Dorsey & Whitney Trust CO LLC acquired a new position in shares of Range Resources Corporation (NYSE:RRC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,481 shares of the oil and gas exploration company’s stock, valued at approximately $225,000.

Several other large investors also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Range Resources during the third quarter worth $281,000. Schroder Investment Management Group lifted its position in Range Resources by 37.9% during the third quarter. Schroder Investment Management Group now owns 1,422,681 shares of the oil and gas exploration company’s stock valued at $28,055,000 after purchasing an additional 391,351 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Range Resources by 21.5% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,078 shares of the oil and gas exploration company’s stock valued at $393,000 after purchasing an additional 3,557 shares during the period. Achmea Investment Management B.V. lifted its position in Range Resources by 45.6% during the third quarter. Achmea Investment Management B.V. now owns 15,073 shares of the oil and gas exploration company’s stock valued at $294,000 after purchasing an additional 4,719 shares during the period. Finally, Legal & General Group Plc lifted its position in Range Resources by 1.2% during the third quarter. Legal & General Group Plc now owns 1,090,213 shares of the oil and gas exploration company’s stock valued at $21,335,000 after purchasing an additional 13,334 shares during the period. Institutional investors and hedge funds own 95.72% of the company’s stock.

Range Resources Corporation (NYSE RRC) traded up $0.02 on Thursday, reaching $18.00. 6,068,100 shares of the company’s stock were exchanged, compared to its average volume of 5,864,038. Range Resources Corporation has a one year low of $15.99 and a one 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. The stock has a market capitalization of $4,470.00, a PE ratio of 49.94 and a beta of 0.91.

Range Resources (NYSE:RRC) last released its quarterly earnings data on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Range Resources had a negative net margin of 2.23% and a positive return on equity of 1.63%. The company had revenue of $482.20 million during the quarter, compared to analysts’ expectations of $543.16 million. During the same quarter in the previous year, the company earned ($0.06) earnings per share. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. analysts predict that Range Resources Corporation will post 0.48 earnings per share for the current year.

RRC has been the subject of a number of research reports. Barclays decreased their target price on shares of Range Resources from $20.00 to $18.00 and set an “underweight” rating for the company in a research report on Thursday, August 3rd. Stifel Nicolaus restated a “buy” rating and set a $20.00 target price on shares of Range Resources in a research report on Thursday, August 10th. Robert W. Baird decreased their target price on shares of Range Resources from $29.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, August 11th. Citigroup decreased their target price on shares of Range Resources from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, August 15th. Finally, Cowen restated a “buy” rating and set a $35.00 target price on shares of Range Resources in a research report on Tuesday, August 22nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Range Resources has an average rating of “Buy” and an average price target of $31.76.

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Range Resources Company 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 (NYSE:RRC)

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