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Institutional Investors’ Positions on Range Resources in 4Q17

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Buyers and sellers

In 4Q17, 223 funds bought Range Resources (RRC) stock, and 202 funds sold RRC stock, with buying funds outnumbering selling funds by 21. As of December 31, 2017, 420 13F filers held RRC in their portfolio, of which five had RRC in their top ten holdings. In 4Q17, RRC stock fell ~13%.

However, in 4Q17, 13F filers decreased their aggregate RRC holdings by 6.0%, from ~254.6 million shares to ~239.4 million shares. As of December 31, 2017, Range Resources had ~248 million common shares outstanding. Form 13F is an SEC (Securities and Exchange Commission) mandate that needs to be submitted by institutional investors who manage more than $100 million in assets.

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Peer comparison

In comparison, in 4Q17, 13F filers reduced their aggregate holdings in oil and gas production companies Marathon Oil (MRO) and Murphy Oil (MUR) by 0.15% and 1.8%, respectively. In 4Q17, MRO and MUR stock rose ~25% and ~18%.

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