Garrison Bradford & Associates Inc. reduced its stake in shares of Range Resources Corporation (NYSE:RRC) by 16.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,200 shares of the oil and gas exploration company’s stock after selling 5,300 shares during the quarter. Garrison Bradford & Associates Inc.’s holdings in Range Resources were worth $447,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of RRC. State Street Corp boosted its holdings in shares of Range Resources by 15.0% during the second quarter. State Street Corp now owns 13,856,976 shares of the oil and gas exploration company’s stock worth $321,059,000 after purchasing an additional 1,805,404 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Range Resources during the third quarter worth approximately $34,462,000. UBS Oconnor LLC boosted its holdings in shares of Range Resources by 246.9% during the second quarter. UBS Oconnor LLC now owns 2,273,650 shares of the oil and gas exploration company’s stock worth $52,680,000 after purchasing an additional 1,618,250 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Range Resources by 4.4% during the second quarter. Vanguard Group Inc. now owns 23,202,503 shares of the oil and gas exploration company’s stock worth $537,603,000 after purchasing an additional 976,293 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Range Resources by 72.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,322,750 shares of the oil and gas exploration company’s stock worth $53,825,000 after purchasing an additional 973,814 shares during the period.

In related news, Director Anthony V. Dub sold 2,897 shares of the business’s stock in a transaction 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 transaction, the director now owns 96,000 shares of the company’s stock, valued at $1,541,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David P. Poole sold 30,920 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $16.36, for a total transaction of $505,851.20. Following the transaction, the vice president now directly owns 17,647 shares in the company, valued at approximately $288,704.92. The disclosure for this sale can be found here. In the last three months, insiders sold 44,574 shares of company stock worth $729,007. Insiders own 2.40% of the company’s stock.

Several research firms recently commented on RRC. Morgan Stanley decreased their price target on shares of Range Resources from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, October 26th. Scotiabank restated a “buy” rating and set a $30.00 price target on shares of Range Resources in a report on Monday, October 9th. BMO Capital Markets set a $30.00 price target on shares of Range Resources and gave the stock a “buy” rating in a report on Tuesday, November 14th. JPMorgan Chase & Co. cut shares of Range Resources from an “overweight” rating to a “neutral” rating and set a $22.00 price target for the company. in a report on Monday, October 23rd. Finally, SunTrust Banks restated a “hold” rating and set a $20.00 price target on shares of Range Resources in a report on Friday, December 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $29.61.

Range Resources Corporation (NYSE RRC) traded down $0.39 during trading hours on Friday, hitting $16.08. 11,159,611 shares of the stock were exchanged, compared to its average volume of 8,268,730. Range Resources Corporation has a 12 month low of $15.33 and a 12 month high of $36.40. The company has a market capitalization of $3,990.00, a price-to-earnings ratio of -76.57, a price-to-earnings-growth ratio of 1.37 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.47 and a current ratio of 0.50.

Range Resources (NYSE:RRC) last released its quarterly earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 EPS for the quarter, beating the Zacks’ 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 company had revenue of $482.20 million for the quarter, compared to analyst estimates of $543.16 million. During the same quarter last 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. research analysts expect that Range Resources Corporation will post 0.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Thursday, December 14th. Range Resources’s dividend payout ratio is -38.10%.

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About Range Resources

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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