Capital Advisors Inc. OK Purchases Shares of 10,000 Range Resources Co. (NYSE:RRC)

Capital Advisors Inc. OK acquired a new position in shares of Range Resources Co. (NYSE:RRC) in the fourth quarter, Holdings Channel reports. The fund acquired 10,000 shares of the oil and gas exploration company’s stock, valued at approximately $360,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RRC. Brooklyn Investment Group acquired a new position in Range Resources in the third quarter worth about $25,000. UMB Bank n.a. grew its stake 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 purchasing an additional 426 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of Range Resources in the 4th quarter worth approximately $46,000. Blue Trust Inc. lifted its position in shares of 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 buying an additional 705 shares during the period. Finally, Versant Capital Management Inc boosted its stake in Range Resources by 42.8% in the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company’s stock valued at $56,000 after buying an additional 463 shares in the last quarter. 98.93% of the stock is owned by institutional investors.

Range Resources Trading Down 2.9 %

RRC opened at $38.43 on Thursday. 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 cap of $9.27 billion, a price-to-earnings ratio of 19.41 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. The firm has a 50 day simple moving average of $36.99 and a 200 day simple moving average of $33.24.

Range Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Friday, December 13th. Range Resources’s dividend payout ratio (DPR) is currently 16.16%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Truist Financial increased their price objective on Range Resources from $31.00 to $35.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Bank of America raised shares of Range Resources from a “neutral” rating to a “buy” rating and upped their target price for the stock from $34.00 to $45.00 in a report on Monday, January 13th. Barclays lifted their price target on shares of Range Resources from $34.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Scotiabank cut shares of Range Resources from a “sector outperform” rating to a “sector perform” rating and set a $45.00 price objective on the stock. in a research note on Friday, January 17th. Finally, Citigroup lifted their target price on shares of Range Resources from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $38.44.

Range Resources 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.