Range Resources Co. (NYSE:RRC) Position Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in shares of Range Resources Co. (NYSE:RRC - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,442,848 shares of the oil and gas exploration company's stock after selling 136,731 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.60% of Range Resources worth $51,914,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Amundi lifted its position in Range Resources by 233.2% during the fourth quarter. Amundi now owns 1,180,913 shares of the oil and gas exploration company's stock valued at $44,308,000 after purchasing an additional 826,530 shares during the period. Telemark Asset Management LLC acquired a new position in Range Resources during the fourth quarter valued at $14,392,000. Boston Partners lifted its position in Range Resources by 4.9% during the fourth quarter. Boston Partners now owns 7,976,052 shares of the oil and gas exploration company's stock valued at $287,078,000 after purchasing an additional 371,777 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Range Resources in the fourth quarter worth about $13,088,000. Finally, Wellington Shields Capital Management LLC increased its stake in shares of Range Resources by 1,492.7% during the fourth quarter. Wellington Shields Capital Management LLC now owns 335,914 shares of the oil and gas exploration company's stock worth $12,086,000 after purchasing an additional 314,823 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several brokerages recently issued reports on RRC. Barclays set a $43.00 price objective on shares of Range Resources and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Roth Capital upgraded shares of Range Resources from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Wells Fargo & Company boosted their target price on shares of Range Resources from $38.00 to $40.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Williams Trading set a $40.00 target price on shares of Range Resources in a report on Wednesday, March 5th. Finally, Wolfe Research upgraded shares of Range Resources from a "peer perform" rating to an "outperform" rating and set a $42.00 target price on the stock in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $41.71.

Range Resources Stock Performance

Shares of RRC stock traded down $1.70 during trading hours on Thursday, reaching $32.86. The stock had a trading volume of 380,467 shares, compared to its average volume of 2,405,109. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54. Range Resources Co. has a twelve month low of $27.29 and a twelve month high of $41.95. The firm has a 50-day simple moving average of $37.89 and a 200-day simple moving average of $35.56. The firm has a market capitalization of $7.93 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 5.11 and a beta of 1.73.

Range Resources (NYSE:RRC - Get Free Report) last released 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. The business had revenue of $626.42 million for the quarter, compared to analysts' expectations of $676.53 million. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. During the same quarter last year, the company earned $0.63 EPS. As a group, equities analysts forecast that Range Resources Co. will post 2.02 earnings per share for the current year.

Range Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.09 per share. This is a boost from Range Resources's previous quarterly dividend of $0.08. The ex-dividend date was Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 1.10%. Range Resources's dividend payout ratio (DPR) is presently 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.