying an additional 3,801 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Several analysts recently weighed in on the stock. Robert W. Baird cut their price objective on shares of Range Resources Corporation from $29.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, August 11th. Morgan Stanley lowered their target price on shares of Range Resources Corporation from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 26th. Jefferies Group LLC set a $36.00 target price on shares of Range Resources Corporation and gave the company a “buy” rating in a research note on Tuesday, August 29th. Scotiabank reissued a “buy” rating and set a $30.00 target price on shares of Range Resources Corporation in a research note on Monday, October 9th. Finally, BidaskClub cut shares of Range Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $31.89.

Shares of Range Resources Corporation (RRC) opened at $18.03 on Friday. The stock has a market cap of $4,473.95, a price-to-earnings ratio of 50.08 and a beta of 0.91. The company has a quick ratio of 0.47, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. Range Resources Corporation has a fifty-two week low of $15.99 and a fifty-two week high of $39.64.

Range Resources Corporation (NYSE:RRC) last announced its quarterly earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Range Resources Corporation had a negative net margin of 2.23% and a positive return on equity of 1.63%. The firm had revenue of $482.20 million for the quarter, compared to analyst estimates of $543.16 million. During the same quarter in the previous year, the firm posted ($0.06) EPS. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. equities research analysts forecast that Range Resources Corporation will post 0.47 earnings per share for the current fiscal year.

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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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