WINTON GROUP Ltd bought a new stake in shares of Range Resources Co. (NYSE:RRC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,917 shares of the oil and gas exploration company's stock, valued at approximately $825,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new stake in shares of Range Resources in the third quarter valued at $25,000. Smartleaf Asset Management LLC lifted its holdings in Range Resources by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the oil and gas exploration company's stock valued at $37,000 after acquiring an additional 471 shares during the last quarter. UMB Bank n.a. boosted its position 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 valued at $41,000 after purchasing an additional 426 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Range Resources in the 4th quarter worth approximately $46,000. Finally, Versant Capital Management Inc grew its stake in shares of Range Resources by 42.8% in 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 purchasing an additional 463 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.
Range Resources Stock Down 6.1 %
Shares of Range Resources stock traded down $2.48 during midday trading on Thursday, reaching $38.13. 946,477 shares of the company's stock traded hands, compared to its average volume of 2,750,376. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54. Range Resources Co. has a 52 week low of $27.29 and a 52 week high of $41.95. The company's 50 day simple moving average is $38.47 and its 200 day simple moving average is $35.41. The company has a market cap of $9.20 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 5.11 and a beta of 1.73.
Range Resources (NYSE:RRC - Get Free Report) last announced its earnings results on Tuesday, February 25th. The oil and gas exploration company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.55 by $0.13. The firm had revenue of $626.42 million for the quarter, compared to the consensus estimate of $676.53 million. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. During the same quarter last year, the firm posted $0.63 EPS. Equities analysts expect that Range Resources Co. will post 2.02 earnings per share for the current fiscal year.
Range Resources Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Friday, March 14th. This is a positive change from Range Resources's previous quarterly dividend of $0.08. Range Resources's dividend payout ratio (DPR) is presently 32.73%.
Analyst Ratings Changes
A number of research firms recently weighed in on RRC. Scotiabank lowered Range Resources from a "sector outperform" rating to a "sector perform" rating and set a $45.00 price target for the company. in a research report on Friday, January 17th. 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. Bank of America upgraded shares of Range Resources from a "neutral" rating to a "buy" rating and boosted their price target for the company from $34.00 to $45.00 in a report on Monday, January 13th. UBS Group upped their price target on shares of Range Resources from $39.00 to $41.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, Stephens boosted their target price on shares of Range Resources from $43.00 to $44.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $41.60.
Get Our Latest Stock Analysis on RRC
About Range Resources
(
Free Report)
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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