Range Resources Co. (NYSE:RRC) Shares Sold by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC reduced its stake in Range Resources Co. (NYSE:RRC - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,409,973 shares of the oil and gas exploration company's stock after selling 25,603 shares during the quarter. Range Resources comprises 9.4% of Goehring & Rozencwajg Associates LLC's holdings, making the stock its largest holding. Goehring & Rozencwajg Associates LLC owned about 0.58% of Range Resources worth $46,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of RRC. JPMorgan Chase & Co. grew its position in shares of Range Resources by 61.9% in the third quarter. JPMorgan Chase & Co. now owns 1,579,579 shares of the oil and gas exploration company's stock valued at $48,588,000 after purchasing an additional 604,199 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new position in shares of Range Resources during the 3rd quarter worth approximately $11,508,000. Calamos Advisors LLC bought a new stake in shares of Range Resources during the 4th quarter valued at $567,000. Radnor Capital Management LLC increased its stake in shares of Range Resources by 156.2% during the fourth quarter. Radnor Capital Management LLC now owns 42,993 shares of the oil and gas exploration company's stock valued at $1,547,000 after purchasing an additional 26,213 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Range Resources by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,017,704 shares of the oil and gas exploration company's stock valued at $62,065,000 after buying an additional 92,217 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Range Resources from $33.00 to $38.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Truist Financial lifted their target price on Range Resources from $31.00 to $35.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Piper Sandler increased their price target on Range Resources from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group raised their target price on shares of Range Resources from $39.00 to $43.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Scotiabank lowered shares of Range Resources from a "sector outperform" rating to a "sector perform" rating and set a $45.00 target price for the company. in a report on Friday, January 17th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $38.44.

Range Resources Stock Down 2.9 %

NYSE RRC traded down $1.14 on Wednesday, hitting $38.43. The stock had a trading volume of 2,368,851 shares, compared to its average volume of 2,652,698. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market cap of $9.27 billion, a price-to-earnings ratio of 19.41 and a beta of 1.77. Range Resources Co. has a 52-week low of $27.29 and a 52-week high of $41.95. The business's fifty day moving average price is $36.99 and its 200 day moving average price is $33.24.

Range Resources Dividend Announcement

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