Thompson Siegel & Walmsley LLC grew its stake in Range Resources Corporation (NYSE:RRC) by 14.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,951,343 shares of the oil and gas exploration company’s stock after purchasing an additional 612,032 shares during the quarter. Range Resources Corporation makes up approximately 1.2% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 21st biggest holding. Thompson Siegel & Walmsley LLC owned about 2.00% of Range Resources Corporation worth $96,898,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Range Resources Corporation by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 23,202,503 shares of the oil and gas exploration company’s stock valued at $537,603,000 after purchasing an additional 976,293 shares in the last quarter. Sanders Capital LLC raised its stake in shares of Range Resources Corporation by 4.5% in the 3rd quarter. Sanders Capital LLC now owns 15,485,365 shares of the oil and gas exploration company’s stock valued at $332,679,000 after purchasing an additional 673,214 shares in the last quarter. BlackRock Inc. raised its stake in shares of Range Resources Corporation by 6.8% in the 2nd quarter. BlackRock Inc. now owns 14,024,098 shares of the oil and gas exploration company’s stock valued at $324,936,000 after purchasing an additional 890,348 shares in the last quarter. State Street Corp raised its stake in shares of Range Resources Corporation by 15.0% in the 2nd quarter. State Street Corp now owns 13,856,976 shares of the oil and gas exploration company’s stock valued at $321,059,000 after purchasing an additional 1,805,404 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Range Resources Corporation by 0.6% in the 2nd quarter. Bessemer Group Inc. now owns 3,357,515 shares of the oil and gas exploration company’s stock valued at $77,793,000 after purchasing an additional 20,021 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

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Several research firms recently weighed in on RRC. Robert W. Baird dropped 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 note on Friday, August 11th. Jefferies Group LLC reiterated a “buy” rating and set a $25.00 price objective on shares of Range Resources Corporation in a research note on Tuesday, October 10th. J P Morgan Chase & Co lowered shares of Range Resources Corporation from an “overweight” rating to a “neutral” rating and set a $22.00 price objective on the stock. in a research note on Monday, October 23rd. Citigroup Inc. dropped their price objective on shares of Range Resources Corporation from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, August 15th. Finally, Piper Jaffray Companies dropped their price objective on shares of Range Resources Corporation from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, September 18th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Range Resources Corporation has an average rating of “Buy” and a consensus price target of $31.89.

Shares of Range Resources Corporation (NYSE:RRC) traded down $0.61 during trading hours on Monday, reaching $17.42. 1,697,133 shares of the company were exchanged, compared to its average volume of 5,899,543. The company has a market capitalization of $4,470.00, a PE ratio of 50.08 and a beta of 0.91. Range Resources Corporation has a 1 year low of $15.99 and a 1 year high of $39.64. 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 (NYSE:RRC) last issued its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. The firm had revenue of $482.20 million during the quarter, compared to analysts’ expectations of $543.16 million. Range Resources Corporation had a negative net margin of 2.23% and a positive return on equity of 1.63%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share. research analysts predict that Range Resources Corporation will post 0.47 earnings per share for the current fiscal year.

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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