Credit Agricole SA Cuts Position in NewJersey Resources Corporation (NJR)

Claudine Rigal
Juillet 6, 2017

46,130 shares of the stock were exchanged. The Company's business is the distribution of natural gas through a regulated utility, which provides other retail and wholesale energy services to customers and investing in clean energy projects and midstream assets.

A number of other institutional investors have also modified their holdings of RRC. FMR LLC boosted its position in shares of Range Resources Corporation by 28.9% in the fourth quarter. Financial Architects Inc now owns 4,900 shares of the oil and gas exploration company's stock worth $143,000 after buying an additional 1,100 shares in the last quarter. World Asset Management Inc bought a new stake in NewJersey Resources Corporation during the first quarter valued at $210,000. NewJersey Resources Corporation reported sales of $393.21 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.2%. Following the completion of the purchase, the director now owns 11,303 shares of the company's stock, valued at $259,516.88. Plante Moran Advsrs Ltd Liability Corporation stated it has 0% of its portfolio in Range Resources Corp. BlackRock Inc. boosted its position in Range Resources Corporation by 2,153.9% in the first quarter. (NYSE:RRC). Meeder Asset Management holds 0.06% in Range Resources Corp. State of Wisconsin Investment Board now owns 256,200 shares of the utilities provider's stock worth $10,146,000 after buying an additional 150,999 shares in the last quarter. (NYSE:RRC). Oregon Pub Employees Retirement Fund has invested 0.01% in Range Resources Corp. The stock decreased 5.62% or $1.32 during the last trading session, reaching $22.17.

Range Resources Corporation (RRC) have shown a high EPS growth of -65.80% in the last 5 years and has earnings rose of 36.00% yoy. The stock's market cap is $5.40 billion.

Range Resources Corporation (NYSE:RRC) last issued its quarterly earnings results on Monday, April 24th.

Looking forward, the company is expected to report earnings of $0.14 per share for the current quarter. New Jersey Resources Corp had a net margin of 14.94% and a return on equity of 37.23%. The company had revenue of $733.55 million during the quarter, compared to analyst estimates of $617.10 million. During the same period in the prior year, the business posted ($0.10) earnings per share. The business's revenue for the quarter was up 27.8% compared to the same quarter previous year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. The ex-dividend date of this dividend was Tuesday, June 13th. The average daily volatility for the week was at 2.85%, which was -0.93 lower than that in the past month. Range Resources Corporation's dividend payout ratio (DPR) is presently -5.16%. Range Resources Corporation (NYSE:RRC) is -24.38% below its 200-day moving average, providing a measure of resistance for long positions. "Inc." was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another website, it was illegally copied and republished in violation of USA & global copyright & trademark legislation.

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A number of equities research analysts recently weighed in on the stock. Goldman Sachs Group, Inc. M&T Bank Corp raised its position in Range Resources Corporation by 7.5% in the first quarter. Evercore ISI upgraded Range Resources Corporation to a "buy" rating and set a $40.00 price target on the stock in a report on Wednesday, April 19th. Scotiabank reaffirmed a "buy" rating and issued a $44.00 target price on shares of Range Resources Corporation in a research report on Friday, April 21st. Finally, ValuEngine lowered shares of Range Resources Corporation from a "hold" rating to a "sell" rating in a research note on Friday, June 2nd.

Among 2 analysts covering Providence Resources PLC (LON:PVR), 2 have Buy rating, 0 Sell and 0 Hold. NewJersey Resources Corporation now has an average rating of "Buy" and a consensus target price of $37.60.

In related news, insider Chad L. Stephens sold 28,744 shares of the firm's stock in a transaction that occurred on Wednesday, May 31st. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also help in determining where it may be possibly heading. Following the transaction, the insider now owns 106,692 shares in the company, valued at $2,459,250.60. The shares were sold at an average price of $23.17, for a total transaction of $166,824.00. These ratios are important while doing valuation of the company or the shares of the company. The disclosure for this sale can be found here. Bartlett & Co. LLC now owns 3,475 shares of the oil and gas exploration company's stock worth $101,000 after buying an additional 1,045 shares during the period.

Range Resources Corporation Company Profile Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company.

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