Wealth High Governance Capital Ltda Decreases Stock Holdings in Range Resources Co. (NYSE:RRC)

Wealth High Governance Capital Ltda trimmed its holdings in Range Resources Co. (NYSE:RRC - Free Report) by 84.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,001 shares of the oil and gas exploration company's stock after selling 167,635 shares during the quarter. Wealth High Governance Capital Ltda's holdings in Range Resources were worth $1,115,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in shares of Range Resources during the 3rd quarter worth approximately $25,000. Smartleaf Asset Management LLC increased its holdings in shares of Range Resources by 87.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the oil and gas exploration company's stock worth $37,000 after buying an additional 471 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Range Resources by 59.0% during the 4th quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company's stock worth $41,000 after buying an additional 426 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Range Resources during the 4th quarter worth approximately $46,000. Finally, Versant Capital Management Inc increased its holdings in shares of Range Resources by 42.8% during the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company's stock worth $56,000 after buying an additional 463 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Range Resources Price Performance

Range Resources stock opened at $37.50 on Wednesday. Range Resources Co. has a 12-month low of $27.29 and a 12-month high of $41.95. The stock has a market cap of $9.05 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 5.11 and a beta of 1.80. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $38.20 and a 200-day simple moving average of $34.28.

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Range Resources (NYSE:RRC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.13. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. The firm had revenue of $626.42 million during the quarter, compared to analysts' expectations of $676.53 million. During the same period in the previous year, the company earned $0.63 earnings per share. Equities analysts expect that Range Resources Co. will post 2.02 EPS for the current fiscal year.

Range Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.09 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Range Resources's previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 0.96%. Range Resources's payout ratio is 32.73%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RRC shares. Wolfe Research upgraded shares of Range Resources from a "peer perform" rating to an "outperform" rating and set a $42.00 target price for the company in a report on Friday, January 3rd. Scotiabank downgraded shares of Range Resources from a "sector outperform" rating to a "sector perform" rating and set a $45.00 target price for the company. in a report on Friday, January 17th. Benchmark reiterated a "hold" rating on shares of Range Resources in a report on Friday, January 17th. StockNews.com downgraded shares of Range Resources from a "hold" rating to a "sell" rating in a report on Friday, March 7th. Finally, UBS Group lifted their target price on shares of Range Resources from $39.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Range Resources presently has a consensus rating of "Hold" and an average price target of $39.11.

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.

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