U.S. Capital Wealth Advisors LLC bought a new position in shares of Range Resources Co. (NYSE:RRC – Get Rating) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,052 shares of the oil and gas exploration company’s stock, valued at approximately $76,000.
Other institutional investors have also recently made changes to their positions in the company. Pathstone Family Office LLC boosted its stake in Range Resources by 1.1% during the third quarter. Pathstone Family Office LLC now owns 35,014 shares of the oil and gas exploration company’s stock valued at $884,000 after buying an additional 388 shares during the last quarter. Profund Advisors LLC boosted its stake in Range Resources by 2.0% during the fourth quarter. Profund Advisors LLC now owns 21,474 shares of the oil and gas exploration company’s stock valued at $537,000 after buying an additional 420 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Range Resources by 17.4% during the third quarter. Quadrant Capital Group LLC now owns 3,399 shares of the oil and gas exploration company’s stock valued at $86,000 after buying an additional 504 shares during the last quarter. Ronald Blue Trust Inc. boosted its stake in Range Resources by 75.6% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,187 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 511 shares during the last quarter. Finally, United Services Automobile Association boosted its stake in Range Resources by 2.0% during the third quarter. United Services Automobile Association now owns 27,260 shares of the oil and gas exploration company’s stock valued at $688,000 after buying an additional 538 shares during the last quarter. Hedge funds and other institutional investors own 87.32% of the company’s stock.
Analysts Set New Price Targets
RRC has been the subject of a number of research reports. Stifel Nicolaus dropped their price target on Range Resources from $30.00 to $29.00 in a research note on Thursday. Wells Fargo & Company raised Range Resources from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $30.00 to $31.00 in a research note on Tuesday, April 11th. Tudor Pickering raised Range Resources from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, March 21st. Mizuho raised their price objective on Range Resources from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, April 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Range Resources in a research note on Wednesday, March 15th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $32.29.
Range Resources Trading Up 5.6 %
Range Resources (NYSE:RRC – Get Rating) last released its quarterly earnings data on Monday, April 24th. The oil and gas exploration company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.71 by $0.28. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $772.38 million. Range Resources had a return on equity of 45.55% and a net margin of 41.18%. Range Resources’s quarterly revenue was up 556.4% on a year-over-year basis. During the same period last year, the business posted $1.18 EPS. Analysts forecast that Range Resources Co. will post 2.23 earnings per share for the current year.
Range Resources Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, March 14th. This represents a $0.32 annualized dividend and a yield of 1.21%. Range Resources’s payout ratio is currently 3.76%.
About Range Resources
Range Resources Corp. engages in the exploration, development and acquisition of natural gas and oil properties in the Appalachian and Midcontinent regions. The company was founded in 1976 and is headquartered in Fort Worth, TX.
Read More
- Get a free copy of the StockNews.com research report on Range Resources (RRC)
- MarketBeat Week in Review – 4/24 – 4/28
- How to Invest in the Top Grocery Stocks for This Year
- Array Technologies Brings Solar Flare To 2023 Earnings Forecast
- Best Bank Stocks to Invest in Ahead of Rising Interest Rates
- How to Invest in Farmland: 7 Simple Ways
Want to see what other hedge funds are holding RRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Range Resources Co. (NYSE:RRC – Get Rating).
Receive News & Ratings for Range Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Range Resources and related companies with MarketBeat.com's FREE daily email newsletter.
