Welch Capital Partners Holding in Range Resources (RRC) Boosted as Stock Price Declined; Holder Stonehill Capital Management Raised Northern Oil & Gas Common (NOG) Holding

April 26, 2018 - By Linda Rogers

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Stonehill Capital Management Llc increased its stake in Northern Oil & Gas Inc Common (NOG) by 161.29% based on its latest 2017Q4 regulatory filing with the SEC. Stonehill Capital Management Llc bought 1.25M shares as the company’s stock rose 5.95% while stock markets declined. The hedge fund held 2.03M shares of the energy company at the end of 2017Q4, valued at $4.15M, up from 775,000 at the end of the previous reported quarter. Stonehill Capital Management Llc who had been investing in Northern Oil & Gas Inc Common for a number of months, seems to be bullish on the $203.85M market cap company. The stock decreased 0.92% or $0.015 during the last trading session, reaching $1.615. About 1.30 million shares traded. Northern Oil and Gas, Inc. (NYSEMKT:NOG) has declined 27.35% since April 26, 2017 and is downtrending. It has underperformed by 38.90% the S&P500.

Leighton Welch increased its stake in Range Resources Corp (RRC) by 107.6% based on its latest 2017Q4 regulatory filing with the SEC. Welch Capital Partners Llc bought 61,760 shares as the company’s stock declined 13.12% with the market. The hedge fund run by Leighton Welch held 119,160 shares of the oil & gas production company at the end of 2017Q4, valued at $2.03M, up from 57,400 at the end of the previous reported quarter. Welch Capital Partners Llc who had been investing in Range Resources Corp for a number of months, seems to be bullish on the $3.43B market cap company. The stock increased 3.03% or $0.41 during the last trading session, reaching $13.95. About 9.17 million shares traded or 7.42% up from the average. Range Resources Corporation (NYSE:RRC) has declined 48.60% since April 26, 2017 and is downtrending. It has underperformed by 60.15% the S&P500.

Among 45 analysts covering Range Resources Corp. (NYSE:RRC), 23 have Buy rating, 3 Sell and 19 Hold. Therefore 51% are positive. Range Resources Corp. had 153 analyst reports since July 21, 2015 according to SRatingsIntel. FBR Capital initiated the shares of RRC in report on Monday, February 5 with “Hold” rating. The rating was maintained by Piper Jaffray on Wednesday, March 14 with “Buy”. The stock has “Underweight” rating by Morgan Stanley on Wednesday, January 24. The firm has “Sector Perform” rating by Howard Weil given on Monday, December 14. On Sunday, August 20 the stock rating was maintained by Cowen & Co with “Buy”. As per Friday, March 11, the company rating was maintained by Deutsche Bank. The company was maintained on Monday, November 13 by KeyBanc Capital Markets. The rating was maintained by Citigroup on Thursday, April 7 with “Buy”. On Friday, August 11 the stock rating was maintained by Robert W. Baird with “Neutral”. Cowen & Co maintained Range Resources Corporation (NYSE:RRC) rating on Wednesday, September 27. Cowen & Co has “Buy” rating and $30.0 target.

Welch Capital Partners Llc, which manages about $347.76 million and $280.75M US Long portfolio, decreased its stake in Palo Alto Networks Inc. (NYSE:PANW) by 12,414 shares to 29,955 shares, valued at $4.34M in 2017Q4, according to the filing. It also reduced its holding in Paypal Inc by 37,920 shares in the quarter, leaving it with 123,050 shares, and cut its stake in Cl C.

Investors sentiment decreased to 1.08 in Q4 2017. Its down 0.27, from 1.35 in 2017Q3. It dived, as 51 investors sold RRC shares while 119 reduced holdings. 58 funds opened positions while 125 raised stakes. 230.02 million shares or 7.28% less from 248.08 million shares in 2017Q3 were reported. Sumitomo Mitsui Trust reported 731,211 shares. The New York-based Garrison Bradford has invested 0.37% in Range Resources Corporation (NYSE:RRC). Jennison Assocs Ltd Llc has invested 0.02% in Range Resources Corporation (NYSE:RRC). The Quebec – Canada-based Caisse De Depot Et Placement Du Quebec has invested 0% in Range Resources Corporation (NYSE:RRC). Westpac Corp reported 10,495 shares or 0% of all its holdings. Rockefeller Fincl Service reported 0.1% of its portfolio in Range Resources Corporation (NYSE:RRC). Brown Advisory has invested 0% in Range Resources Corporation (NYSE:RRC). Denver Invest Advsrs Ltd Limited Liability Company has invested 0.1% of its portfolio in Range Resources Corporation (NYSE:RRC). Ww Asset Management Incorporated accumulated 17,762 shares. 26,000 were accumulated by Trellus Mngmt Ltd Llc. Stephens Inc Ar holds 0% in Range Resources Corporation (NYSE:RRC) or 5,631 shares. Federated Pa holds 0% or 1,280 shares in its portfolio. Wellington Shields Management Limited Liability Corporation holds 29,809 shares. Mitsubishi Ufj & Banking Corp accumulated 484,062 shares or 0.01% of the stock. Serv Automobile Association has 69,997 shares for 0% of their portfolio.

Since December 12, 2017, it had 1 insider purchase, and 2 sales for $51,775 activity. 2,897 shares were sold by DUB ANTHONY V, worth $46,533. $500,609 worth of Range Resources Corporation (NYSE:RRC) was bought by PALKO STEFFEN E.

Among 4 analysts covering Northern Oil & Gas (NYSEMKT:NOG), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Northern Oil & Gas had 10 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Northern Oil and Gas, Inc. (NYSEAMERICAN:NOG) earned “Sector Perform” rating by RBC Capital Markets on Thursday, December 15. Cowen & Co downgraded Northern Oil and Gas, Inc. (NYSEAMERICAN:NOG) rating on Tuesday, September 8. Cowen & Co has “Underperform” rating and $4 target. The company was maintained on Friday, May 20 by Wunderlich.

Range Resources Corporation (NYSE:RRC) Institutional Positions Chart

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