Kennedy Capital Management LLC Buys 153,435 Shares of Range Resources Co. (NYSE:RRC)

Kennedy Capital Management LLC lifted its holdings in shares of Range Resources Co. (NYSE:RRC - Free Report) by 41.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 525,155 shares of the oil and gas exploration company's stock after purchasing an additional 153,435 shares during the quarter. Kennedy Capital Management LLC owned 0.22% of Range Resources worth $18,895,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Boston Partners increased its stake in Range Resources by 4.9% during the 4th quarter. Boston Partners now owns 7,976,052 shares of the oil and gas exploration company's stock worth $287,078,000 after acquiring an additional 371,777 shares during the period. Lingotto Investment Management LLP increased its position in shares of Range Resources by 2.5% in the fourth quarter. Lingotto Investment Management LLP now owns 6,864,038 shares of the oil and gas exploration company's stock worth $246,968,000 after purchasing an additional 165,242 shares during the period. Geode Capital Management LLC raised its stake in Range Resources by 0.9% in the third quarter. Geode Capital Management LLC now owns 4,003,299 shares of the oil and gas exploration company's stock valued at $123,174,000 after purchasing an additional 35,344 shares in the last quarter. Canoe Financial LP lifted its position in Range Resources by 9.4% during the fourth quarter. Canoe Financial LP now owns 2,911,509 shares of the oil and gas exploration company's stock worth $104,595,000 after purchasing an additional 251,200 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Range Resources by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,112,602 shares of the oil and gas exploration company's stock worth $76,011,000 after buying an additional 94,898 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

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Range Resources Stock Performance

Shares of NYSE:RRC traded up $0.05 during trading on Tuesday, hitting $33.51. 737,551 shares of the company were exchanged, compared to its average volume of 2,419,494. 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 52-week low of $27.29 and a 52-week high of $41.95. The company has a market cap of $8.09 billion, a PE ratio of 16.92, a P/E/G ratio of 5.11 and a beta of 1.73. The stock has a 50 day moving average of $37.59 and a 200 day moving average of $35.64.

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 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $676.53 million. During the same period last year, the business earned $0.63 earnings per share. As a group, equities research analysts predict that Range Resources Co. will post 2.02 EPS for the current year.

Range Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.07%. This is a boost from Range Resources's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, March 14th. Range Resources's payout ratio is presently 32.73%.

Analyst Ratings Changes

RRC has been the topic of several analyst reports. Roth Capital upgraded shares of Range Resources from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. StockNews.com raised Range Resources from a "sell" rating to a "hold" rating in a report on Saturday, April 5th. Citigroup lowered Range Resources from a "neutral" rating to a "reduce" rating in a research note on Wednesday, March 5th. Bank of America upgraded Range Resources from a "neutral" rating to a "buy" rating and lifted their target price for the company from $34.00 to $45.00 in a research report on Monday, January 13th. Finally, Piper Sandler raised their price target on shares of Range Resources from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, March 6th. One equities 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $41.81.

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.