Range Resources Corporation (RRC) Shares Bought by Tortoise Capital Advisors L.L.C.

Tortoise Capital Advisors L.L.C. grew its position in shares of Range Resources Corporation (NYSE:RRC) by 55.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 571,977 shares of the oil and gas exploration company’s stock after buying an additional 203,036 shares during the quarter. Tortoise Capital Advisors L.L.C. owned approximately 0.23% of Range Resources worth $11,194,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of RRC. Louisiana State Employees Retirement System grew its stake 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 worth $271,000 after buying an additional 100 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of Range Resources by 1.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 38,328 shares of the oil and gas exploration company’s stock valued at $888,000 after purchasing an additional 701 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Range Resources by 19.2% during the second quarter. Great West Life Assurance Co. Can now owns 158,103 shares of the oil and gas exploration company’s stock valued at $3,658,000 after purchasing an additional 25,488 shares during the last quarter. Retirement Systems of Alabama grew its stake in shares of 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. Finally, Pictet Asset Management Ltd. grew its stake in shares of Range Resources by 17.4% during the second quarter. Pictet Asset Management Ltd. now owns 127,363 shares of the oil and gas exploration company’s stock valued at $2,937,000 after purchasing an additional 18,900 shares during the last quarter. 95.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Range Resources Corporation (NYSE:RRC) traded down $0.23 during midday trading on Friday, reaching $15.99. 6,072,200 shares of the company traded hands, compared to its average volume of 5,918,257. Range Resources Corporation has a fifty-two week low of $15.91 and a fifty-two week high of $36.40. The firm has a market capitalization of $4,029.78, a price-to-earnings ratio of 45.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.47.

Range Resources (NYSE:RRC) last announced its quarterly earnings data on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $482.20 million for the quarter, compared to analyst estimates of $543.16 million. During the same period in the prior year, the business posted ($0.06) earnings per share. Range Resources’s revenue was up 16.7% compared to the same quarter last year. equities research analysts anticipate that Range Resources Corporation will post 0.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.02 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.08 annualized dividend and a yield of 0.50%. Range Resources’s dividend payout ratio is currently -38.09%.

Several analysts have recently commented on RRC shares. Jefferies Group reissued a “buy” rating and set a $25.00 price target on shares of Range Resources in a research note on Tuesday, October 10th. Scotiabank reissued a “buy” rating and set a $30.00 price target on shares of Range Resources in a research note on Monday, October 9th. Stifel Nicolaus set a $21.00 price target on shares of Range Resources and gave the company a “buy” rating in a research note on Thursday, October 5th. Cowen reissued a “buy” rating and set a $35.00 price target on shares of Range Resources in a research note on Tuesday, August 22nd. Finally, Royal Bank of Canada reissued a “buy” rating and set a $32.00 price target on shares of Range Resources in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $30.98.

In other Range Resources news, CFO Roger S. Manny sold 10,757 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $16.42, for a total value of $176,629.94. Following the sale, the chief financial officer now directly owns 143,703 shares in the company, valued at $2,359,603.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anthony V. Dub sold 2,897 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $16.06, for a total transaction of $46,525.82. Following the completion of the sale, the director now owns 96,000 shares in the company, valued at $1,541,760. The disclosure for this sale can be found here. Insiders sold 44,574 shares of company stock worth $729,007 over the last 90 days. 2.40% of the stock is currently owned by company insiders.

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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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