Schaller Investment Group Inc Exits Position in Range Resources Corp. (RRC)

Range Resources Corp. (RRC) : Schaller Investment Group Inc has sold out all of its stake in Range Resources Corp. during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 57,400 shares of Range Resources Corp. which is valued at $2,224,250.

Other Hedge Funds, Including , Bessemer Group Inc boosted its stake in RRC in the latest quarter, The investment management firm added 6,339 additional shares and now holds a total of 1,375,331 shares of Range Resources Corp. which is valued at $53,294,076. Range Resources Corp. makes up approx 0.29% of Bessemer Group Inc’s portfolio. Hanseatic Management Services Inc added RRC to its portfolio by purchasing 23,720 company shares during the most recent quarter which is valued at $949,037. Range Resources Corp. makes up approx 0.34% of Hanseatic Management Services Inc’s portfolio. Texan Capital Management sold out all of its stake in RRC during the most recent quarter. The investment firm sold 25,121 shares of RRC which is valued $1,020,917. Herndon Capital Management added RRC to its portfolio by purchasing 16 company shares during the most recent quarter which is valued at $645.Winslow Evans Crocker reduced its stake in RRC by selling 284 shares or 10.14% in the most recent quarter. The Hedge Fund company now holds 2,516 shares of RRC which is valued at $103,483. Range Resources Corp. makes up approx 0.03% of Winslow Evans Crocker’s portfolio.

Range Resources Corp. opened for trading at $39.28 and hit $41.5 on the upside on Tuesday, eventually ending the session at $41.26, with a gain of 4.64% or 1.83 points. The heightened volatility saw the trading volume jump to 30,89,130 shares. Company has a market cap of $7,018 M.

On the company’s financial health, Range Resources Corp. reported $-0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.19. The company had revenue of $331.40 million for the quarter, compared to analysts expectations of $319.11 million. The company’s revenue was down -28.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on Range Resources Corp.. Range Resources Corp. was Upgraded by KLR Group to ” Buy” on Jul 28, 2016. Company shares were Upgraded by Imperial Capital on Jul 14, 2016 to ” Outperform”, Firm has raised the Price Target to $ 55 from a previous price target of $45 .Stifel Upgraded Range Resources Corp. on Jul 8, 2016 to ” Buy”, Price Target of the shares are set at $52.

Range Resources Corporation (Range) is an independent natural gas natural gas liquids (NGLs) and oil company. The Company is engaged in the engaged in the exploration development and acquisition of natural gas and oil properties mostly in the Appalachian and Midcontinent regions of the United States. The Company’s properties consist of interests in developed and undeveloped natural gas and oil leases in these regions. These interests are mostly in the form of working interests and to a lesser extent royalty and overriding royalty interests. The Company’s activities in the Midcontinent region include drilling production and field operations in the Texas Panhandle as well as in the Anadarko Basin of western Oklahoma the Nemaha Uplift of northern Oklahoma and Kansas the Permian Basin of West Texas and Mississippi.

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