Raymond James Financial Services Advisors Inc. Has $907,000 Holdings in Range Resources Corporation (RRC)

Raymond James Financial Services Advisors Inc. raised its stake in shares of Range Resources Corporation (NYSE:RRC) by 72.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,324 shares of the oil and gas exploration company’s stock after purchasing an additional 19,474 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Range Resources were worth $907,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Ameritas Investment Partners Inc. grew its holdings 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 valued at $117,000 after purchasing an additional 64 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Range Resources by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the oil and gas exploration company’s stock valued at $271,000 after purchasing an additional 100 shares during the last quarter. Retirement Systems of Alabama grew its holdings in Range Resources by 0.3% during the second quarter. Retirement Systems of Alabama now owns 91,236 shares of the oil and gas exploration company’s stock valued at $2,114,000 after purchasing an additional 305 shares during the last quarter. M&T Bank Corp grew its holdings in Range Resources by 1.3% during the second quarter. M&T Bank Corp now owns 27,472 shares of the oil and gas exploration company’s stock valued at $639,000 after purchasing an additional 360 shares during the last quarter. Finally, Stephens Inc. AR grew its holdings in Range Resources by 5.6% during the second quarter. Stephens Inc. AR now owns 7,728 shares of the oil and gas exploration company’s stock valued at $179,000 after purchasing an additional 412 shares during the last quarter. Institutional investors own 95.72% of the company’s stock.

Several equities research analysts have recently weighed in on RRC shares. ValuEngine raised Range Resources from a “sell” rating to a “hold” rating in a research report on Friday. Scotiabank set a $27.00 price objective on Range Resources and gave the company a “buy” rating in a research report on Saturday, November 25th. BMO Capital Markets set a $30.00 price objective on Range Resources and gave the company a “buy” rating in a research report on Tuesday, November 14th. KeyCorp reissued a “hold” rating on shares of Range Resources in a research report on Monday, November 13th. Finally, Morgan Stanley reduced their price objective on Range Resources from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.76.

Shares of Range Resources Corporation (NYSE RRC) traded up $0.48 during mid-day trading on Friday, reaching $18.50. The company had a trading volume of 6,942,205 shares, compared to its average volume of 6,087,611. The company has a market capitalization of $4,590.57, a PE ratio of 51.39 and a beta of 0.91. Range Resources Corporation has a 52-week low of $15.99 and a 52-week high of $39.64. 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 issued its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The firm had revenue of $482.20 million during the quarter, compared to analysts’ expectations of $543.16 million. Range Resources had a positive return on equity of 1.63% and a negative net margin of 2.23%. Range Resources’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business earned ($0.06) earnings per share. research analysts anticipate that Range Resources Corporation will post 0.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.43%. Range Resources’s dividend payout ratio (DPR) is currently -38.09%.

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Range Resources Company 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.

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

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