Earnest Partners LLC lifted its stake in shares of Range Resources Corporation (NYSE:RRC) by 8.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 249,006 shares of the oil and gas exploration company’s stock after buying an additional 20,242 shares during the quarter. Earnest Partners LLC owned about 0.10% of Range Resources worth $4,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its position in shares of Range Resources by 26.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,746 shares of the oil and gas exploration company’s stock valued at $110,000 after buying an additional 990 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Range Resources by 1.3% in the second quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock worth $117,000 after purchasing an additional 64 shares during the period. Capstone Investment Advisors Netherlands B.V. grew its holdings in Range Resources by 166.2% in the second 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 purchasing an additional 3,801 shares during the period. Stephens Inc. AR grew its holdings in Range Resources by 5.6% in the second quarter. Stephens Inc. AR now owns 7,728 shares of the oil and gas exploration company’s stock worth $179,000 after purchasing an additional 412 shares during the period. Finally, Westwood Holdings Group Inc. grew its holdings in Range Resources by 240.4% in the second quarter. Westwood Holdings Group Inc. now owns 8,850 shares of the oil and gas exploration company’s stock worth $205,000 after purchasing an additional 6,250 shares during the period. Institutional investors own 95.72% of the company’s stock.

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus set a $21.00 price objective on shares of Range Resources and gave the stock a “buy” rating in a report on Thursday, October 5th. Zacks Investment Research cut shares of Range Resources from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Scotiabank restated a “buy” rating and issued a $30.00 price objective on shares of Range Resources in a report on Monday, October 9th. Jefferies Group restated a “buy” rating and issued a $25.00 price objective on shares of Range Resources in a report on Tuesday, October 10th. Finally, BMO Capital Markets set a $30.00 price objective on shares of Range Resources and gave the stock a “buy” rating in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $30.98.

Shares of Range Resources Corporation (NYSE RRC) traded up $0.62 during midday trading on Tuesday, hitting $16.70. 7,447,400 shares of the stock traded hands, compared to its average volume of 5,906,125. The company has a market capitalization of $3,990.08, a P/E ratio of 44.67 and a beta of 0.91. Range Resources Corporation has a 52-week low of $15.91 and a 52-week high of $39.64. The company has a current ratio of 0.50, a quick ratio of 0.47 and a debt-to-equity ratio of 0.72.

Range Resources (NYSE:RRC) last issued its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The firm had revenue of $482.20 million for the quarter, compared to the consensus estimate of $543.16 million. Range Resources had a negative net margin of 2.23% and a positive return on equity of 1.63%. The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. equities research analysts forecast that Range Resources Corporation will post 0.48 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.48%. Range Resources’s dividend payout ratio is presently -38.09%.

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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.

Institutional Ownership by Quarter for Range Resources (NYSE:RRC)

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