Wetherby Asset Management Inc. Invests $39,000 in Range Resources Corp. (NYSE:RRC)

Share on StockTwits

Wetherby Asset Management Inc. bought a new position in Range Resources Corp. (NYSE:RRC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,320 shares of the oil and gas exploration company’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Comerica Bank grew its stake in shares of Range Resources by 54.3% in the 3rd quarter. Comerica Bank now owns 231,430 shares of the oil and gas exploration company’s stock worth $882,000 after acquiring an additional 81,428 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Range Resources by 41.0% in the 3rd quarter. California Public Employees Retirement System now owns 391,622 shares of the oil and gas exploration company’s stock worth $1,496,000 after acquiring an additional 113,856 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Range Resources in the 3rd quarter worth $39,000. State of Tennessee Treasury Department grew its stake in shares of Range Resources by 4.7% in the 3rd quarter. State of Tennessee Treasury Department now owns 97,980 shares of the oil and gas exploration company’s stock worth $374,000 after acquiring an additional 4,443 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Range Resources in the 3rd quarter worth $109,000.

RRC traded up $0.16 during trading on Friday, hitting $4.67. 8,509,622 shares of the company traded hands, compared to its average volume of 10,022,991. The firm has a market cap of $1.14 billion, a P/E ratio of 4.13, a price-to-earnings-growth ratio of 3.96 and a beta of 1.02. The stock’s fifty day moving average is $3.99 and its 200 day moving average is $5.78. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 0.75. Range Resources Corp. has a one year low of $3.26 and a one year high of $18.36.

Range Resources (NYSE:RRC) last posted its quarterly earnings results on Wednesday, October 23rd. The oil and gas exploration company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.03. The company had revenue of $622.45 million during the quarter, compared to analyst estimates of $594.94 million. Range Resources had a negative net margin of 50.85% and a positive return on equity of 3.14%. The firm’s revenue for the quarter was down 23.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share. On average, equities research analysts forecast that Range Resources Corp. will post 0.28 EPS for the current fiscal year.

RRC has been the subject of several recent analyst reports. ValuEngine upgraded shares of Range Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Credit Suisse Group lowered shares of Range Resources from an “outperform” rating to a “neutral” rating in a research report on Friday, October 4th. MKM Partners upgraded shares of Range Resources from a “neutral” rating to a “buy” rating and set a $6.00 price target for the company in a research report on Monday, August 19th. Bank of America reduced their price target on shares of Range Resources from $8.00 to $4.00 and set an “underperform” rating for the company in a research report on Thursday, October 24th. Finally, Susquehanna Bancshares reduced their price target on shares of Range Resources from $11.00 to $8.50 and set a “positive” rating for the company in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $10.61.

In other Range Resources news, Director Margaret K. Dorman bought 20,500 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was purchased at an average price of $3.40 per share, for a total transaction of $69,700.00. Following the completion of the transaction, the director now directly owns 57,233 shares of the company’s stock, valued at $194,592.20. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark Scucchi bought 12,955 shares of the business’s stock in a transaction on Monday, August 12th. The shares were acquired at an average price of $4.36 per share, with a total value of $56,483.80. Following the transaction, the chief financial officer now directly owns 14,149 shares of the company’s stock, valued at $61,689.64. The disclosure for this purchase can be found here. 0.35% of the stock is owned by company insiders.

About Range Resources

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.

Recommended Story: What is the 52-week high/low?

Want to see what other hedge funds are holding RRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Range Resources Corp. (NYSE:RRC).

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

Receive News & Ratings for Range Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Range Resources and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Wedge Capital Management L L P NC Has $145,000 Stake in Cott Corp
Wedge Capital Management L L P NC Has $145,000 Stake in Cott Corp
Parallel Advisors LLC Boosts Stock Position in First American Financial Corp
Parallel Advisors LLC Boosts Stock Position in First American Financial Corp
Parallel Advisors LLC Boosts Stock Holdings in Charter Communications Inc
Parallel Advisors LLC Boosts Stock Holdings in Charter Communications Inc
Strategic Wealth Advisors Group LLC Purchases 2,822 Shares of iShares Short-Term Corporate Bond ETF
Strategic Wealth Advisors Group LLC Purchases 2,822 Shares of iShares Short-Term Corporate Bond ETF
Synovus Financial Corp Purchases 4,628 Shares of EnerSys
Synovus Financial Corp Purchases 4,628 Shares of EnerSys
Wetherby Asset Management Inc. Invests $39,000 in Range Resources Corp.
Wetherby Asset Management Inc. Invests $39,000 in Range Resources Corp.


© 2006-2019 Ticker Report