UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 49,234 Shares of Range Resources Co. (NYSE:RRC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Range Resources Co. (NYSE:RRC - Free Report) by 10.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 437,466 shares of the oil and gas exploration company's stock after selling 49,234 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of Range Resources worth $13,456,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in RRC. Brooklyn Investment Group bought a new position in shares of Range Resources in the third quarter worth approximately $25,000. Blue Trust Inc. grew its holdings in Range Resources by 107.8% in the 3rd 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 last quarter. Bogart Wealth LLC purchased a new position in shares of Range Resources in the third quarter valued at about $49,000. Fifth Third Bancorp raised its stake in shares of Range Resources by 21.2% during the second quarter. Fifth Third Bancorp now owns 1,709 shares of the oil and gas exploration company's stock valued at $57,000 after acquiring an additional 299 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Range Resources during the second quarter worth about $67,000. Hedge funds and other institutional investors own 98.93% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on RRC. UBS Group reduced their price target on Range Resources from $30.00 to $27.00 and set a "sell" rating on the stock in a report on Wednesday, September 18th. Susquehanna reduced their target price on Range Resources from $36.00 to $31.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 4th. StockNews.com raised Range Resources to a "sell" rating in a research note on Wednesday, November 27th. Royal Bank of Canada boosted their price objective on shares of Range Resources from $35.00 to $40.00 and gave the company a "sector perform" rating in a research report on Monday, November 25th. Finally, Bank of America started coverage on shares of Range Resources in a research report on Monday, October 28th. They issued a "neutral" rating and a $34.00 target price for the company. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $35.06.

Range Resources Stock Down 2.2 %

Shares of NYSE RRC traded down $0.75 during trading on Friday, reaching $33.75. The company had a trading volume of 2,005,348 shares, compared to its average volume of 1,916,271. Range Resources Co. has a 12-month low of $27.29 and a 12-month high of $39.33. 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's 50-day moving average is $32.57 and its 200 day moving average is $32.44. The stock has a market cap of $8.14 billion, a PE ratio of 17.05 and a beta of 1.85.

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 EPS for the quarter, beating the consensus estimate of $0.32 by $0.16. The company had revenue of $615.03 million for the quarter, compared to the consensus estimate of $617.90 million. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. Range Resources's revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 EPS. As a group, equities analysts forecast that Range Resources Co. will post 1.9 earnings per share for the current fiscal year.

Range Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.08 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.95%. Range Resources's payout ratio is currently 16.16%.

Insider Activity at Range Resources

In other news, VP Ashley Kavanaugh sold 12,700 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $31.45, for a total transaction of $399,415.00. Following the completion of the transaction, the vice president now directly owns 9,670 shares of the company's stock, valued at $304,121.50. The trade was a 56.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles G. Griffie bought 1,275 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average price of $31.46 per share, for a total transaction of $40,111.50. Following the acquisition, the director now directly owns 5,921 shares of the company's stock, valued at $186,274.66. The trade was a 27.44 % increase in their position. The disclosure for this purchase can be found here. 1.57% of the stock is currently owned by insiders.

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.