Range Resources Co. (NYSE:RRC) Shares Sold by Howe & Rusling Inc.

Howe & Rusling Inc. lessened its holdings in shares of Range Resources Co. (NYSE:RRC - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 259,474 shares of the oil and gas exploration company's stock after selling 15,719 shares during the quarter. Howe & Rusling Inc. owned approximately 0.11% of Range Resources worth $9,336,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Brooklyn Investment Group purchased a new stake in shares of Range Resources in the third quarter valued at about $25,000. Smartleaf Asset Management LLC grew its position in Range Resources by 87.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the oil and gas exploration company's stock worth $37,000 after acquiring an additional 471 shares during the period. UMB Bank n.a. increased its position in shares of Range Resources by 59.0% during the 4th quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company's stock worth $41,000 after purchasing an additional 426 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in Range Resources in the fourth quarter valued at about $46,000. Finally, Versant Capital Management Inc boosted its stake in Range Resources by 42.8% during the fourth quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company's stock worth $56,000 after buying an additional 463 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Range Resources Stock Performance

Shares of RRC stock traded up $0.72 during mid-day trading on Monday, hitting $39.91. 643,419 shares of the stock were exchanged, compared to its average volume of 2,345,421. The stock's fifty day simple moving average is $38.52 and its two-hundred day simple moving average is $35.22. 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 Co. has a 12-month low of $27.29 and a 12-month high of $41.95. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 5.11 and a beta of 1.80.

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

Range Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.09 dividend. This is an increase from Range Resources's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.90%. Range Resources's dividend payout ratio is 32.73%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Range Resources from $39.00 to $43.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Truist Financial increased their target price on Range Resources from $35.00 to $37.00 and gave the stock a "hold" rating in a research note on Monday, March 17th. Citigroup cut shares of Range Resources from a "neutral" rating to a "reduce" rating in a research report on Wednesday, March 5th. Barclays set a $43.00 price objective on shares of Range Resources and gave the company an "equal weight" rating in a report on Thursday, February 27th. Finally, Morgan Stanley raised shares of Range Resources from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $40.00 to $49.00 in a research report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $40.89.

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.