Amica Mutual Insurance Co. Has $282,000 Position in Range Resources Corp. (RRC)

Amica Mutual Insurance Co. Has $282,000 Position in Range Resources Corp. (RRC)

Amica Mutual Insurance Co. maintained its stake in Range Resources Corp. (NYSE:RRC) during the first quarter, Holdings Channel reports. The institutional investor owned 9,687 shares of the oil and gas exploration company’s stock at the end of the first quarter. Amica Mutual Insurance Co.’s holdings in Range Resources Corp. were worth $282,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Seven Bridges Advisors LLC boosted its stake in Range Resources Corp. by 23.4% in the third quarter. Seven Bridges Advisors LLC now owns 6,044 shares of the oil and gas exploration company’s stock worth $234,000 after buying an additional 1,147 shares during the last quarter. Robert Wood Johnson Foundation acquired a new stake in Range Resources Corp. during the third quarter worth approximately $3,576,000. BRC Investment Management LLC acquired a new stake in Range Resources Corp. during the third quarter worth approximately $676,000. Endurance Wealth Management Inc. boosted its stake in Range Resources Corp. by 0.5% in the third quarter. Endurance Wealth Management Inc. now owns 32,222 shares of the oil and gas exploration company’s stock worth $1,264,000 after buying an additional 150 shares during the last quarter. Finally, DnB Asset Management AS boosted its stake in Range Resources Corp. by 12.1% in the third quarter. DnB Asset Management AS now owns 12,020 shares of the oil and gas exploration company’s stock worth $466,000 after buying an additional 1,300 shares during the last quarter. Institutional investors own 87.70% of the company’s stock.

Shares of Range Resources Corp. (NYSE:RRC) traded up 2.94% on Friday, hitting $26.22. The stock had a trading volume of 6,311,430 shares. The stock’s market capitalization is $6.38 billion. Range Resources Corp. has a 52 week low of $24.67 and a 52 week high of $46.96. The firm has a 50-day moving average price of $27.83 and a 200-day moving average price of $32.00.

Range Resources Corp. (NYSE:RRC) last issued its earnings results on Monday, April 24th. The oil and gas exploration company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.06. The company had revenue of $607 million for the quarter, compared to the consensus estimate of $585.45 million. Range Resources Corp. had a negative return on equity of 13.00% and a negative net margin of 54.13%. The firm’s quarterly revenue was up 83.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.10) EPS. Equities analysts expect that Range Resources Corp. will post $0.79 earnings per share for the current fiscal year.

A number of research firms have recently commented on RRC. R. F. Lafferty began coverage on Range Resources Corp. in a research note on Wednesday, January 25th. They set a “buy” rating and a $58.00 target price on the stock. Barclays PLC lowered their price objective on Range Resources Corp. from $28.00 to $27.00 and set an “underweight” rating on the stock in a research note on Thursday, January 26th. Jefferies Group LLC restated a “buy” rating and issued a $44.00 price objective on shares of Range Resources Corp. in a research note on Wednesday, January 18th. Nomura upgraded Range Resources Corp. from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Monday, February 6th. They noted that the move was a valuation call. Finally, Instinet upgraded Range Resources Corp. from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Monday, February 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $45.29.

In other news, Director Christopher A. Helms acquired 4,000 shares of Range Resources Corp. stock in a transaction on Friday, March 17th. The shares were acquired at an average price of $27.46 per share, with a total value of $109,840.00. Following the purchase, the director now directly owns 15,931 shares in the company, valued at approximately $437,465.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by company insiders.

Range Resources Corp. Company Profile

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the exploration and production of natural gas, NGLs and oil in the United States. It is engaged in the exploration, development and acquisition of natural gas and crude oil properties located primarily in the Appalachian and North Louisiana regions of the United States.

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