As Range Res (RRC) Valuation Declined, Talara Capital Management Lowered Its Position by $3.07 Million; Jpmorgan Chase & Company Has Increased Holding in Aon Plc (AON)

February 22, 2018 - By Marguerite Chambers

Jpmorgan Chase & Company increased its stake in Aon Plc (AON) by 10.95% based on its latest 2017Q3 regulatory filing with the SEC. Jpmorgan Chase & Company bought 29,118 shares as the company’s stock rose 8.30% with the market. The institutional investor held 294,927 shares of the specialty insurers company at the end of 2017Q3, valued at $43.34 million, up from 265,809 at the end of the previous reported quarter. Jpmorgan Chase & Company who had been investing in Aon Plc for a number of months, seems to be bullish on the $34.77 billion market cap company. The stock decreased 0.22% or $0.3 during the last trading session, reaching $139.07. About 1.24M shares traded. Aon plc (NYSE:AON) has risen 21.47% since February 22, 2017 and is uptrending. It has outperformed by 4.77% the S&P500.

David Zusman decreased its stake in Range Res Corp (RRC) by 22.36% based on its latest 2017Q3 regulatory filing with the SEC. Talara Capital Management Llc sold 161,434 shares as the company’s stock declined 18.29% while stock markets rallied. The hedge fund run by David Zusman held 560,411 shares of the oil & gas production company at the end of 2017Q3, valued at $10.97M, down from 721,845 at the end of the previous reported quarter. Talara Capital Management Llc who had been investing in Range Res Corp for a number of months, seems to be less bullish one the $3.17 billion market cap company. The stock increased 0.54% or $0.07 during the last trading session, reaching $12.99. About 8.72 million shares traded. Range Resources Corporation (NYSE:RRC) has declined 36.05% since February 22, 2017 and is downtrending. It has underperformed by 52.75% the S&P500.

Among 15 analysts covering Aon Corporation (NYSE:AON), 3 have Buy rating, 2 Sell and 10 Hold. Therefore 20% are positive. Aon Corporation had 48 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Tuesday, August 4 by Zacks. The firm earned “Neutral” rating on Wednesday, June 21 by Janney Capital. The firm has “Hold” rating given on Monday, July 17 by RBC Capital Markets. The rating was downgraded by Sandler O’Neill to “Hold” on Monday, October 30. The firm has “Outperform” rating given on Monday, November 2 by RBC Capital Markets. The firm has “Buy” rating by Sandler O’Neill given on Monday, November 7. The stock has “Buy” rating by Keefe Bruyette & Woods on Monday, December 4. As per Friday, October 27, the company rating was maintained by RBC Capital Markets. On Monday, October 30 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating by Jefferies given on Friday, February 2.

Jpmorgan Chase & Company, which manages about $453.26B US Long portfolio, decreased its stake in Matador Res Co (NYSE:MTDR) by 105,385 shares to 6,050 shares, valued at $165,000 in 2017Q3, according to the filing. It also reduced its holding in Ryder Sys Inc (NYSE:R) by 67,813 shares in the quarter, leaving it with 139,611 shares, and cut its stake in Crocs Inc (NASDAQ:CROX).

Among 42 analysts covering Range Resources Corp. (NYSE:RRC), 24 have Buy rating, 3 Sell and 15 Hold. Therefore 57% are positive. Range Resources Corp. had 139 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of RRC in report on Wednesday, November 4 with “Sector Perform” rating. The company was maintained on Thursday, January 25 by Credit Suisse. On Tuesday, June 14 the stock rating was maintained by Deutsche Bank with “Hold”. The company was initiated on Wednesday, September 28 by Barclays Capital. As per Wednesday, September 27, the company rating was maintained by Cowen & Co. The firm has “Outperform” rating given on Friday, April 28 by Wells Fargo. Stifel Nicolaus maintained Range Resources Corporation (NYSE:RRC) rating on Thursday, October 5. Stifel Nicolaus has “Buy” rating and $21.0 target. The firm has “Buy” rating given on Tuesday, October 10 by BMO Capital Markets. The stock has “Market Perform” rating by BMO Capital Markets on Friday, July 29. The stock has “Overweight” rating by Piper Jaffray on Friday, April 28.

Analysts await Range Resources Corporation (NYSE:RRC) to report earnings on February, 27 after the close. They expect $0.15 earnings per share, up 122.73% or $0.81 from last year’s $-0.66 per share. RRC’s profit will be $36.63M for 21.65 P/E if the $0.15 EPS becomes a reality. After $0.05 actual earnings per share reported by Range Resources Corporation for the previous quarter, Wall Street now forecasts 200.00% EPS growth.

Talara Capital Management Llc, which manages about $249.36 million and $192.43 million US Long portfolio, upped its stake in Qep Res Inc (NYSE:QEP) by 817,669 shares to 2.50M shares, valued at $21.43M in 2017Q3, according to the filing.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: