Range Resources Co. (NYSE:RRC) Position Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Range Resources Co. (NYSE:RRC - Free Report) by 18.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,686 shares of the oil and gas exploration company's stock after buying an additional 10,100 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Range Resources were worth $2,363,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RRC. Victory Capital Management Inc. lifted its stake in Range Resources by 32.5% in the 3rd quarter. Victory Capital Management Inc. now owns 65,819 shares of the oil and gas exploration company's stock valued at $2,025,000 after buying an additional 16,134 shares in the last quarter. KBC Group NV lifted its stake in Range Resources by 11.5% in the 3rd quarter. KBC Group NV now owns 6,696 shares of the oil and gas exploration company's stock valued at $206,000 after buying an additional 688 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in Range Resources by 11.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 54,718 shares of the oil and gas exploration company's stock valued at $1,683,000 after buying an additional 5,517 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Range Resources by 0.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,197,000 shares of the oil and gas exploration company's stock valued at $36,820,000 after buying an additional 10,690 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its stake in Range Resources by 3.7% in the 3rd quarter. Pathstone Holdings LLC now owns 89,683 shares of the oil and gas exploration company's stock valued at $2,759,000 after buying an additional 3,238 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

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Range Resources Stock Down 0.6 %

NYSE RRC traded down $0.25 during trading hours on Thursday, hitting $40.26. The company had a trading volume of 1,491,974 shares, compared to its average volume of 2,294,717. Range Resources Co. has a fifty-two week low of $27.29 and a fifty-two week high of $41.95. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 5.11 and a beta of 1.80. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54. The firm's 50 day moving average is $38.47 and its 200 day moving average is $34.62.

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 (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.13. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. The firm had revenue of $626.42 million during the quarter, compared to the consensus estimate of $676.53 million. During the same period in the prior year, the firm earned $0.63 EPS. Sell-side analysts anticipate that Range Resources Co. will post 2.02 earnings per share for the current fiscal year.

Range Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, March 14th. This is an increase from Range Resources's previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 0.89%. Range Resources's dividend payout ratio (DPR) is currently 32.73%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Bank of America raised Range Resources from a "neutral" rating to a "buy" rating and increased their price target for the stock from $34.00 to $45.00 in a research note on Monday, January 13th. Benchmark reissued a "hold" rating on shares of Range Resources in a research note on Friday, January 17th. Scotiabank lowered Range Resources from a "sector outperform" rating to a "sector perform" rating and set a $45.00 price target on the stock. in a research note on Friday, January 17th. UBS Group increased their price target on Range Resources from $39.00 to $41.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, Truist Financial increased their price target on Range Resources from $35.00 to $37.00 and gave the stock a "hold" rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $39.95.

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.