7,843 Shares in Range Resources Co. (NYSE:RRC) Purchased by Callan Family Office LLC

Callan Family Office LLC acquired a new stake in shares of Range Resources Co. (NYSE:RRC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,843 shares of the oil and gas exploration company's stock, valued at approximately $282,000.

A number of other institutional investors have also recently bought and sold shares of RRC. M&T Bank Corp raised its stake in shares of Range Resources by 3.1% during the 3rd quarter. M&T Bank Corp now owns 10,790 shares of the oil and gas exploration company's stock worth $332,000 after purchasing an additional 327 shares in the last quarter. Commerce Bank raised its position in Range Resources by 5.7% during the third quarter. Commerce Bank now owns 6,848 shares of the oil and gas exploration company's stock valued at $211,000 after acquiring an additional 369 shares in the last quarter. CIBC Asset Management Inc raised its position in Range Resources by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 7,435 shares of the oil and gas exploration company's stock valued at $268,000 after acquiring an additional 378 shares in the last quarter. Arizona State Retirement System lifted its stake in Range Resources by 0.6% in the fourth quarter. Arizona State Retirement System now owns 70,258 shares of the oil and gas exploration company's stock valued at $2,528,000 after acquiring an additional 395 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Range Resources by 0.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 66,630 shares of the oil and gas exploration company's stock worth $2,397,000 after acquiring an additional 420 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

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Range Resources Stock Performance

Shares of RRC traded up $0.87 on Friday, reaching $38.33. 1,770,805 shares of the stock traded hands, compared to its average volume of 2,315,845. The stock's 50-day moving average price is $38.23 and its 200-day moving average price is $34.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market cap of $9.25 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 5.11 and a beta of 1.80. Range Resources Co. has a 12 month low of $27.29 and a 12 month high of $41.95.

Range Resources (NYSE:RRC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.13. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. The firm had revenue of $626.42 million for the quarter, compared to analyst estimates of $676.53 million. During the same quarter in the previous year, the firm posted $0.63 EPS. Equities analysts forecast that Range Resources Co. will post 2.02 EPS for the current fiscal year.

Range Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.94%. This is an increase from Range Resources's previous quarterly dividend of $0.08. The ex-dividend date is Friday, March 14th. Range Resources's payout ratio is presently 32.73%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RRC. Benchmark restated a "hold" rating on shares of Range Resources in a report on Friday, January 17th. Truist Financial boosted their price target on Range Resources from $31.00 to $35.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Citigroup downgraded Range Resources from a "neutral" rating to a "reduce" rating in a research note on Wednesday, March 5th. Bank of America raised Range Resources from a "neutral" rating to a "buy" rating and raised their price objective for the company from $34.00 to $45.00 in a research note on Monday, January 13th. Finally, Wells Fargo & Company upped their target price on Range Resources from $38.00 to $40.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 17th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $39.84.

Range Resources Company 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.