Empowered Funds LLC Acquires 845 Shares of Range Resources Co. (NYSE:RRC)

Empowered Funds LLC increased its holdings in shares of Range Resources Co. (NYSE:RRC) by 1.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 74,288 shares of the oil and gas exploration company’s stock after purchasing an additional 845 shares during the quarter. Empowered Funds LLC’s holdings in Range Resources were worth $2,673,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Brooklyn Investment Group bought a new stake in Range Resources during the 3rd quarter worth approximately $25,000. UMB Bank n.a. increased its stake in 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 worth $41,000 after purchasing an additional 426 shares in the last quarter. Blue Trust Inc. increased its stake in Range Resources by 107.8% during the 3rd quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company’s stock worth $46,000 after purchasing an additional 705 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in Range Resources during the 4th quarter worth approximately $46,000. Finally, Bogart Wealth LLC bought a new stake in Range Resources during the 3rd quarter worth approximately $49,000. 98.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RRC. Stephens raised their price target on shares of Range Resources from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. StockNews.com raised shares of Range Resources to a “sell” rating in a research note on Wednesday, November 27th. Citigroup raised their price target on shares of Range Resources from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Piper Sandler raised their price target on shares of Range Resources from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $40.00 price target on shares of Range Resources in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $38.78.

Range Resources Trading Up 0.8 %

Shares of Range Resources stock opened at $38.80 on Friday. The business has a fifty day simple moving average of $37.08 and a two-hundred day simple moving average of $33.28. Range Resources Co. has a 1 year low of $27.29 and a 1 year high of $41.95. The company has a market capitalization of $9.36 billion, a price-to-earnings ratio of 19.60 and a beta of 1.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54.

Range Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, December 13th. Range Resources’s dividend payout ratio is 16.16%.

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.