Boston Partners Buys 371,777 Shares of Range Resources Co. (NYSE:RRC)

Boston Partners increased its stake in Range Resources Co. (NYSE:RRC - Free Report) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,976,052 shares of the oil and gas exploration company's stock after purchasing an additional 371,777 shares during the quarter. Boston Partners owned about 3.31% of Range Resources worth $287,078,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Lingotto Investment Management LLP lifted its holdings in 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 lifted its holdings 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 worth $123,174,000 after purchasing an additional 35,344 shares during the period. Canoe Financial LP lifted its holdings in Range Resources by 9.4% in 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. Charles Schwab Investment Management Inc. lifted its holdings in Range Resources by 4.7% in 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 purchasing an additional 94,898 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in 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 worth $48,588,000 after purchasing an additional 604,199 shares during the period. Institutional investors and hedge funds own 98.93% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Range Resources from $38.00 to $40.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. upgraded shares of Range Resources from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $43.00 to $45.00 in a research report on Thursday, March 13th. The Goldman Sachs Group boosted their price target 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. Wolfe Research upgraded shares of Range Resources from a "peer perform" rating to an "outperform" rating and set a $42.00 price target on the stock in a research report on Friday, January 3rd. Finally, Bank of America upgraded shares of Range Resources from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $34.00 to $45.00 in a research report on Monday, January 13th. Three equities research 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. Based on data from MarketBeat.com, Range Resources currently has a consensus rating of "Hold" and an average price target of $39.95.

Range Resources Trading Down 1.1 %

NYSE RRC traded down $0.44 on Friday, hitting $39.84. 3,211,568 shares of the company were exchanged, compared to its average volume of 2,293,323. The firm has a market capitalization of $9.61 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 5.11 and a beta of 1.80. Range Resources Co. has a twelve month low of $27.29 and a twelve month high of $41.95. 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 company's 50 day moving average price is $38.56 and its 200-day moving average price is $34.73.

Range Resources (NYSE:RRC - Get Free Report) last issued its earnings results on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.13. The company had revenue of $626.42 million for the quarter, compared to the consensus estimate 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 prior year, the company earned $0.63 EPS. Analysts predict that Range Resources Co. will post 2.02 earnings per share for the current fiscal year.

Range Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.09 dividend. This is an increase from Range Resources's previous quarterly dividend of $0.08. The ex-dividend date is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.90%. Range Resources's dividend payout ratio is currently 32.73%.

Range Resources 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.