Range Resources Corporation $RRC Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its holdings in Range Resources Corporation (NYSE:RRC) by 4.9% during the first quarter, Holdings Channel.com reports. The firm owned 384,752 shares of the oil and gas exploration company’s stock after selling 19,937 shares during the period. Segall Bryant & Hamill LLC’s holdings in Range Resources were worth $17,383,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of RRC. Boston Partners grew its holdings in shares of Range Resources by 59.3% during the 3rd quarter. Boston Partners now owns 11,817,550 shares of the oil and gas exploration company’s stock worth $445,196,000 after purchasing an additional 4,398,042 shares during the period. AQR Capital Management LLC raised its holdings in Range Resources by 517.6% in the 3rd quarter. AQR Capital Management LLC now owns 2,440,277 shares of the oil and gas exploration company’s stock valued at $91,852,000 after buying an additional 2,045,165 shares during the period. UBS Group AG lifted its position in Range Resources by 66.3% in the fourth quarter. UBS Group AG now owns 3,588,540 shares of the oil and gas exploration company’s stock valued at $126,532,000 after buying an additional 1,430,477 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Range Resources in the first quarter valued at about $64,481,000. Finally, Morgan Stanley boosted its stake in Range Resources by 54.1% during the fourth quarter. Morgan Stanley now owns 3,267,227 shares of the oil and gas exploration company’s stock worth $115,202,000 after buying an additional 1,147,304 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RRC. Weiss Ratings cut shares of Range Resources from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Raymond James Financial set a $45.00 price objective on shares of Range Resources in a report on Monday, July 27th. Morgan Stanley dropped their target price on shares of Range Resources from $50.00 to $44.00 and set an “equal weight” rating for the company in a report on Monday, June 29th. Freedom Capital raised Range Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Finally, Zacks Research cut Range Resources from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $43.35.

Range Resources Price Performance

Range Resources stock opened at $40.22 on Friday. The company’s 50 day moving average is $37.96 and its two-hundred day moving average is $39.60. The firm has a market cap of $9.40 billion, a PE ratio of 11.11 and a beta of 0.41. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.18. Range Resources Corporation has a 52-week low of $32.60 and a 52-week high of $48.31.

Range Resources (NYSE:RRC) last announced its quarterly earnings data on Tuesday, July 21st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.13. The business had revenue of $759.58 million for the quarter, compared to analysts’ expectations of $744.78 million. Range Resources had a return on equity of 18.63% and a net margin of 25.04%.The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.66 earnings per share. On average, research analysts expect that Range Resources Corporation will post 3.49 EPS for the current fiscal year.

Range Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, June 12th. Range Resources’s dividend payout ratio (DPR) is presently 11.05%.

Range Resources Company Profile

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania’s Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company’s technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.