Capital Advisors Inc. OK Makes New Investment in Range Resources Co. (NYSE:RRC)

Capital Advisors Inc. OK purchased a new position in shares of Range Resources Co. (NYSE:RRC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,000 shares of the oil and gas exploration company's stock, valued at approximately $360,000.

A number of other institutional investors have also recently added to or reduced their stakes in RRC. Brooklyn Investment Group purchased a new position in shares of Range Resources during the 3rd quarter valued at approximately $25,000. UMB Bank n.a. boosted its stake in Range Resources by 59.0% during the 4th quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company's stock valued at $41,000 after acquiring an additional 426 shares during the last quarter. Blue Trust Inc. grew its holdings 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 worth $46,000 after acquiring an additional 705 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Range Resources in the 4th quarter worth about $46,000. Finally, Bogart Wealth LLC acquired a new stake in shares of Range Resources in the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RRC shares. Stephens boosted their price target on Range Resources from $39.00 to $43.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Wells Fargo & Company boosted their target price on shares of Range Resources from $38.00 to $40.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Royal Bank of Canada restated a "sector perform" rating and issued a $40.00 price target on shares of Range Resources in a research report on Tuesday, January 14th. UBS Group boosted their price objective on shares of Range Resources from $39.00 to $41.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, The Goldman Sachs Group raised their target price on shares of Range Resources from $39.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $38.78.

Range Resources Price Performance

Range Resources stock traded down $0.12 during trading hours on Friday, hitting $38.68. 2,199,815 shares of the company traded hands, compared to its average volume of 2,545,791. Range Resources Co. has a 1-year low of $27.29 and a 1-year high of $41.95. The firm has a market cap of $9.33 billion, a P/E ratio of 19.54 and a beta of 1.77. The firm's 50-day simple moving average is $37.17 and its two-hundred day simple moving average is $33.36. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28.

Range Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.83%. Range Resources's dividend payout ratio is presently 16.16%.

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.