Charles Schwab Investment Management Inc. Purchases 92,217 Shares of Range Resources Co. (NYSE:RRC)

Charles Schwab Investment Management Inc. raised its holdings in Range Resources Co. (NYSE:RRC - Free Report) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,017,704 shares of the oil and gas exploration company's stock after acquiring an additional 92,217 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.84% of Range Resources worth $62,065,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of RRC. Fifth Third Bancorp increased its stake in shares of Range Resources by 21.2% in the second quarter. Fifth Third Bancorp now owns 1,709 shares of the oil and gas exploration company's stock valued at $57,000 after buying an additional 299 shares during the period. CIBC Asset Management Inc boosted its holdings in Range Resources by 5.4% in the second quarter. CIBC Asset Management Inc now owns 6,801 shares of the oil and gas exploration company's stock valued at $228,000 after acquiring an additional 350 shares during the last quarter. Commerce Bank increased its position in Range Resources by 5.7% during the 3rd quarter. Commerce Bank now owns 6,848 shares of the oil and gas exploration company's stock valued at $211,000 after purchasing an additional 369 shares during the period. Inscription Capital LLC raised its holdings in Range Resources by 3.6% during the 3rd quarter. Inscription Capital LLC now owns 12,536 shares of the oil and gas exploration company's stock worth $386,000 after purchasing an additional 433 shares during the last quarter. Finally, Orser Capital Management LLC raised its holdings in Range Resources by 1.0% during the 3rd quarter. Orser Capital Management LLC now owns 53,993 shares of the oil and gas exploration company's stock worth $1,661,000 after purchasing an additional 550 shares during the last quarter. Institutional investors own 98.93% of the company's stock.

Range Resources Stock Up 0.4 %

RRC stock traded up $0.15 during mid-day trading on Friday, reaching $35.74. 858,209 shares of the company traded hands, compared to its average volume of 2,349,521. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 18.05 and a beta of 1.80. Range Resources Co. has a fifty-two week low of $27.29 and a fifty-two week high of $39.33. The firm's 50 day moving average price is $32.19 and its 200 day moving average price is $32.58. 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 (NYSE:RRC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.16. The business had revenue of $615.03 million for the quarter, compared to analysts' expectations of $617.90 million. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. The business's revenue was up .9% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. As a group, equities research analysts predict that Range Resources Co. will post 1.9 EPS for the current fiscal year.

Range Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.90%. Range Resources's dividend payout ratio (DPR) is 16.16%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

RRC has been the topic of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Range Resources from $33.00 to $31.00 and set an "underweight" rating on the stock in a research note on Monday, September 16th. Royal Bank of Canada increased their price target on Range Resources from $35.00 to $40.00 and gave the stock a "sector perform" rating in a report on Monday, November 25th. Benchmark reissued a "hold" rating on shares of Range Resources in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. cut their target price on Range Resources from $37.00 to $31.00 and set an "underweight" rating on the stock in a research report on Thursday, September 12th. Finally, Barclays upgraded Range Resources from an "underweight" rating to an "equal weight" rating and lowered their target price for the stock from $35.00 to $34.00 in a report on Wednesday, October 2nd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $35.00.

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.