Fuller & Thaler Asset Management Inc. Boosts Holdings in Range Resources Co. (NYSE:RRC)

Fuller & Thaler Asset Management Inc. raised its holdings in shares of Range Resources Co. (NYSE:RRC - Free Report) by 71.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,057,280 shares of the oil and gas exploration company's stock after buying an additional 2,104,304 shares during the period. Fuller & Thaler Asset Management Inc. owned about 2.10% of Range Resources worth $181,961,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RRC. Pinebridge Investments L.P. increased its stake in shares of Range Resources by 42.2% in the 4th quarter. Pinebridge Investments L.P. now owns 82,307 shares of the oil and gas exploration company's stock worth $2,961,000 after purchasing an additional 24,417 shares in the last quarter. Stifel Financial Corp lifted its holdings in Range Resources by 121.9% during the fourth quarter. Stifel Financial Corp now owns 159,701 shares of the oil and gas exploration company's stock valued at $5,746,000 after purchasing an additional 87,716 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Range Resources by 2.8% in the fourth quarter. OneDigital Investment Advisors LLC now owns 56,260 shares of the oil and gas exploration company's stock worth $2,024,000 after purchasing an additional 1,542 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Range Resources by 133.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 16,123 shares of the oil and gas exploration company's stock valued at $580,000 after purchasing an additional 9,221 shares during the period. Finally, Mirabella Financial Services LLP bought a new stake in shares of Range Resources during the 4th quarter valued at $951,000. 98.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Truist Financial increased their price target on Range Resources from $35.00 to $37.00 and gave the stock a "hold" rating in a research note on Monday, March 17th. Wolfe Research raised Range Resources from a "peer perform" rating to an "outperform" rating and set a $42.00 price target on the stock in a report on Friday, January 3rd. Raymond James increased their price objective on shares of Range Resources from $46.00 to $55.00 and gave the company an "outperform" rating in a report on Monday, March 31st. Roth Mkm raised shares of Range Resources from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $41.00 to $42.00 in a report on Tuesday, April 8th. Finally, Barclays set a $43.00 target price on shares of Range Resources and gave the company an "equal weight" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $41.62.

Range Resources Stock Up 1.7 %

Shares of RRC opened at $33.18 on Wednesday. Range Resources Co. has a 52-week low of $27.29 and a 52-week high of $41.95. The company has a market cap of $8.01 billion, a PE ratio of 16.76, a P/E/G ratio of 5.11 and a beta of 1.73. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $36.99 and a 200 day moving average of $35.70.

Range Resources (NYSE:RRC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.13. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. The company had revenue of $626.42 million for the quarter, compared to analyst estimates of $676.53 million. During the same period in the prior year, the company posted $0.63 EPS. On average, sell-side analysts expect that Range Resources Co. will post 2.02 EPS for the current year.

Range Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.08%. The ex-dividend date was Friday, March 14th. This is an increase from Range Resources's previous quarterly dividend of $0.08. Range Resources's dividend payout ratio is 32.73%.

About Range Resources

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.

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