Janney Montgomery Scott LLC Reduces Holdings in Range Resources Corporation (NYSE:RRC)

Marco Green
January 19, 2018

Sanders Capital LLC now owns 15,485,365 shares of the oil and gas exploration company's stock valued at $332,679,000 after acquiring an additional 673,214 shares during the period. Schaller Investment Group Inc bought 172,000 shares as the company's stock declined 18.29% while stock markets rallied. The stock increased 3.03% or $4.97 during the last trading session, reaching $168.82. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since January 17, 2017 and is uptrending. It has underperformed by 0.80% the S&P500.

Oslo Asset Management Asa increased its stake in Range Res Corp (RRC) by 16.27% based on its latest 2017Q3 regulatory filing with the SEC. Also, Director Anthony V. Dub sold 2,897 shares of the company's stock in a transaction dated Thursday, December 14th. Schaller Investment Group Inc who had been investing in Range Res Corp for a number of months, seems to be bullish on the $4.06 billion market cap company. The stock decreased 1.01% or $0.17 during the last trading session, reaching $16.61. 5,960,637 shares of the company's stock were exchanged, compared to its average volume of 7,460,000. Range Resources Corporation (NYSE:RRC) has declined 36.05% since January 18, 2017 and is downtrending. It has underperformed by 11.84% the S&P500. Another trade for 30,920 shares valued at $505,851 was made by Poole David P on Tuesday, December 12.

Investors sentiment is 1.35 in Q3 2017. Its the same as in 2017Q2. It is without change, as 55 investors sold RRC shares while 102 reduced holdings. only 52 funds opened positions while 160 raised stakes. 248.08 million shares or 7.58% more from 230.61 million shares in 2017Q2 were reported. Assetmark owns 6 shares or 0% of their USA portfolio. Guardian Life Of America invested in 0% or 510 shares. Walleye Trading Ltd Llc invested 0.02% of its portfolio in Range Resources Corporation (NYSE:RRC). 363,662 are held by Carlson Cap Lp. Cowen & Co maintained Range Resources Corporation (NYSE:RRC) on Friday, November 3 with "Buy" rating. (NYSE:NKE). 39,596 are held by Comml Bank Of The West. Calamos Wealth Lc reported 11,810 shares or 0.08% of all its holdings. 50 are owned by Carroll Assoc. Tarbox Family Office has 19 shares. Chevy Chase Tru holds 0.2% of its portfolio in Range Resources Corporation (NYSE:RRC) for 2.26M shares. Investors of record on Friday, December 15th were issued a dividend of $0.02 per share. UBS upgraded Range Resources Corporation (NYSE:RRC) on Thursday, March 30 to "Buy" rating. M&T Retail Bank owns 23,658 shares for 0% of their portfolio.

The Leverage Ratio of Range Resources Corporation (NYSE:RRC) is 0.346785.

Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for Range Resources Corp (RRC) is sitting at -99.27. The ERP5 Rank is an investment tool that analysts use to discover undervalued companies. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Therefore 100% are positive. The rating was maintained by RBC Capital Markets with "Buy" on Friday, October 13. Raging Mgmt Limited Liability Corp reported 3.48% in Range Resources Corporation (NYSE:RRC). SunTrust Banks restated a "hold" rating and set a $20.00 target price on shares of Range Resources in a research note on Friday, December 8th. Oppenheimer maintained the stock with "Hold" rating in Wednesday, August 30 report. The firm has "Hold" rating by Jefferies given on Friday, November 10. At the moment, the 14-day ATR for American Electric Power Company, Inc.

Investors sentiment decreased to 1.09 in 2017 Q3. Its up 0.06, from 1.11 in 2017Q2. It is negative, as 31 investors sold LII shares while 86 reduced holdings. 54 funds opened positions while 187 raised stakes. During the same quarter in the previous year, the company posted ($0.06) earnings per share. According to their observations and findings, the stock could provide a high EPS of $0.31/share and a low EPS of $-0.08/share. Garrison Bradford & Assoc Inc has 31,500 shares. The return on assets stands at 2.4%, Return on Equity now is 5% and the Return on Investment value is -0.9%. (NYSE:ELS). Employees Retirement Systems Of Ohio accumulated 135,218 shares. Girard Ptnrs has invested 0.31% in NIKE, Inc. Thrivent For Lutherans invested in 0% or 3,530 shares. Fifth Third Bancorp owns 178 shares. Hodges Cap Mngmt reported 22,631 shares. Sg Americas Securities Limited Liability Corp reported 3,726 shares. Oppenheimer & reported 70,876 shares or 0.04% of all its holdings. Barclays Public Limited Co holds 81,890 shares.

The S&P 500 index rose 26.14 points, or 0.9 percent, to 2,802.56. The return on assets (ROA) (aka return on total assets, return on average assets), is one of the most widely used profitability ratios because it is related to both profit margin and asset turnover, and shows the rate of return for both creditors and investors of the company. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. Therefore 60% are positive. Whirlpool had 28 analyst reports since August 13, 2015 according to SRatingsIntel. They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months. (NYSE:NKE) earned "Outperform" rating by Robert W. Baird on Wednesday, September 28. At recent closing price of $16.78, RRC has a chance to add $10.28 or 61.26% in 52 weeks, based on mean target price ($27.06) placed by analysts.The analyst consensus opinion of 2.2 looks like a hold. Robert W. Baird downgraded Equity LifeStyle Properties, Inc. The company was maintained on Monday, October 16 by Robert W. Baird. The rating was initiated by Needham on Tuesday, September 26 with "Hold". The stock has "Neutral" rating by Mizuho on Thursday, October 6.

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