W.G. Shaheen & Associates DBA Whitney & Co Has $11.26 Million Holdings in Range Resources Co. (NYSE:RRC)

W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in Range Resources Co. (NYSE:RRC) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 312,918 shares of the oil and gas exploration company’s stock after acquiring an additional 13,930 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co owned approximately 0.13% of Range Resources worth $11,259,000 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 stock. Canoe Financial LP lifted its position in shares of Range Resources by 114.9% in the 3rd quarter. Canoe Financial LP now owns 2,660,309 shares of the oil and gas exploration company’s stock worth $81,299,000 after acquiring an additional 1,422,200 shares during the period. JPMorgan Chase & Co. boosted its stake in Range Resources by 61.9% during the third quarter. JPMorgan Chase & Co. now owns 1,579,579 shares of the oil and gas exploration company’s stock worth $48,588,000 after buying an additional 604,199 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new position in shares of Range Resources in the 3rd quarter valued at $11,508,000. Verition Fund Management LLC lifted its holdings in shares of Range Resources by 379.3% during the 3rd quarter. Verition Fund Management LLC now owns 409,427 shares of the oil and gas exploration company’s stock worth $12,594,000 after acquiring an additional 324,011 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Range Resources by 180.8% during the 3rd quarter. Barclays PLC now owns 222,017 shares of the oil and gas exploration company’s stock worth $6,830,000 after acquiring an additional 142,938 shares during the period. Institutional investors own 98.93% of the company’s stock.

Range Resources Stock Down 3.0 %

Shares of RRC opened at $38.47 on Monday. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 5.11 and a beta of 1.78. Range Resources Co. has a 52 week low of $27.29 and a 52 week high of $41.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54. The business’s fifty day moving average price is $37.58 and its two-hundred day moving average price is $33.71.

Range Resources Announces Dividend

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

Analysts Set New Price Targets

RRC has been the subject of a number of analyst reports. Benchmark restated a “hold” rating on shares of Range Resources in a research note on Friday, January 17th. Truist Financial raised their target price on Range Resources from $31.00 to $35.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $40.00 price target on shares of Range Resources in a research report on Tuesday, January 14th. UBS Group lifted their price objective on Range Resources from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, Barclays boosted their target price on shares of Range Resources from $34.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Three 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. Based on data from MarketBeat.com, Range Resources presently has an average rating of “Hold” and an average target price of $38.78.

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.