Range Resources Corporation $RRC Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lowered its stake in Range Resources Corporation (NYSE:RRCFree Report) by 93.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 9,733 shares of the oil and gas exploration company’s stock after selling 132,550 shares during the period. WINTON GROUP Ltd’s holdings in Range Resources were worth $362,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Range Resources during the second quarter worth $868,085,000. Boston Partners lifted its position in shares of Range Resources by 14.0% in the fourth quarter. Boston Partners now owns 13,467,808 shares of the oil and gas exploration company’s stock valued at $474,585,000 after acquiring an additional 1,650,258 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Range Resources by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 9,192,740 shares of the oil and gas exploration company’s stock valued at $415,354,000 after acquiring an additional 227,711 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Range Resources by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 4,337,001 shares of the oil and gas exploration company’s stock valued at $152,971,000 after acquiring an additional 41,078 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC increased its position in Range Resources by 35.9% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 2,721,749 shares of the oil and gas exploration company’s stock worth $122,969,000 after purchasing an additional 718,648 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Insider Activity

In related news, Director Reginal Spiller sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $40.00, for a total value of $140,000.00. Following the completion of the sale, the director directly owned 13,421 shares in the company, valued at approximately $536,840. The trade was a 20.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RRC. Barclays boosted their target price on shares of Range Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 8th. Wells Fargo & Company lowered their price target on shares of Range Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. Morgan Stanley lowered their price target on shares of Range Resources from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday, August 19th. Stephens boosted their price objective on shares of Range Resources from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Finally, Stifel Nicolaus started coverage on shares of Range Resources in a research note on Thursday, September 10th. They set a “hold” rating and a $46.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $44.29.

Check Out Our Latest Stock Report on Range Resources

Range Resources Stock Performance

Range Resources stock opened at $38.88 on Thursday. The stock has a fifty day moving average price of $39.74 and a 200 day moving average price of $40.62. Range Resources Corporation has a 52 week low of $32.68 and a 52 week high of $48.31. The firm has a market capitalization of $9.09 billion, a P/E ratio of 10.74 and a beta of 0.43. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.18.

Range Resources (NYSE:RRCGet Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The oil and gas exploration company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.66 by $0.13. The company had revenue of $759.58 million during the quarter, compared to analysts’ expectations of $744.78 million. Range Resources had a return on equity of 18.63% and a net margin of 25.04%.The firm’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. Equities research analysts anticipate that Range Resources Corporation will post 3.65 earnings per share for the current year.

Range Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.40 annualized dividend and a dividend yield of 1.0%. Range Resources’s dividend payout ratio (DPR) is currently 11.05%.

Range Resources Profile

(Free Report)

Range Resources Corporation (NYSE:RRC) is an independent natural gas, natural gas liquids (NGLs) and oil exploration and production company. Its activities include acquiring, developing and operating unconventional properties, with a primary focus on the Marcellus Shale in the Appalachian Basin.

The company’s production portfolio is centered on natural gas, along with NGLs such as ethane, propane, butane and natural gasoline, as well as condensate and oil. Range Resources also manages related gathering, processing, transportation and marketing activities to move its products from production areas to end markets.

Founded in 1976, Range Resources has built its operations through exploration, development and acquisitions in U.S.

See Also

Want to see what other hedge funds are holding RRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Range Resources Corporation (NYSE:RRCFree Report).

Institutional Ownership by Quarter for Range Resources (NYSE:RRC)

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