Range Resources Co. (NYSE:RRC) Shares Bought by DF Dent & Co. Inc.

DF Dent & Co. Inc. boosted its holdings in shares of Range Resources Co. (NYSE:RRC - Free Report) by 72.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,185 shares of the oil and gas exploration company's stock after buying an additional 56,050 shares during the quarter. DF Dent & Co. Inc. owned 0.06% of Range Resources worth $4,097,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. HITE Hedge Asset Management LLC acquired a new position in shares of Range Resources during the third quarter worth about $11,508,000. Charles Schwab Investment Management Inc. grew its holdings in Range Resources by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,017,704 shares of the oil and gas exploration company's stock worth $62,065,000 after acquiring an additional 92,217 shares in the last quarter. Aptus Capital Advisors LLC increased its position in shares of Range Resources by 135.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 112,008 shares of the oil and gas exploration company's stock valued at $3,445,000 after purchasing an additional 64,443 shares during the last quarter. TCW Group Inc. raised its holdings in shares of Range Resources by 186.5% in the 2nd quarter. TCW Group Inc. now owns 49,824 shares of the oil and gas exploration company's stock valued at $1,671,000 after purchasing an additional 32,433 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Range Resources by 32.5% in the 3rd quarter. Victory Capital Management Inc. now owns 65,819 shares of the oil and gas exploration company's stock valued at $2,025,000 after purchasing an additional 16,134 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Range Resources

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 value of $399,415.00. Following the completion of the transaction, the vice president now owns 9,670 shares in the company, valued at $304,121.50. This trade represents a 56.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles G. Griffie acquired 1,275 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The shares were bought at an average cost of $31.46 per share, for a total transaction of $40,111.50. Following the acquisition, the director now owns 5,921 shares of the company's stock, valued at $186,274.66. This represents a 27.44 % increase in their position. The disclosure for this purchase can be found here. 1.57% of the stock is owned by insiders.

Range Resources Stock Performance

Range Resources stock traded down $0.75 during mid-day trading on Friday, reaching $33.75. 2,005,348 shares of the company were exchanged, compared to its average volume of 1,916,271. Range Resources Co. has a twelve month low of $27.29 and a twelve month high of $39.33. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54. The firm's 50-day simple moving average is $32.57 and its two-hundred day simple moving average is $32.44. The firm has a market cap of $8.14 billion, a PE ratio of 17.05 and a beta of 1.85.

Range Resources (NYSE:RRC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.16. The firm had revenue of $615.03 million during the quarter, compared to the consensus estimate of $617.90 million. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. The company's revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company earned $0.43 earnings per share. Equities analysts predict that Range Resources Co. will post 1.9 earnings per share for the current fiscal year.

Range Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.32 annualized dividend and a yield of 0.95%. Range Resources's dividend payout ratio is currently 16.16%.

Analysts Set New Price Targets

A number of equities analysts recently commented on RRC shares. Benchmark reiterated a "hold" rating on shares of Range Resources in a research note on Wednesday, October 23rd. Wells Fargo & Company lowered their price objective on Range Resources from $39.00 to $38.00 and set an "equal weight" rating for the company in a research report on Friday, October 25th. Bank of America started coverage on Range Resources in a research report on Monday, October 28th. They set a "neutral" rating and a $34.00 target price on the stock. StockNews.com raised Range Resources to a "sell" rating in a report on Wednesday, November 27th. Finally, UBS Group dropped their price target on shares of Range Resources from $30.00 to $27.00 and set a "sell" rating on the stock in a research note on Wednesday, September 18th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $35.06.

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.