Range Resources Co. (NYSE:RRC) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its position in shares of Range Resources Co. (NYSE:RRC - Free Report) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 963,802 shares of the oil and gas exploration company's stock after selling 28,379 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.40% of Range Resources worth $29,647,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Range Resources by 4.1% during the first quarter. Vanguard Group Inc. now owns 24,490,639 shares of the oil and gas exploration company's stock valued at $843,213,000 after buying an additional 959,011 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in Range Resources in the 1st quarter worth approximately $220,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of Range Resources by 0.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 138,482 shares of the oil and gas exploration company's stock valued at $4,770,000 after purchasing an additional 1,183 shares in the last quarter. Natixis purchased a new stake in Range Resources during the first quarter worth $1,171,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Range Resources by 25.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,633,567 shares of the oil and gas exploration company's stock worth $985,855,000 after acquiring an additional 5,759,883 shares during the period. 98.93% of the stock is currently owned by institutional investors.

Range Resources Price Performance

RRC traded up $0.98 on Wednesday, hitting $35.32. 1,323,422 shares of the company were exchanged, compared to its average volume of 2,340,711. The business's fifty day moving average is $31.23 and its 200 day moving average is $32.57. Range Resources Co. has a fifty-two week low of $27.29 and a fifty-two week high of $39.33. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $8.52 billion, a P/E ratio of 17.34 and a beta of 1.80.

Range Resources (NYSE:RRC - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 13.69% and a net margin of 17.63%. Range Resources's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. As a group, sell-side analysts anticipate that Range Resources Co. will post 1.89 EPS for the current year.

Range Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.08 per share. The ex-dividend date was Friday, September 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.91%. Range Resources's dividend payout ratio (DPR) is currently 16.16%.

Insider Buying and Selling at Range Resources

In other Range Resources news, VP Ashley Kavanaugh sold 12,700 shares of the 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 transaction, the vice president now owns 9,670 shares of the company's stock, valued at $304,121.50. This trade represents a 56.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles G. Griffie acquired 1,275 shares of the stock in a transaction dated Thursday, October 24th. The shares were bought at an average cost of $31.46 per share, with a total value 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. This trade represents a 27.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on RRC shares. StockNews.com upgraded Range Resources to a "sell" rating in a research report on Tuesday, November 12th. Susquehanna cut their price objective on shares of Range Resources from $36.00 to $31.00 and set a "neutral" rating for the company in a report on Wednesday, September 4th. Scotiabank upgraded Range Resources from a "sector perform" rating to a "sector outperform" rating and set a $45.00 price objective on the stock in a research report on Tuesday, August 20th. JPMorgan Chase & Co. dropped their price objective on shares of Range Resources from $37.00 to $31.00 and set an "underweight" rating for the company in a report on Thursday, September 12th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $39.00 price objective on shares of Range Resources in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $34.94.

About Range Resources

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.