Range Resources Corporation (RRC) Stake Increased by Axa

AXA grew its holdings in shares of Range Resources Corporation (NYSE:RRC) by 49.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 704,017 shares of the oil and gas exploration company’s stock after acquiring an additional 232,100 shares during the period. AXA owned 0.28% of Range Resources worth $13,777,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ameritas Investment Partners Inc. grew its stake in shares of 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 buying an additional 64 shares during the period. Retirement Systems of Alabama boosted its stake in Range Resources by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 91,236 shares of the oil and gas exploration company’s stock valued at $2,114,000 after purchasing an additional 305 shares during the last quarter. M&T Bank Corp boosted its stake in Range Resources by 1.3% during the 2nd quarter. M&T Bank Corp now owns 27,472 shares of the oil and gas exploration company’s stock valued at $639,000 after purchasing an additional 360 shares during the last quarter. Stephens Inc. AR boosted its stake in Range Resources by 5.6% during 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 purchasing an additional 412 shares during the last quarter. Finally, Comerica Bank boosted its stake in Range Resources by 0.4% during the 2nd quarter. Comerica Bank now owns 181,834 shares of the oil and gas exploration company’s stock valued at $3,713,000 after purchasing an additional 727 shares during the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.

In other news, VP David P. Poole sold 30,920 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $16.36, for a total transaction of $505,851.20. Following the sale, the vice president now owns 17,647 shares in the company, valued at $288,704.92. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Anthony V. Dub sold 2,897 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $16.06, for a total transaction of $46,525.82. Following the sale, the director now owns 96,000 shares in the company, valued at approximately $1,541,760. The disclosure for this sale 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 owned by insiders.

Shares of Range Resources Corporation (RRC) traded up $0.49 during trading hours on Thursday, hitting $17.27. 7,370,000 shares of the stock traded hands, compared to its average volume of 7,320,000. The company has a market capitalization of $4,290.00, a P/E ratio of -82.24 and a beta of 0.91. 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 Corporation has a 52-week low of $15.33 and a 52-week high of $36.40.

Range Resources (NYSE:RRC) last issued its quarterly earnings data on Tuesday, October 24th. The oil and gas exploration company reported $0.05 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $482.20 million during the quarter, compared to the consensus estimate of $543.16 million. During the same period in the prior year, the firm posted ($0.06) earnings per share. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. equities research analysts expect that Range Resources Corporation will post 0.44 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Thursday, December 14th. Range Resources’s payout ratio is currently -38.10%.

RRC has been the topic of several recent analyst reports. Bank of America cut shares of Range Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, January 4th. Barclays reaffirmed a “buy” rating and issued a $19.00 price target on shares of Range Resources in a report on Sunday, December 24th. Credit Suisse Group assumed coverage on shares of Range Resources in a report on Monday, December 11th. They issued an “outperform” rating and a $24.00 price target on the stock. SunTrust Banks reaffirmed a “hold” rating and issued a $20.00 price target on shares of Range Resources in a report on Friday, December 8th. Finally, ValuEngine raised shares of Range Resources from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Range Resources presently has a consensus rating of “Buy” and a consensus target price of $30.02.

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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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