7,500 Shares in Range Resources Co. (NYSE:RRC) Purchased by PUREfi Wealth LLC

PUREfi Wealth LLC acquired a new position in shares of Range Resources Co. (NYSE:RRC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,500 shares of the oil and gas exploration company's stock, valued at approximately $270,000.

Several other institutional investors have also recently made changes to their positions in RRC. CWM LLC increased its holdings in Range Resources by 276.8% during the 3rd quarter. CWM LLC now owns 2,306 shares of the oil and gas exploration company's stock worth $71,000 after purchasing an additional 1,694 shares in the last quarter. Creative Planning raised its position in shares of Range Resources by 2.0% in the third quarter. Creative Planning now owns 56,744 shares of the oil and gas exploration company's stock valued at $1,745,000 after purchasing an additional 1,089 shares during the period. Blue Trust Inc. boosted its holdings in shares of Range Resources by 107.8% in the third quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company's stock worth $46,000 after acquiring an additional 705 shares during the period. Raymond James & Associates grew its holdings in Range Resources by 4.2% during the 3rd quarter. Raymond James & Associates now owns 260,043 shares of the oil and gas exploration company's stock valued at $7,999,000 after buying an additional 10,391 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Range Resources by 2,976.0% during the third quarter. International Assets Investment Management LLC now owns 61,520 shares of the oil and gas exploration company's stock valued at $2,000,000 after acquiring an additional 59,520 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on RRC. Royal Bank of Canada reissued a "sector perform" rating and set a $40.00 price objective on shares of Range Resources in a report on Tuesday, January 14th. Barclays upped their price objective on Range Resources from $34.00 to $40.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. StockNews.com raised Range Resources to a "sell" rating in a report on Wednesday, November 27th. Bank of America raised Range Resources from a "neutral" rating to a "buy" rating and upped their target price for the stock from $34.00 to $45.00 in a research note on Monday, January 13th. Finally, Piper Sandler lifted their price target on shares of Range Resources from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Range Resources has a consensus rating of "Hold" and a consensus target price of $38.78.

Range Resources Price Performance

RRC traded up $1.05 during trading hours on Wednesday, hitting $39.97. The company's stock had a trading volume of 2,027,088 shares, compared to its average volume of 2,588,459. Range Resources Co. has a 12 month low of $27.29 and a 12 month high of $41.95. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28. The business's 50-day moving average price is $37.44 and its 200-day moving average price is $33.53. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of 20.19 and a beta of 1.77.

Range Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, December 13th. Range Resources's payout ratio is 16.16%.

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.