Range Resources Co. (NYSE:RRC) Stock Holdings Lifted by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in Range Resources Co. (NYSE:RRC - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 663,320 shares of the oil and gas exploration company's stock after buying an additional 10,401 shares during the quarter. Rhumbline Advisers owned approximately 0.27% of Range Resources worth $23,866,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. PUREfi Wealth LLC bought a new stake in Range Resources in the 4th quarter valued at about $270,000. Blue Trust Inc. lifted its position in Range Resources by 105.2% in the 4th quarter. Blue Trust Inc. now owns 2,788 shares of the oil and gas exploration company's stock valued at $100,000 after purchasing an additional 1,429 shares during the last quarter. Van ECK Associates Corp lifted its position in Range Resources by 13.5% in the 4th quarter. Van ECK Associates Corp now owns 173,863 shares of the oil and gas exploration company's stock valued at $6,256,000 after purchasing an additional 20,744 shares during the last quarter. Capital Advisors Inc. OK bought a new stake in Range Resources in the 4th quarter valued at about $360,000. Finally, Quent Capital LLC lifted its position in Range Resources by 72.0% in the 4th quarter. Quent Capital LLC now owns 2,178 shares of the oil and gas exploration company's stock valued at $78,000 after purchasing an additional 912 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Range Resources from $34.00 to $40.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. 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. Royal Bank of Canada restated a "sector perform" rating and set a $40.00 price target on shares of Range Resources in a research report on Tuesday, January 14th. StockNews.com upgraded shares of Range Resources to a "sell" rating in a research report on Wednesday, November 27th. Finally, Stephens boosted their price target on shares of Range Resources from $39.00 to $43.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Three 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 MarketBeat.com, Range Resources presently has an average rating of "Hold" and an average price target of $38.78.

Range Resources Price Performance

Shares of RRC traded down $1.22 during mid-day trading on Friday, hitting $38.45. The company's stock had a trading volume of 1,014,287 shares, compared to its average volume of 2,529,792. The firm has a 50-day moving average price of $37.52 and a 200 day moving average price of $33.57. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 5.14 and a beta of 1.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54. Range Resources Co. has a fifty-two week low of $27.29 and a fifty-two week high of $41.95.

Range Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, December 13th. Range Resources's dividend payout ratio (DPR) is currently 16.16%.

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.