Candriam Luxembourg S.C.A. grew its holdings in shares of Range Resources Corp. (NYSE:RRC) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 414,897 shares of the oil and gas exploration company’s stock after purchasing an additional 14,865 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Range Resources were worth $7,078,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ameritas Investment Partners Inc. increased its stake in Range Resources by 1.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock worth $117,000 after purchasing an additional 64 shares during the period. MHI Funds LLC purchased a new stake in Range Resources during the fourth quarter worth about $122,000. Jolley Asset Management LLC purchased a new stake in Range Resources during the fourth quarter worth about $125,000. Westwood Holdings Group Inc. increased its stake in Range Resources by 240.4% during the second quarter. Westwood Holdings Group Inc. now owns 8,850 shares of the oil and gas exploration company’s stock worth $205,000 after purchasing an additional 6,250 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in Range Resources during the fourth quarter worth about $192,000. Institutional investors own 95.64% of the company’s stock.

Range Resources Corp. (NYSE:RRC) opened at $13.14 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $3,158.81, a P/E ratio of 35.36, a P/E/G ratio of 0.78 and a beta of 0.68. Range Resources Corp. has a fifty-two week low of $11.93 and a fifty-two week high of $33.57.

A number of analysts have issued reports on RRC shares. Barclays reiterated a “buy” rating and set a $19.00 price target on shares of Range Resources in a research note on Sunday, December 24th. Cowen set a $25.00 price target on shares of Range Resources and gave the stock a “buy” rating in a research note on Thursday, January 18th. Scotiabank set a $27.00 price target on shares of Range Resources and gave the stock a “buy” rating in a research note on Saturday, November 25th. BMO Capital Markets set a $30.00 price target on shares of Range Resources and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Finally, Zacks Investment Research upgraded shares of Range Resources from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Friday, October 20th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $25.59.

In related news, CFO Roger S. Manny sold 10,757 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $16.42, for a total value of $176,629.94. Following the completion of the transaction, the chief financial officer now directly owns 143,703 shares of the company’s stock, valued at $2,359,603.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steffen E. Palko purchased 34,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was acquired at an average cost of $14.72 per share, with a total value of $500,480.00. Following the completion of the acquisition, the director now directly owns 61,267 shares of the company’s stock, valued at $901,850.24. The disclosure for this purchase can be found here. Insiders sold 44,574 shares of company stock valued at $729,007 over the last ninety days. 2.40% of the stock is currently owned by corporate insiders.

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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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