2 weeks Ago By Defense World Staff
Wells Fargo & Company MN lifted its stake in Range Resources Co. ( NYSE:RRC – Free Report ) by 17.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 151,050 shares of the oil and gas exploration company’s stock after buying an additional 22,013 shares during the period. Wells Fargo & Company MN owned about 0.06% of Range Resources worth $5,435,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its holdings in 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 acquiring an additional 471 shares during the last quarter. UMB Bank n.a.
raised its position in shares of Range Resources by 59.0% in 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 acquiring an additional 426 shares during the period. Headlands Technologies LLC bought a new position in shares of Range Resources during the fourth quarter worth $42,000.
Geneos Wealth Management Inc. acquired a new position in Range Resources in the fourth quarter valued at about $46,000. Finally, Versant Capital Management Inc increased its stake in 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 purchasing an additional 463 shares in the last quarter. 98.
93% of the stock is owned by institutional investors. Analysts Set New Price Targets A number of equities analysts have issued reports on RRC shares. Citigroup cut Range Resources from a “neutral” rating to a “reduce” rating in a report on Wednesday, March 5th.
Stephens set a $51.00 price objective on shares of Range Resources and gave the company an “overweight” rating in a research report on Thursday, April 3rd. UBS Group decreased their target price on Range Resources from $37.
00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and issued a $42.
00 price target on shares of Range Resources in a report on Friday, April 11th. Finally, Roth Capital raised Range Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company.
According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $41.43.
Range Resources Trading Up 0.1 % Shares of RRC stock opened at $34.14 on Friday.
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 stock has a fifty day simple moving average of $37.
22 and a two-hundred day simple moving average of $35.69. The firm has a market capitalization of $8.
24 billion, a PE ratio of 17.24, a PEG ratio of 5.11 and a beta of 1.
73. Range Resources ( NYSE:RRC – Get Free Report ) last released 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 analysts’ consensus estimates of $0.55 by $0.13.
The company 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 in the prior year, the firm earned $0.63 earnings per share. On average, analysts predict that Range Resources Co.
will post 2.02 EPS for the current fiscal year. Range Resources Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th.
Shareholders of record on Friday, March 14th were paid a dividend of $0.09 per share. This represents a $0.
36 annualized dividend and a yield of 1.05%. This is a positive change from Range Resources’s previous quarterly dividend of $0.
08. The ex-dividend date of this dividend was Friday, March 14th. Range Resources’s payout ratio is presently 32.
73%. 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. Read More Five stocks we like better than Range Resources What Makes a Stock a Good Dividend Stock? J.B.
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