KBC Group NV maintained its position in shares of Range Resources Corporation (NYSE:RRC) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,156 shares of the oil and gas exploration company’s stock at the close of the 2nd quarter. KBC Group NV’s holdings in Range Resources Corporation were worth $374,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Range Resources Corporation by 0.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,109 shares of the oil and gas exploration company’s stock valued at $119,000 after buying an additional 31 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Range Resources Corporation by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the oil and gas exploration company’s stock worth $271,000 after buying an additional 100 shares during the period. Capstone Asset Management Co. boosted its stake in Range Resources Corporation by 1.1% in the first quarter. Capstone Asset Management Co. now owns 12,374 shares of the oil and gas exploration company’s stock valued at $360,000 after acquiring an additional 140 shares during the last quarter. Advantus Capital Management Inc lifted its stake in shares of Range Resources Corporation by 1.0% in the 1st quarter. Advantus Capital Management Inc now owns 18,832 shares of the oil and gas exploration company’s stock valued at $548,000 after purchasing an additional 185 shares during the period. Finally, Bronfman E.L. Rothschild L.P. grew its stake in shares of Range Resources Corporation by 7.3% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,756 shares of the oil and gas exploration company’s stock worth $109,000 after purchasing an additional 257 shares during the period. Institutional investors own 95.51% of the company’s stock.
A number of analysts have recently issued reports on the stock. Wolfe Research cut Range Resources Corporation from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $23.00 to $19.00 in a research note on Wednesday. Zacks Investment Research lowered shares of Range Resources Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Piper Jaffray Companies cut their price target on Range Resources Corporation from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price target on shares of Range Resources Corporation in a report on Thursday, September 14th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $32.00 price objective on shares of Range Resources Corporation in a report on Friday, September 8th. Four analysts have rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the company’s stock. Range Resources Corporation presently has a consensus rating of “Buy” and an average price target of $36.22.
In related news, Director Mary Ralph Lowe purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were purchased at an average price of $17.99 per share, for a total transaction of $179,900.00. Following the transaction, the director now directly owns 25,413 shares of the company’s stock, valued at approximately $457,179.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steffen E. Palko acquired 15,000 shares of the stock in a transaction on Thursday, August 10th. The stock was acquired at an average cost of $16.81 per share, for a total transaction of $252,150.00. Following the acquisition, the director now directly owns 27,267 shares in the company, valued at approximately $458,358.27. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 26,000 shares of company stock worth $449,800. 2.40% of the stock is owned by insiders.
Range Resources Corporation (NYSE:RRC) opened at 18.92 on Friday. The stock has a market cap of $4.62 billion, a PE ratio of 127.84 and a beta of 0.94. Range Resources Corporation has a 12-month low of $16.00 and a 12-month high of $40.20. The company’s 50-day moving average price is $17.82 and its 200-day moving average price is $23.24.
Range Resources Corporation (NYSE:RRC) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.08 by $0.20. The business had revenue of $565.00 million during the quarter, compared to analyst estimates of $544.08 million. Range Resources Corporation had a return on equity of 0.67% and a net margin of 1.75%. The company’s quarterly revenue was up 55.8% on a year-over-year basis. During the same period last year, the business posted ($1.35) earnings per share. On average, equities analysts expect that Range Resources Corporation will post $0.50 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.42%. Range Resources Corporation’s dividend payout ratio (DPR) is presently 100.01%.
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Range Resources Corporation 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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