Range Resources Corporation (RRC) Position Boosted by Investec Asset Management LTD

Investec Asset Management LTD boosted its position in shares of Range Resources Corporation (NYSE:RRC) by 16.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 453,401 shares of the oil and gas exploration company’s stock after buying an additional 64,221 shares during the period. Investec Asset Management LTD’s holdings in Range Resources Corporation were worth $15,579,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Asset Management Company LTD increased its stake in Range Resources Corporation by 1.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 13,420 shares of the oil and gas exploration company’s stock worth $578,000 after buying an additional 145 shares during the period. Hanlon Investment Management Inc. acquired a new stake in Range Resources Corporation during the second quarter worth $4,878,000. Bank of The West acquired a new stake in Range Resources Corporation during the second quarter worth $263,000. Airain ltd acquired a new stake in Range Resources Corporation during the second quarter worth $1,488,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in Range Resources Corporation during the second quarter worth $223,000. Institutional investors own 87.70% of the company’s stock.

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

Shares of Range Resources Corporation (NYSE:RRC) traded up 0.37% during mid-day trading on Tuesday, reaching $32.65. The company’s stock had a trading volume of 1,978,506 shares. The firm’s market cap is $7.96 billion. The firm has a 50 day moving average price of $33.70 and a 200 day moving average price of $36.55. Range Resources Corporation has a 52-week low of $21.69 and a 52-week high of $46.96.

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Several equities analysts recently commented on the stock. Scotiabank reiterated a “buy” rating and set a $49.00 price target on shares of Range Resources Corporation in a report on Monday, February 6th. R. F. Lafferty assumed coverage on shares of Range Resources Corporation in a report on Wednesday, January 25th. They set a “buy” rating and a $58.00 price target on the stock. Instinet upgraded shares of Range Resources Corporation from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Monday, February 6th. Nomura upgraded shares of Range Resources Corporation from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Monday, February 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Range Resources Corporation from a “buy” rating to a “hold” rating in a report on Thursday, January 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-four have given a buy rating to the company. Range Resources Corporation presently has a consensus rating of “Buy” and a consensus price target of $45.67.

Range Resources Corporation Company Profile

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company operates through the exploration and production of natural gas, NGLs and oil in the United States segment. The Company is engaged in the exploration, development and acquisition of natural gas and oil properties, focused in the Appalachian region of the United States.

5 Day Chart for NYSE:RRC

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