Range Resources Co. (NYSE:RRC) Shares Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC lifted its holdings in shares of Range Resources Co. (NYSE:RRC) by 156.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,993 shares of the oil and gas exploration company’s stock after purchasing an additional 26,213 shares during the quarter. Radnor Capital Management LLC’s holdings in Range Resources were worth $1,547,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Canoe Financial LP increased its position in Range Resources by 114.9% during the 3rd quarter. Canoe Financial LP now owns 2,660,309 shares of the oil and gas exploration company’s stock worth $81,299,000 after purchasing an additional 1,422,200 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Range Resources by 61.9% during the third quarter. JPMorgan Chase & Co. now owns 1,579,579 shares of the oil and gas exploration company’s stock valued at $48,588,000 after acquiring an additional 604,199 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new stake in Range Resources during the 3rd quarter valued at approximately $11,508,000. Verition Fund Management LLC increased its stake in shares of Range Resources by 379.3% in the third quarter. Verition Fund Management LLC now owns 409,427 shares of the oil and gas exploration company’s stock worth $12,594,000 after buying an additional 324,011 shares during the last quarter. Finally, Sagefield Capital LP grew its holdings in Range Resources by 44.8% during the 2nd quarter. Sagefield Capital LP now owns 906,886 shares of the oil and gas exploration company’s stock worth $30,408,000 after acquiring an additional 280,452 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Insider Buying and Selling

In other news, Director Charles G. Griffie acquired 1,275 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were bought at an average price of $31.46 per share, with a total value of $40,111.50. Following the acquisition, the director now owns 5,921 shares of the company’s stock, valued at $186,274.66. This trade represents a 27.44 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.57% of the stock is owned by company insiders.

Range Resources Stock Up 2.9 %

Range Resources stock opened at $39.61 on Wednesday. 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 has a fifty day moving average price of $34.96 and a two-hundred day moving average price of $32.38. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 20.01 and a beta of 1.81. Range Resources Co. has a fifty-two week low of $27.29 and a fifty-two week high of $39.76.

Range Resources (NYSE:RRC) last issued its quarterly earnings results on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.32 by $0.16. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. The company had revenue of $615.03 million for the quarter, compared to the consensus estimate of $617.90 million. During the same period in the previous year, the business posted $0.43 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts forecast that Range Resources Co. will post 1.91 earnings per share for the current year.

Range Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, December 13th. Range Resources’s dividend payout ratio is currently 16.16%.

Wall Street Analysts Forecast Growth

RRC has been the subject of several research reports. Citigroup lifted their target price on Range Resources from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Wolfe Research raised Range Resources from a “peer perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a report on Friday, January 3rd. Stephens increased their price target on Range Resources from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Mizuho raised their price objective on shares of Range Resources from $40.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Finally, Bank of America raised Range Resources from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $34.00 to $45.00 in a report on Monday. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $37.16.

Range Resources Company 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.