Economy

Cwm, LLC Increases Its Investment in Range Resources Corporation (RRC) Stock

According to Range Resources Corporation's latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 96.17%. Stephens Inc. AR now owns 7,728 shares of the oil and gas exploration company's stock worth $179,000 after purchasing an additional 412 shares during the period. Public Sector Pension investment Board's holdings in Range Resources Corp. were worth $476,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in RRC. State Street Corp raised its holdings in Range Resources Corp.by 15.0% during the 2nd quarter. The stock is now moving below its 20-Day Simple Moving Average of -3.58% with a 50-Day Simple Moving Average of 2.25 percent. Matthew 25 Management Corp increased its holdings in Range Resources Corporation by 166.7% during the 2nd quarter. Davenport & Co LLC now controls 12,570 shares with a value of $245,995,000. After $0.28 actual earnings per share reported by Range Resources Corp. for the previous quarter, Wall Street now forecasts -92.86% negative EPS growth. UBS Oconnor LLC now owns 2,273,650 shares of the oil and gas exploration company's stock worth $52,680,000 after buying an additional 1,618,250 shares during the period.

Range Resources Corporation (NYSE:RRC) received a Buy rating from 5 analysts. Ameritas Investment Partners Inc. now owns 5,001 shares of the oil and gas exploration company's stock worth $145,000 after purchasing an additional 4,494 shares during the period. The Company's investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-agency residential mortgage-backed securities (RMBS), multi-family commercial mortgage-backed securities, preferred equity and joint venture equity investments in, and mezzanine loans to, owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and agency RMBS.

Among 37 analysts covering Range Resources Corp. (NYSE:RRC). Vanguard Gp, a Pennsylvania-based fund reported 23.20M shares. Royal Bank Of Canada set a $44.00 price objective on Range Resources Corporation and gave the stock a "buy" rating in a research note on Saturday, June 3rd.

Three months ago, on the other hand, the average analyst rating for Range Resources Corporation (RRC) was a Moderate Buy - from a survey of 22 analysts. On October 11 the stock rating was upgraded to "Overweight" from "Underweight" by Barclays. The stock now has a consensus rating of "Buy" and an average target price of $33.80. On Monday, October 31 the stock rating was upgraded by Goldman Sachs to "Buy". The shares were purchased at an average price of $16.81 per share, for a total transaction of $252,150.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary Ralph Lowe acquired 10,000 shares of the business's stock in a transaction that occurred on Friday, August 4th. The stock was bought at an average cost of $17.99 per share, with a total value of $179,900.00. Following the purchase, the director now directly owns 25,413 shares of the company's stock, valued at $457,179.87. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company's stock.

Denbury Resources Inc. (DNR) knifed 0 percent lower and now trades for $1.2. The company's P/E (price to earnings) ratio is 279.41 and Forward P/E ratio of 27.78.

The company is down from yesterday's close of 19.51. Range Resources Corporation has had 3 insider trades in the last 3 months, including 3 open market buys and 0 sells. (NYSE:RRC) rating on Tuesday, July 11. Among active positions in the latest quarter, 264 holders increased their positions by a total of 35.99 million shares, 187 holders decreased the positions by a total of 27.63 million shares, and 56 holders held their positions. The other 26, though not evenly; between analysts who think you should buy Range Resources Corporation versus those who think you should sell it. Whereas, in last 21 trading days (one month) was moved up 1.62% and slashed in last 63 trading days (quarter) of -13.86%. The correct version of this report can be read at https://weekherald.com/2017/10/20/range-resources-corp-rrc-expected-to-post-q1-2018-earnings-of-0-20-per-share.html.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stifel Nicolaus maintained it with "Buy" rating and $49.0 target in Friday, September 15 report. The firm has "Buy" rating by RBC Capital Markets given on Thursday, September 7. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.42%. The Firm 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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