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.
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.
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