Range Resources Co. (NYSE:RRC) Shares Bought by Curi RMB Capital LLC

Curi RMB Capital LLC lifted its stake in shares of Range Resources Co. (NYSE:RRC - Free Report) by 16.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 462,017 shares of the oil and gas exploration company's stock after buying an additional 63,899 shares during the quarter. Curi RMB Capital LLC owned about 0.19% of Range Resources worth $14,212,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Blue Trust Inc. grew its stake 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 buying an additional 705 shares during the last quarter. Bogart Wealth LLC acquired a new position in shares of Range Resources in the 3rd quarter valued at $49,000. Fifth Third Bancorp raised its position in 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 valued at $57,000 after purchasing an additional 299 shares during the last quarter. Perkins Coie Trust Co acquired a new stake in Range Resources during the 2nd quarter worth $67,000. Finally, International Assets Investment Management LLC purchased a new position in Range Resources during the 2nd quarter worth $67,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Range Resources Stock Down 0.8 %

Shares of Range Resources stock traded down $0.28 during trading on Thursday, reaching $33.63. The company had a trading volume of 1,726,698 shares, compared to its average volume of 2,354,563. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 17.12 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 fifty day moving average is $30.76 and its 200-day moving average is $32.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54.

Range Resources (NYSE:RRC - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.32 by $0.16. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. The company had revenue of $615.03 million during the quarter, compared to analyst estimates of $617.90 million. During the same quarter last year, the firm earned $0.43 EPS. The business's revenue was up .9% on a year-over-year basis. On average, analysts anticipate that Range Resources Co. will post 1.87 EPS for the current year.

Range Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.32 annualized dividend and a yield of 0.95%. Range Resources's dividend payout ratio (DPR) is 16.16%.

Wall Street Analysts Forecast Growth

RRC has been the subject of a number of analyst reports. Royal Bank of Canada restated a "sector perform" rating and set a $39.00 price objective on shares of Range Resources in a research report on Thursday, July 25th. JPMorgan Chase & Co. lowered their target price on shares of Range Resources from $37.00 to $31.00 and set an "underweight" rating for the company in a research note on Thursday, September 12th. StockNews.com upgraded Range Resources to a "sell" rating in a report on Tuesday. Benchmark restated a "hold" rating on shares of Range Resources in a report on Wednesday, October 23rd. Finally, Scotiabank upgraded shares of Range Resources from a "sector perform" rating to a "sector outperform" rating and set a $45.00 price target on the stock in a report on Tuesday, August 20th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $35.00.

Insiders Place Their Bets

In other Range Resources news, VP Ashley Kavanaugh sold 12,700 shares of the firm's 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 directly owns 9,670 shares in the company, valued at approximately $304,121.50. This trade represents a 56.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles G. Griffie purchased 1,275 shares of the stock in a transaction dated Thursday, October 24th. The shares were purchased at an average price of $31.46 per share, with a total value of $40,111.50. Following the transaction, the director now directly owns 5,921 shares of the company's stock, valued at approximately $186,274.66. The trade was a 27.44 % increase in their position. The disclosure for this purchase can be found here. 1.57% of the stock is currently owned by corporate insiders.

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.