4,650 Shares in Range Resources Corp. (NYSE:RRC) Obtained by Sit Investment Associates Inc.

4,650 Shares in Range Resources Corp. (NYSE:RRC) Obtained by Sit Investment Associates Inc.

Sit Investment Associates Inc. bought a new stake in shares of Range Resources Corp. (NYSE:RRC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,650 shares of the oil and gas exploration company’s stock, valued at approximately $45,000.

Several other hedge funds have also modified their holdings of RRC. Dimensional Fund Advisors LP boosted its holdings in shares of Range Resources by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,193,291 shares of the oil and gas exploration company’s stock valued at $156,194,000 after purchasing an additional 195,811 shares during the last quarter. ANTIPODES PARTNERS Ltd boosted its holdings in shares of Range Resources by 7.4% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 6,264,301 shares of the oil and gas exploration company’s stock valued at $106,430,000 after purchasing an additional 433,986 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Range Resources by 3.5% during the 3rd quarter. Fisher Asset Management LLC now owns 2,804,874 shares of the oil and gas exploration company’s stock valued at $47,655,000 after purchasing an additional 93,872 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Range Resources by 34.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,521,453 shares of the oil and gas exploration company’s stock valued at $42,184,000 after purchasing an additional 640,077 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Range Resources by 29.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,380,486 shares of the oil and gas exploration company’s stock valued at $40,447,000 after buying an additional 538,109 shares in the last quarter.

Shares of NYSE RRC traded up $0.91 during midday trading on Monday, reaching $10.35. 13,230,354 shares of the company’s stock traded hands, compared to its average volume of 8,056,034. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.53 and a current ratio of 0.56. Range Resources Corp. has a one year low of $9.22 and a one year high of $18.59. The company has a market cap of $2.36 billion, a PE ratio of 17.84, a P/E/G ratio of 0.85 and a beta of 1.15.

RRC has been the topic of several recent research reports. Zacks Investment Research cut shares of Range Resources from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. TD Securities upgraded shares of Range Resources from a “hold” rating to a “buy” rating and decreased their target price for the company from $19.00 to $15.00 in a research report on Monday, January 7th. Bank of America cut shares of Range Resources from a “neutral” rating to an “underperform” rating in a research report on Friday, January 4th. Capital One Financial cut shares of Range Resources from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. Finally, Stephens initiated coverage on shares of Range Resources in a research report on Thursday, December 6th. They set an “equal weight” rating and a $21.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $19.01.

Range Resources 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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