Bruni J V & Co. Co. Grows Holdings in Range Resources Corp. (RRC)

Bruni J V & Co. Co. grew its position in shares of Range Resources Corp. (NYSE:RRC) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,196,375 shares of the oil and gas exploration company’s stock after purchasing an additional 15,940 shares during the period. Range Resources makes up about 2.4% of Bruni J V & Co. Co.’s holdings, making the stock its 15th largest holding. Bruni J V & Co. Co.’s holdings in Range Resources were worth $13,447,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in RRC. BlackRock Inc. raised its stake in shares of Range Resources by 4.1% in the fourth quarter. BlackRock Inc. now owns 19,457,675 shares of the oil and gas exploration company’s stock valued at $186,211,000 after acquiring an additional 771,511 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Range Resources by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,655,071 shares of the oil and gas exploration company’s stock valued at $92,401,000 after acquiring an additional 461,780 shares in the last quarter. Investec Asset Management LTD acquired a new stake in shares of Range Resources in the fourth quarter valued at $90,825,000. ANTIPODES PARTNERS Ltd raised its stake in shares of Range Resources by 18.5% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 7,424,165 shares of the oil and gas exploration company’s stock valued at $71,049,000 after acquiring an additional 1,159,864 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Range Resources by 9,258.5% in the fourth quarter. FMR LLC now owns 7,341,074 shares of the oil and gas exploration company’s stock valued at $70,254,000 after acquiring an additional 7,262,631 shares in the last quarter.

Several analysts have recently issued reports on RRC shares. Guggenheim set a $18.00 price objective on Range Resources and gave the company a “buy” rating in a research note on Wednesday, April 10th. Jefferies Financial Group reiterated a “buy” rating and issued a $19.00 price objective on shares of Range Resources in a research note on Wednesday, January 30th. reiterated a “buy” rating and issued a $13.00 price objective on shares of Range Resources in a research note on Tuesday, February 12th. Credit Suisse Group set a $16.00 price objective on Range Resources and gave the company a “buy” rating in a research note on Tuesday, February 26th. Finally, B. Riley set a $21.00 price objective on Range Resources and gave the company a “buy” rating in a research note on Tuesday, February 26th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten 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 $17.15.

In other Range Resources news, CFO Mark Scucchi bought 11,100 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were purchased at an average price of $9.04 per share, with a total value of $100,344.00. Following the completion of the acquisition, the chief financial officer now directly owns 3,068 shares of the company’s stock, valued at approximately $27,734.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven D. Gray acquired 20,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were purchased at an average cost of $10.95 per share, for a total transaction of $219,000.00. Following the acquisition, the director now owns 7,804 shares of the company’s stock, valued at approximately $85,453.80. The disclosure for this purchase can be found here. Insiders purchased 61,100 shares of company stock worth $592,744 in the last three months. 0.35% of the stock is currently owned by corporate insiders.

NYSE:RRC opened at $9.59 on Monday. The firm has a market capitalization of $2.41 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.54 and a current ratio of 0.58. Range Resources Corp. has a 12 month low of $8.49 and a 12 month high of $18.59.

Range Resources (NYSE:RRC) last posted its earnings results on Monday, April 22nd. The oil and gas exploration company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.24 by $0.12. The firm had revenue of $748.13 million for the quarter, compared to analyst estimates of $789.65 million. Range Resources had a positive return on equity of 5.23% and a negative net margin of 54.57%. Range Resources’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. Analysts predict that Range Resources Corp. will post 0.62 EPS for the current fiscal year.

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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.

Further Reading: Outstanding Shares and The Effect on Share Price

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

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