Range Resources Co. (NYSE:RRC) Shares Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC grew its position in Range Resources Co. (NYSE:RRC - Free Report) by 156.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,993 shares of the oil and gas exploration company's stock after purchasing an additional 26,213 shares during the period. Radnor Capital Management LLC's holdings in Range Resources were worth $1,547,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Choreo LLC acquired a new position in Range Resources during the second quarter valued at approximately $213,000. Envestnet Asset Management Inc. raised its stake in shares of Range Resources by 10.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 96,719 shares of the oil and gas exploration company's stock valued at $3,243,000 after acquiring an additional 8,969 shares during the period. Pekin Hardy Strauss Inc. lifted its holdings in shares of Range Resources by 6.0% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 10,650 shares of the oil and gas exploration company's stock valued at $357,000 after acquiring an additional 600 shares in the last quarter. Lingotto Investment Management LLP boosted its position in Range Resources by 1.5% during the 2nd quarter. Lingotto Investment Management LLP now owns 6,451,726 shares of the oil and gas exploration company's stock worth $216,326,000 after purchasing an additional 93,782 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Range Resources by 9.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 35,568 shares of the oil and gas exploration company's stock valued at $1,193,000 after purchasing an additional 3,037 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

Insider Activity at Range Resources

In related news, Director Charles G. Griffie bought 1,275 shares of the firm's stock in a transaction on Thursday, October 24th. The stock was bought at an average cost of $31.46 per share, for a total transaction of $40,111.50. Following the completion of the purchase, the director now directly owns 5,921 shares in the company, valued at approximately $186,274.66. The trade was a 27.44 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RRC. Piper Sandler reduced their price objective on Range Resources from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Monday, November 18th. UBS Group upgraded Range Resources from a "sell" rating to a "neutral" rating and raised their target price for the company from $28.00 to $35.00 in a report on Monday, December 9th. Mizuho upped their price target on Range Resources from $40.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. Royal Bank of Canada reiterated a "sector perform" rating and set a $40.00 price objective on shares of Range Resources in a research note on Tuesday. Finally, Barclays upgraded shares of Range Resources from an "underweight" rating to an "equal weight" rating and decreased their target price for the company from $35.00 to $34.00 in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $37.16.

Range Resources Stock Up 1.9 %

NYSE RRC traded up $0.74 on Wednesday, hitting $40.36. 3,386,650 shares of the stock traded hands, compared to its average volume of 2,991,417. The company has a market capitalization of $9.74 billion, a P/E ratio of 20.38 and a beta of 1.81. The stock has a 50-day moving average of $35.13 and a 200 day moving average of $32.42. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28. Range Resources Co. has a twelve month low of $27.29 and a twelve month high of $40.60.

Range Resources (NYSE:RRC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.16. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. The firm had revenue of $615.03 million for the quarter, compared to analysts' expectations of $617.90 million. During the same period last year, the business posted $0.43 earnings per share. The firm's revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts expect that Range Resources Co. will post 1.91 earnings per share for the current fiscal year.

Range Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, December 13th. Range Resources's dividend payout ratio (DPR) is presently 16.16%.

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.