Creative Planning Purchases 28,109 Shares of Range Resources Corporation (RRC)

Creative Planning raised its position in shares of Range Resources Corporation (NYSE:RRC) by 27.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 128,922 shares of the oil and gas exploration company’s stock after buying an additional 28,109 shares during the period. Creative Planning owned about 0.05% of Range Resources Corporation worth $2,987,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bartlett & Co. LLC boosted its position in shares of Range Resources Corporation by 43.0% in the first quarter. Bartlett & Co. LLC now owns 3,475 shares of the oil and gas exploration company’s stock worth $101,000 after buying an additional 1,045 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of Range Resources Corporation by 7.3% in 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 buying an additional 257 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position 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 worth $119,000 after buying an additional 31 shares during the period. Financial Architects Inc boosted its position in shares of Range Resources Corporation by 28.9% in the first quarter. Financial Architects Inc now owns 4,900 shares of the oil and gas exploration company’s stock worth $143,000 after buying an additional 1,100 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Range Resources Corporation by 886.4% in the first quarter. Ameritas Investment Partners Inc. now owns 5,001 shares of the oil and gas exploration company’s stock worth $145,000 after buying an additional 4,494 shares during the period. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Range Resources Corporation (NYSE:RRC) traded down 2.19% during trading on Tuesday, reaching $16.97. 8,421,421 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $21.71 and its 200-day moving average price is $26.52. Range Resources Corporation has a 52-week low of $16.89 and a 52-week high of $43.60. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 114.66 and a beta of 0.92.

Range Resources Corporation (NYSE:RRC) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.20. Range Resources Corporation had a return on equity of 0.67% and a net margin of 1.75%. The firm had revenue of $565 million during the quarter, compared to analyst estimates of $544.08 million. During the same period in the prior year, the company posted ($1.35) earnings per share. The business’s revenue for the quarter was up 55.8% compared to the same quarter last year. Equities analysts expect that Range Resources Corporation will post $0.55 earnings per share for the current year.

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RRC has been the topic of a number of recent research reports. KLR Group lifted their price target on shares of Range Resources Corporation from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Range Resources Corporation in a research report on Tuesday, April 25th. Scotiabank reaffirmed a “buy” rating and set a $44.00 price target on shares of Range Resources Corporation in a research report on Friday, April 21st. Jefferies Group LLC reaffirmed a “buy” rating and set a $41.00 price target on shares of Range Resources Corporation in a research report on Monday, May 1st. Finally, Evercore ISI raised shares of Range Resources Corporation to a “buy” rating and set a $40.00 price target on the stock in a research report on Wednesday, April 19th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $42.14.

In other Range Resources Corporation news, insider Chad L. Stephens sold 28,744 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $23.05, for a total transaction of $662,549.20. Following the completion of the transaction, the insider now directly owns 106,692 shares in the company, valued at $2,459,250.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Ray N. Walker, Jr. sold 7,200 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $23.17, for a total value of $166,824.00. Following the transaction, the chief operating officer now owns 63,861 shares of the company’s stock, valued at $1,479,659.37. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 15,000 shares of company stock valued at $289,490 and have sold 36,521 shares valued at $842,742. Corporate insiders own 0.42% of the company’s stock.

About Range Resources Corporation

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 Corporation (NYSE:RRC)

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