1 day Ago By ABMN Staff
American Century Companies Inc. boosted its holdings in Range Resources Co. ( NYSE:RRC – Free Report ) by 7.
9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 361,966 shares of the oil and gas exploration company’s stock after purchasing an additional 26,526 shares during the quarter. American Century Companies Inc.
’s holdings in Range Resources were worth $13,024,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also bought and sold shares of the business. Xponance Inc.
grew its position in shares of Range Resources by 4.6% during the fourth quarter. Xponance Inc.
now owns 27,186 shares of the oil and gas exploration company’s stock worth $978,000 after purchasing an additional 1,202 shares in the last quarter. Boston Partners boosted its stake in Range Resources by 4.9% in the 4th quarter.
Boston Partners now owns 7,976,052 shares of the oil and gas exploration company’s stock worth $287,078,000 after purchasing an additional 371,777 shares during the period. NFC Investments LLC purchased a new stake in Range Resources during the 4th quarter valued at approximately $5,379,000. Natixis Advisors LLC raised its position in shares of Range Resources by 10.
4% during the fourth quarter. Natixis Advisors LLC now owns 143,370 shares of the oil and gas exploration company’s stock valued at $5,158,000 after buying an additional 13,491 shares during the last quarter. Finally, Wellington Shields Capital Management LLC lifted its holdings in shares of Range Resources by 1,492.
7% in the fourth quarter. Wellington Shields Capital Management LLC now owns 335,914 shares of the oil and gas exploration company’s stock worth $12,086,000 after buying an additional 314,823 shares in the last quarter. 98.
93% of the stock is owned by institutional investors. Wall Street Analysts Forecast Growth A number of analysts have issued reports on RRC shares. Wells Fargo & Company lifted their price target on shares of Range Resources from $38.
00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Stephens boosted their target price on Range Resources from $43.
00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Barclays set a $43.
00 price target on Range Resources and gave the company an “equal weight” rating in a report on Thursday, February 27th. Raymond James upped their price objective on Range Resources from $46.00 to $55.
00 and gave the stock an “outperform” rating in a report on Monday. Finally, Williams Trading set a $40.00 target price on shares of Range Resources in a report on Wednesday, March 5th.
One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $41.
60. Range Resources Price Performance RRC opened at $40.21 on Wednesday.
The business has a fifty day moving average of $38.48 and a 200 day moving average of $35.37.
The stock has a market cap of $9.70 billion, a P/E ratio of 20.31, a PEG ratio of 5.
11 and a beta of 1.80. The company has a quick ratio of 0.
54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28.
Range Resources Co. has a 52-week low of $27.29 and a 52-week high of $41.
95. Range Resources ( NYSE:RRC – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 25th. The oil and gas exploration company reported $0.
68 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.13.
Range Resources had a net margin of 17.63% and a return on equity of 13.69%.
The firm had revenue of $626.42 million for the quarter, compared to analysts’ expectations of $676.53 million.
During the same period in the prior year, the business posted $0.63 earnings per share. As a group, sell-side analysts anticipate that Range Resources Co.
will post 2.02 EPS for the current year. Range Resources Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, March 28th.
Stockholders of record on Friday, March 14th were paid a dividend of $0.09 per share. This represents a $0.
36 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, March 14th.
This is an increase from Range Resources’s previous quarterly dividend of $0.08. Range Resources’s payout ratio is currently 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. Recommended Stories 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 – Free Report ). 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 .
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