Mitchell Group Inc. Sells 37,610 Shares of Range Resources Corp. (RRC)

Mitchell Group Inc. lowered its stake in Range Resources Corp. (NYSE:RRC) by 4.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 913,130 shares of the oil and gas exploration company’s stock after selling 37,610 shares during the quarter. Range Resources comprises 2.9% of Mitchell Group Inc.’s portfolio, making the stock its 20th biggest holding. Mitchell Group Inc. owned 0.37% of Range Resources worth $15,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Range Resources by 26.4% in the second quarter. BlackRock Inc. now owns 19,759,391 shares of the oil and gas exploration company’s stock worth $330,575,000 after buying an additional 4,132,913 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Range Resources by 12.7% during the second quarter. Dimensional Fund Advisors LP now owns 8,997,480 shares of the oil and gas exploration company’s stock worth $150,530,000 after purchasing an additional 1,014,157 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its position in shares of Range Resources by 54.6% during the second quarter. ANTIPODES PARTNERS Ltd now owns 5,830,315 shares of the oil and gas exploration company’s stock worth $97,541,000 after purchasing an additional 2,058,057 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Range Resources by 3.5% during the third quarter. Fisher Asset Management LLC now owns 2,804,874 shares of the oil and gas exploration company’s stock worth $47,655,000 after purchasing an additional 93,872 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Range Resources by 34.0% during the second quarter. Bank of New York Mellon Corp now owns 2,521,453 shares of the oil and gas exploration company’s stock worth $42,184,000 after purchasing an additional 640,077 shares in the last quarter.

Several analysts recently issued reports on the company. TD Securities increased their target price on Range Resources from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, October 24th. Morgan Stanley set a $17.00 target price on Range Resources and gave the stock a “sell” rating in a research report on Monday. Guggenheim reiterated a “buy” rating and set a $22.00 target price on shares of Range Resources in a research report on Wednesday, October 24th. Piper Jaffray Companies set a $29.00 target price on Range Resources and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Finally, B. Riley increased their target price on Range Resources from $22.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, October 18th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $22.55.

NYSE RRC traded up $0.09 during trading on Tuesday, hitting $15.37. 3,677,645 shares of the stock traded hands, compared to its average volume of 6,946,747. The stock has a market capitalization of $3.95 billion, a PE ratio of 26.50, a P/E/G ratio of 1.13 and a beta of 0.57. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.56 and a quick ratio of 0.53. Range Resources Corp. has a 12-month low of $11.93 and a 12-month high of $19.38.

Range Resources (NYSE:RRC) last released its quarterly earnings results on Tuesday, October 23rd. The oil and gas exploration company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. The business had revenue of $811.20 million during the quarter, compared to analysts’ expectations of $747.06 million. Range Resources had a return on equity of 4.85% and a net margin of 8.28%. The firm’s revenue for the quarter was up 68.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. On average, analysts anticipate that Range Resources Corp. will post 1.03 EPS for the current fiscal year.

Range Resources Company Profile

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana regions of the United States.

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

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