Sailingstone Capital Partners Has Increased Range Res (RRC) Holding By $6.52 Million, Profile of 18 Analysts Covering Rio Tinto plc (LON:RIO)

June 20, 2017 - By Vivian Currie

Sailingstone Capital Partners Llc increased Range Res Corp (RRC) stake by 1.09% reported in 2016Q4 SEC filing. Sailingstone Capital Partners Llc acquired 191,673 shares as Range Res Corp (RRC)’s stock declined 18.29%. The Sailingstone Capital Partners Llc holds 17.72M shares with $608.92 million value, up from 17.53 million last quarter. Range Res Corp now has $5.11 billion valuation. The stock declined 2.05% or $0.45 reaching $21.74 on the news. About 2.77M shares traded. Range Resources Corp. (NYSE:RRC) has declined 36.05% since June 20, 2016 and is downtrending. It has underperformed by 52.75% the S&P500.

Among 29 analysts covering Rio Tinto PLC (LON:RIO), 18 have Buy rating, 2 Sell and 9 Hold. Therefore 62% are positive. Rio Tinto PLC had 456 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Liberum Capital with “Sell” on Friday, May 26. The stock has “Buy” rating by Canaccord Genuity on Thursday, February 11. BNP Paribas maintained Rio Tinto plc (LON:RIO) on Thursday, August 4 with “Neutral” rating. The stock of Rio Tinto plc (LON:RIO) earned “Outperform” rating by RBC Capital Markets on Friday, April 28. The firm has “Outperform” rating given on Thursday, February 18 by Bernstein. The firm has “Neutral” rating given on Monday, July 18 by Credit Suisse. BNP Paribas maintained the stock with “Neutral” rating in Monday, August 10 report. Credit Suisse maintained the shares of RIO in report on Tuesday, September 22 with “Neutral” rating. As per Monday, February 8, the company rating was maintained by Deutsche Bank. The stock of Rio Tinto plc (LON:RIO) has “Outperform” rating given on Monday, November 9 by Bernstein. See Rio Tinto plc (LON:RIO) latest ratings:

19/06/2017 Broker: Citigroup Rating: Buy New Target: GBX 3400.00 Maintain
19/06/2017 Broker: Macquarie Research Rating: Outperform New Target: GBX 4000.00 Maintain
16/06/2017 Broker: Barclays Capital Rating: Overweight Old Target: GBX 4300.00 New Target: GBX 4300.00 Maintain
13/06/2017 Broker: Macquarie Research Rating: Outperform Old Target: GBX 4100.00 New Target: GBX 4100.00 Maintain
08/06/2017 Broker: Jefferies Rating: Buy Old Target: GBX 3800.00 New Target: GBX 3700.00 Maintain
26/05/2017 Broker: Liberum Capital Rating: Sell Maintain
22/05/2017 Broker: JP Morgan Rating: Overweight Old Target: GBX 4150.00 New Target: GBX 4150.00 Maintain
15/05/2017 Broker: Jefferies Rating: Buy Old Target: GBX 3800.00 New Target: GBX 3800.00 Maintain
12/05/2017 Broker: Macquarie Research Rating: Outperform New Target: GBX 4100.00 Maintain
10/05/2017 Broker: Liberum Capital Rating: Sell Old Target: GBX 2400.00 New Target: GBX 2400.00 Maintain

The stock decreased 2.85% or GBX 88 on June 20, reaching GBX 3000. About 4.41 million shares traded. Rio Tinto plc (LON:RIO) has 0.00% since June 20, 2016 and is . It has underperformed by 16.70% the S&P500.

Rio Tinto plc is a mining and metals company. The company has market cap of 56.32 billion GBP. The Company’s business is finding, mining and processing mineral resources. It has a 14.97 P/E ratio. The Company’s divisions include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations.

Sailingstone Capital Partners Llc decreased Advantage Oil & Gas Ltd (NYSE:AAV) stake by 3.21 million shares to 4.69M valued at $31.86M in 2016Q4. It also reduced Sociedad Quimica Minera De C (NYSE:SQM) stake by 6.46M shares and now owns 17.42 million shares. Hudbay Minerals Inc (NYSE:HBM) was reduced too.

Among 34 analysts covering Range Resources Corp. (NYSE:RRC), 23 have Buy rating, 2 Sell and 9 Hold. Therefore 68% are positive. Range Resources Corp. had 90 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse maintained it with “Outperform” rating and $49 target in Wednesday, September 21 report. The rating was maintained by Deutsche Bank on Friday, March 11 with “Hold”. The rating was maintained by Jefferies with “Buy” on Friday, April 7. Cantor Fitzgerald maintained Range Resources Corp. (NYSE:RRC) on Monday, September 7 with “Under Review” rating. The stock has “Sector Perform” rating by Howard Weil on Monday, December 14. The firm earned “Overweight” rating on Monday, August 3 by Barclays Capital. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, May 2. Raymond James downgraded the shares of RRC in report on Tuesday, March 22 to “Market Perform” rating. The firm has “Neutral” rating by Citigroup given on Monday, September 14. Deutsche Bank maintained the shares of RRC in report on Tuesday, June 14 with “Hold” rating.

Since January 3, 2017, it had 2 buys, and 7 sales for $3.40 million activity. On Friday, March 17 the insider HELMS CHRISTOPHER A bought $109,820. Shares for $91,832 were bought by FUNK JAMES M. MANNY ROGER S had sold 20,000 shares worth $652,000. Another trade for 577 shares valued at $13,369 was made by Farquharson Alan W on Friday, June 9. $448,380 worth of Range Resources Corp. (NYSE:RRC) was sold by Walker Ray N JR on Tuesday, January 3. STEPHENS CHAD L also sold $662,493 worth of Range Resources Corp. (NYSE:RRC) on Friday, May 26. The insider VENTURA JEFFREY L sold $1.58M.

Investors sentiment decreased to 1.2 in 2016 Q4. Its down 0.81, from 2.01 in 2016Q3. It dropped, as 57 investors sold RRC shares while 127 reduced holdings. 60 funds opened positions while 160 raised stakes. 216.83 million shares or 6.80% more from 203.02 million shares in 2016Q3 were reported. Pitcairn accumulated 7,959 shares. Tcw Group Inc holds 13,850 shares. 305 are held by Cornerstone Advsrs. Gateway Advisers Limited Liability Company invested in 13,072 shares. Chevy Chase Trust Inc invested in 0.23% or 1.24M shares. Penn Mutual Life Ins owns 16,000 shares or 0.44% of their US portfolio. 11,364 were accumulated by Amalgamated Bank. Moreover, Livforsakringsbolaget Skandia Omsesidigt has 0.03% invested in Range Resources Corp. (NYSE:RRC). D E Shaw & Inc accumulated 0.02% or 279,637 shares. Parkside Fincl Bank And Tru accumulated 140 shares. 1,830 are owned by Winslow Evans And Crocker Incorporated. Qs Investors Ltd Liability Co stated it has 2,309 shares. The Wisconsin-based Oarsman Cap Inc has invested 1.59% in Range Resources Corp. (NYSE:RRC). Cambridge Com accumulated 11,712 shares. Barrow Hanley Mewhinney & Strauss Lc stated it has 1.68 million shares.

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