1,160 Shares in Range Resources Co. (NYSE:RRC) Bought by Headlands Technologies LLC

Headlands Technologies LLC acquired a new stake in shares of Range Resources Co. (NYSE:RRC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,160 shares of the oil and gas exploration company’s stock, valued at approximately $42,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Partners grew its holdings in Range Resources by 4.9% during the 4th quarter. Boston Partners now owns 7,976,052 shares of the oil and gas exploration company’s stock valued at $287,078,000 after purchasing an additional 371,777 shares during the last quarter. Lingotto Investment Management LLP grew its stake in shares of Range Resources by 2.5% during the fourth quarter. Lingotto Investment Management LLP now owns 6,864,038 shares of the oil and gas exploration company’s stock valued at $246,968,000 after buying an additional 165,242 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Range Resources by 0.9% in the third quarter. Geode Capital Management LLC now owns 4,003,299 shares of the oil and gas exploration company’s stock worth $123,174,000 after buying an additional 35,344 shares during the period. Canoe Financial LP lifted its stake in shares of Range Resources by 9.4% during the 4th quarter. Canoe Financial LP now owns 2,911,509 shares of the oil and gas exploration company’s stock worth $104,595,000 after acquiring an additional 251,200 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Range Resources by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,112,602 shares of the oil and gas exploration company’s stock valued at $76,011,000 after acquiring an additional 94,898 shares during the period. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RRC shares. Truist Financial increased their target price on Range Resources from $35.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday, March 17th. Piper Sandler upped their target price on shares of Range Resources from $32.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, March 6th. Mizuho lifted their price target 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. Morgan Stanley raised Range Resources from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $40.00 to $49.00 in a research note on Wednesday, March 26th. Finally, Scotiabank downgraded Range Resources from a “sector outperform” rating to a “sector perform” rating and set a $45.00 price objective on the stock. in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $41.70.

Range Resources Stock Up 0.0 %

Shares of Range Resources stock opened at $33.47 on Tuesday. Range Resources Co. has a 52-week low of $27.29 and a 52-week high of $41.95. The firm’s 50 day moving average price is $38.22 and its 200-day moving average price is $35.56. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28. The company has a market cap of $8.08 billion, a P/E ratio of 16.90, a PEG ratio of 5.11 and a beta of 1.73.

Range Resources (NYSE:RRC) last released its quarterly earnings results on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.13. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. The business had revenue of $626.42 million for the quarter, compared to analyst estimates of $676.53 million. During the same period in the previous year, the company earned $0.63 earnings per share. On average, sell-side analysts predict that Range Resources Co. will post 2.02 EPS for the current fiscal year.

Range Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.09 dividend. The ex-dividend date was Friday, March 14th. This is a boost from Range Resources’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 1.08%. Range Resources’s dividend payout ratio (DPR) is 32.73%.

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.