The Zweig DiMenna Associates LLC Buys Shares of 176,268 Range Resources Corporation (RRC), Report finds

The Zweig DiMenna Associates LLC Buys Shares of 176,268 Range Resources Corporation (RRC), Report finds

Several other large investors have also recently bought and sold shares of the stock. CENTRAL TRUST Co boosted its position in Range Resources Corporation by 997.2% in the third quarter. CENTRAL TRUST Co now owns 2,743 shares of the oil and gas exploration company’s stock valued at $106,000 after buying an additional 2,493 shares during the last quarter. FNY Managed Accounts LLC bought a new position in Range Resources Corporation during the third quarter valued at approximately $116,000. Victory Capital Management Inc. boosted its position in Range Resources Corporation by 65.7% in the third quarter. Victory Capital Management Inc. now owns 3,590 shares of the oil and gas exploration company’s stock valued at $139,000 after buying an additional 1,423 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Range Resources Corporation by 15.0% in the third quarter. Daiwa Securities Group Inc. now owns 4,600 shares of the oil and gas exploration company’s stock valued at $178,000 after buying an additional 600 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in Range Resources Corporation by 13.6% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 4,769 shares of the oil and gas exploration company’s stock valued at $185,000 after buying an additional 572 shares during the last quarter. Hedge funds and other institutional investors own 86.82% of the company’s stock.

Zweig DiMenna Associates LLC acquired a new stake in shares of Range Resources Corporation (NYSE:RRC) during the third quarter, Holdings Channel reports. The institutional investor acquired 176,268 shares of the oil and gas exploration company’s stock, valued at approximately $6,830,000.

Shares of Range Resources Corporation (NYSE:RRC) opened at 32.89 on Thursday. Range Resources Corporation has a 12-month low of $21.69 and a 12-month high of $46.96. The firm’s market cap is $8.02 billion. The stock’s 50 day moving average price is $33.81 and its 200 day moving average price is $36.75.

Several research analysts recently commented on the company. Imperial Capital lowered their target price on Range Resources Corporation from $55.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Barclays PLC lowered their target price on Range Resources Corporation from $28.00 to $27.00 and set an “underweight” rating for the company in a research note on Thursday, January 26th. Instinet raised Range Resources Corporation from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Monday. Scotiabank reaffirmed a “buy” rating and set a $49.00 price objective on shares of Range Resources Corporation in a research report on Monday. Finally, Nomura raised Range Resources Corporation from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Monday. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have issued a buy rating to the company. Range Resources Corporation presently has a consensus rating of “Buy” and a consensus target price of $45.67.

Range Resources Corporation Company Profile

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company operates through the exploration and production of natural gas, NGLs and oil in the United States segment. The Company is engaged in the exploration, development and acquisition of natural gas and oil properties, focused in the Appalachian region of the United States.

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