Natixis Advisors LLC Raises Holdings in Range Resources Co. (NYSE:RRC)

Natixis Advisors LLC lifted its holdings in shares of Range Resources Co. (NYSE:RRC - Free Report) by 10.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 143,370 shares of the oil and gas exploration company's stock after acquiring an additional 13,491 shares during the period. Natixis Advisors LLC owned 0.06% of Range Resources worth $5,158,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Range Resources by 61.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,579,579 shares of the oil and gas exploration company's stock worth $48,588,000 after buying an additional 604,199 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Range Resources in the fourth quarter valued at $380,000. HITE Hedge Asset Management LLC acquired a new position in Range Resources in the third quarter valued at $11,508,000. Calamos Advisors LLC purchased a new position in shares of Range Resources during the fourth quarter worth about $567,000. Finally, Radnor Capital Management LLC increased its position in shares of Range Resources by 156.2% during the fourth quarter. Radnor Capital Management LLC now owns 42,993 shares of the oil and gas exploration company's stock worth $1,547,000 after purchasing an additional 26,213 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $40.00 target price on shares of Range Resources in a research report on Tuesday, January 14th. Benchmark restated a "hold" rating on shares of Range Resources in a research report on Friday, January 17th. Wolfe Research upgraded shares of Range Resources from a "peer perform" rating to an "outperform" rating and set a $42.00 price target for the company in a research report on Friday, January 3rd. Stephens raised their price objective on shares of Range Resources from $43.00 to $44.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Finally, Scotiabank cut shares of Range Resources from a "sector outperform" rating to a "sector perform" rating and set a $45.00 target price for the company. in a report on Friday, January 17th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $39.95.

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Range Resources Price Performance

Shares of NYSE RRC traded down $0.45 during midday trading on Tuesday, hitting $40.22. The company had a trading volume of 2,914,369 shares, compared to its average volume of 2,299,058. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28. The business has a 50-day simple moving average of $38.61 and a two-hundred day simple moving average of $34.99. Range Resources Co. has a twelve month low of $27.29 and a twelve month high of $41.95. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 5.11 and a beta of 1.80.

Range Resources (NYSE:RRC - Get Free Report) last announced 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. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. The business had revenue of $626.42 million for the quarter, compared to analyst estimates of $676.53 million. During the same quarter in the previous year, the company earned $0.63 EPS. Equities research analysts anticipate that Range Resources Co. will post 2.02 earnings per share for the current year.

Range Resources Increases Dividend

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

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.