Blue Sky Asset Management LLC bought a new position in shares of Range Resources Corp. (NYSE:RRC) during the fourth quarter, HoldingsChannel.com reports. The firm bought 84,420 shares of the oil and gas exploration company’s stock, valued at approximately $1,440,000. Range Resources comprises 0.7% of Blue Sky Asset Management LLC’s portfolio, making the stock its 24th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. raised its stake in Range Resources by 325.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 53,111 shares of the oil and gas exploration company’s stock worth $906,000 after acquiring an additional 40,631 shares during the period. Essex Investment Management Co. LLC raised its stake in Range Resources by 151.5% during the 4th quarter. Essex Investment Management Co. LLC now owns 65,697 shares of the oil and gas exploration company’s stock worth $1,121,000 after acquiring an additional 39,578 shares during the period. Deltec Asset Management LLC raised its stake in Range Resources by 8.4% during the 4th quarter. Deltec Asset Management LLC now owns 516,900 shares of the oil and gas exploration company’s stock worth $8,818,000 after acquiring an additional 39,900 shares during the period. Rockefeller Financial Services Inc. raised its stake in Range Resources by 113.7% during the 4th quarter. Rockefeller Financial Services Inc. now owns 364,188 shares of the oil and gas exploration company’s stock worth $6,213,000 after acquiring an additional 193,773 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Range Resources by 410.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 20,274 shares of the oil and gas exploration company’s stock worth $346,000 after acquiring an additional 16,306 shares during the period. Institutional investors own 95.71% of the company’s stock.

Range Resources Corp. (NYSE:RRC) opened at $13.79 on Wednesday. Range Resources Corp. has a fifty-two week low of $12.70 and a fifty-two week high of $34.17. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.47. The firm has a market cap of $3,420.00, a price-to-earnings ratio of -65.67, a P/E/G ratio of 0.86 and a beta of 0.68.

A number of research firms have commented on RRC. Zacks Investment Research cut shares of Range Resources from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Jefferies Group reiterated a “buy” rating and set a $25.00 price objective on shares of Range Resources in a research report on Tuesday, October 10th. Barclays upgraded shares of Range Resources from an “underweight” rating to an “overweight” rating and lifted their price objective for the company from $18.00 to $24.00 in a research report on Wednesday, October 11th. BMO Capital Markets set a $30.00 price objective on shares of Range Resources and gave the company a “buy” rating in a research report on Tuesday, October 10th. Finally, Piper Jaffray Companies set a $35.00 price objective on shares of Range Resources and gave the company a “buy” rating in a research report on Thursday, October 19th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $25.59.

In related news, CFO Roger S. Manny sold 10,757 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $16.42, for a total value of $176,629.94. Following the completion of the transaction, the chief financial officer now directly owns 143,703 shares of the company’s stock, valued at $2,359,603.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steffen E. Palko bought 34,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was acquired at an average cost of $14.72 per share, with a total value of $500,480.00. Following the completion of the acquisition, the director now owns 61,267 shares of the company’s stock, valued at approximately $901,850.24. The disclosure for this purchase can be found here. Over the last three months, insiders sold 44,574 shares of company stock valued at $729,007. 0.42% of the stock is currently owned by insiders.

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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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