Range Resources Corporation (RRC) Shares Bought by Matthew 25 Management Corp

Matthew 25 Management Corp grew its stake in Range Resources Corporation (NYSE:RRC) by 143.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 195,000 shares of the oil and gas exploration company’s stock after acquiring an additional 115,000 shares during the period. Range Resources Corporation accounts for about 1.1% of Matthew 25 Management Corp’s investment portfolio, making the stock its 16th biggest position. Matthew 25 Management Corp owned approximately 0.08% of Range Resources Corporation worth $3,816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ameritas Investment Partners Inc. raised its stake in shares of Range Resources Corporation by 1.3% in 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 acquiring an additional 64 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Range Resources Corporation by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the oil and gas exploration company’s stock worth $271,000 after acquiring an additional 100 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of Range Resources Corporation by 0.3% in the second quarter. Retirement Systems of Alabama now owns 91,236 shares of the oil and gas exploration company’s stock worth $2,114,000 after acquiring an additional 305 shares during the last quarter. M&T Bank Corp raised its stake in shares of Range Resources Corporation by 1.3% in the second quarter. M&T Bank Corp now owns 27,472 shares of the oil and gas exploration company’s stock worth $639,000 after acquiring an additional 360 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in shares of Range Resources Corporation by 5.6% in the second quarter. Stephens Inc. AR now owns 7,728 shares of the oil and gas exploration company’s stock worth $179,000 after acquiring an additional 412 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

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A number of equities research analysts recently weighed in on RRC shares. KeyCorp reissued a “hold” rating on shares of Range Resources Corporation in a research note on Monday, November 13th. Jefferies Group LLC reissued a “buy” rating and set a $25.00 price target on shares of Range Resources Corporation in a research note on Tuesday, October 10th. BMO Capital Markets set a $30.00 price target on shares of Range Resources Corporation and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Cowen and Company reissued a “buy” rating and set a $35.00 price target on shares of Range Resources Corporation in a research note on Tuesday, August 22nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $20.00 price target on shares of Range Resources Corporation in a research note on Thursday, September 14th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $31.89.

Shares of Range Resources Corporation (RRC) traded up $0.51 during trading hours on Thursday, reaching $17.69. 4,366,000 shares of the company’s stock traded hands, compared to its average volume of 5,875,067. Range Resources Corporation has a 1 year low of $15.99 and a 1 year high of $39.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.47. The company has a market capitalization of $4,263.03, a P/E ratio of 47.72 and a beta of 0.91.

Range Resources Corporation (NYSE:RRC) last issued its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Range Resources Corporation had a negative net margin of 2.23% and a positive return on equity of 1.63%. The firm had revenue of $482.20 million during the quarter, compared to the consensus estimate of $543.16 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. The business’s quarterly revenue was up 16.7% on a year-over-year basis. equities analysts forecast that Range Resources Corporation will post 0.47 earnings per share for the current year.

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

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