Schwab Charles Investment Management Inc. increased its stake in Range Resources Corporation (NYSE:RRC) by 34.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,288,538 shares of the oil and gas exploration company’s stock after buying an additional 329,995 shares during the period. Schwab Charles Investment Management Inc. owned 0.52% of Range Resources worth $25,217,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. lifted its position in Range Resources 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 valued at $110,000 after acquiring an additional 990 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in Range Resources 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 valued at $117,000 after acquiring an additional 64 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. lifted its position in Range Resources 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 valued at $141,000 after acquiring an additional 3,801 shares in the last quarter. Stephens Inc. AR lifted its position in Range Resources by 5.6% in the 2nd quarter. Stephens Inc. AR now owns 7,728 shares of the oil and gas exploration company’s stock valued at $179,000 after acquiring an additional 412 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its position in Range Resources by 240.4% in the 2nd quarter. Westwood Holdings Group Inc. now owns 8,850 shares of the oil and gas exploration company’s stock valued at $205,000 after acquiring an additional 6,250 shares in the last quarter. Institutional investors own 95.72% of the company’s stock.

Range Resources Corporation (NYSE RRC) traded down $0.11 during midday trading on Thursday, hitting $16.24. The stock had a trading volume of 6,709,400 shares, compared to its average volume of 5,917,615. The company has a market cap of $4,030.00, a PE ratio of 45.40 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.47. Range Resources Corporation has a 12-month low of $15.91 and a 12-month high of $36.66.

Range Resources (NYSE:RRC) last released its quarterly earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The firm had revenue of $482.20 million for the quarter, compared to analysts’ expectations of $543.16 million. Range Resources had a positive return on equity of 1.63% and a negative net margin of 2.23%. The company’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.06) EPS. analysts expect that Range Resources Corporation will post 0.44 EPS for the current fiscal year.

The business also recently disclosed 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 0.49%. Range Resources’s dividend payout ratio (DPR) is -38.10%.

RRC has been the topic of several analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Range Resources in a research report on Monday, November 13th. Jefferies Group reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Range Resources in a research report on Tuesday, October 10th. BMO Capital Markets set a $30.00 price objective on Range Resources and gave the company a “buy” rating in a research report on Tuesday, October 10th. Scotiabank set a $27.00 price objective on Range Resources and gave the company a “buy” rating in a research report on Saturday, November 25th. Finally, Cowen reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Range Resources in a research report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Range Resources presently has an average rating of “Buy” and a consensus price target of $30.98.

WARNING: “Schwab Charles Investment Management Inc. Buys 329,995 Shares of Range Resources Corporation (RRC)” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/12/14/schwab-charles-investment-management-inc-buys-329995-shares-of-range-resources-corporation-rrc.html.

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)

Receive News & Ratings for Range Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Range Resources and related companies with MarketBeat.com's FREE daily email newsletter.