Range Resources Co. (NYSE:RRC) Shares Acquired by Barclays PLC

Barclays PLC boosted its holdings in shares of Range Resources Co. (NYSE:RRC - Free Report) by 180.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,017 shares of the oil and gas exploration company's stock after acquiring an additional 142,938 shares during the period. Barclays PLC owned about 0.09% of Range Resources worth $6,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Brooklyn Investment Group bought a new position in shares of Range Resources during the third quarter valued at approximately $25,000. Blue Trust Inc. boosted its position in Range Resources by 107.8% during the 3rd quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company's stock valued at $46,000 after acquiring an additional 705 shares in the last quarter. Bogart Wealth LLC purchased a new position in shares of Range Resources in the 3rd quarter valued at $49,000. Fifth Third Bancorp raised its position in shares of Range Resources by 21.2% in the 2nd quarter. Fifth Third Bancorp now owns 1,709 shares of the oil and gas exploration company's stock worth $57,000 after acquiring an additional 299 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Range Resources during the 2nd quarter worth $67,000. Hedge funds and other institutional investors own 98.93% of the company's stock.

Insiders Place Their Bets

In other news, VP Ashley Kavanaugh sold 12,700 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $31.45, for a total transaction of $399,415.00. Following the sale, the vice president now directly owns 9,670 shares of the company's stock, valued at $304,121.50. This represents a 56.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles G. Griffie purchased 1,275 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The stock was acquired at an average price of $31.46 per share, with a total value of $40,111.50. Following the purchase, the director now owns 5,921 shares in the company, valued at $186,274.66. This represents a 27.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.57% of the company's stock.

Analyst Upgrades and Downgrades

RRC has been the subject of a number of recent research reports. UBS Group upgraded shares of Range Resources from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $28.00 to $35.00 in a report on Monday, December 9th. Morgan Stanley decreased their target price on shares of Range Resources from $33.00 to $31.00 and set an "underweight" rating for the company in a research report on Monday, September 16th. Susquehanna cut their price target on shares of Range Resources from $36.00 to $31.00 and set a "neutral" rating on the stock in a report on Wednesday, September 4th. Mizuho increased their price objective on Range Resources from $40.00 to $47.00 and gave the company an "outperform" rating in a report on Monday. Finally, StockNews.com raised Range Resources to a "sell" rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Range Resources currently has an average rating of "Hold" and an average price target of $36.00.

Range Resources Stock Performance

Shares of RRC stock traded up $0.22 during trading hours on Thursday, hitting $33.14. The company's stock had a trading volume of 2,422,462 shares, compared to its average volume of 2,321,153. The stock has a market cap of $8.00 billion, a PE ratio of 16.74 and a beta of 1.85. Range Resources Co. has a 12-month low of $27.29 and a 12-month high of $39.33. The company has a 50 day moving average of $33.06 and a 200 day moving average of $32.35. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28.

Range Resources (NYSE:RRC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.32 by $0.16. The company had revenue of $615.03 million for the quarter, compared to analyst estimates of $617.90 million. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. The firm's revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 earnings per share. On average, sell-side analysts forecast that Range Resources Co. will post 1.91 EPS for the current fiscal year.

Range Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Friday, December 13th. Range Resources's dividend payout ratio is currently 16.16%.

Range Resources Profile

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), crude oil, and condensate company in the United States. The company engages in the exploration, development, and acquisition of natural gas and crude oil properties located in the Appalachian region. It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.