Vaughan Nelson Investment Management L.P. Sells 28,310 Shares of Range Resources Co. (NYSE:RRC)

Vaughan Nelson Investment Management L.P. lowered its stake in shares of Range Resources Co. (NYSE:RRC - Free Report) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,168,690 shares of the oil and gas exploration company's stock after selling 28,310 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.48% of Range Resources worth $42,049,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Howland Capital Management LLC bought a new position in shares of Range Resources during the 4th quarter worth about $205,000. Entropy Technologies LP acquired a new stake in Range Resources during the fourth quarter worth about $272,000. Empowered Funds LLC increased its stake in Range Resources by 1.2% during the fourth quarter. Empowered Funds LLC now owns 74,288 shares of the oil and gas exploration company's stock valued at $2,673,000 after acquiring an additional 845 shares during the period. Calamos Advisors LLC acquired a new position in Range Resources in the 4th quarter valued at approximately $567,000. Finally, Alliance Wealth Advisors LLC UT raised its stake in shares of Range Resources by 7.3% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 19,973 shares of the oil and gas exploration company's stock valued at $719,000 after purchasing an additional 1,367 shares in the last quarter. Institutional investors own 98.93% of the company's stock.

Range Resources Stock Down 2.9 %

RRC traded down $1.14 during trading hours on Wednesday, hitting $38.43. 2,368,851 shares of the company's stock were exchanged, compared to its average volume of 2,652,698. The stock has a market cap of $9.27 billion, a price-to-earnings ratio of 19.41 and a beta of 1.77. The stock's 50-day moving average is $36.99 and its two-hundred day moving average is $33.24. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28. Range Resources Co. has a 1-year low of $27.29 and a 1-year high of $41.95.

Range Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $0.08 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.83%. Range Resources's dividend payout ratio is 16.16%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $40.00 price target on shares of Range Resources in a research note on Tuesday, January 14th. Truist Financial increased their price objective on shares of Range Resources from $31.00 to $35.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Bank of America raised Range Resources from a "neutral" rating to a "buy" rating and lifted their target price for the company from $34.00 to $45.00 in a research note on Monday, January 13th. UBS Group raised shares of Range Resources from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $28.00 to $35.00 in a research note on Monday, December 9th. Finally, StockNews.com raised Range Resources to a "sell" rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $38.44.

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.