Orser Capital Management LLC Has $1.66 Million Position in Range Resources Co. (NYSE:RRC)

Orser Capital Management LLC grew its stake in shares of Range Resources Co. (NYSE:RRC) by 1.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 53,993 shares of the oil and gas exploration company’s stock after buying an additional 550 shares during the period. Range Resources makes up 1.3% of Orser Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding. Orser Capital Management LLC’s holdings in Range Resources were worth $1,661,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in Range Resources by 21.2% during the second quarter. Fifth Third Bancorp now owns 1,709 shares of the oil and gas exploration company’s stock worth $57,000 after buying an additional 299 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Range Resources by 5.4% in the second quarter. CIBC Asset Management Inc now owns 6,801 shares of the oil and gas exploration company’s stock worth $228,000 after purchasing an additional 350 shares during the period. Pekin Hardy Strauss Inc. raised its holdings in shares of Range Resources by 6.0% during the second quarter. Pekin Hardy Strauss Inc. now owns 10,650 shares of the oil and gas exploration company’s stock worth $357,000 after acquiring an additional 600 shares during the period. GAMMA Investing LLC raised its holdings in shares of Range Resources by 20.8% during the second quarter. GAMMA Investing LLC now owns 3,529 shares of the oil and gas exploration company’s stock worth $118,000 after acquiring an additional 608 shares during the period. Finally, Cetera Advisors LLC raised its holdings in shares of Range Resources by 4.4% during the first quarter. Cetera Advisors LLC now owns 15,720 shares of the oil and gas exploration company’s stock worth $541,000 after acquiring an additional 665 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Analysts Set New Price Targets

RRC has been the subject of a number of analyst reports. Scotiabank raised shares of Range Resources from a “sector perform” rating to a “sector outperform” rating and set a $45.00 price objective for the company in a research report on Tuesday, August 20th. Mizuho dropped their price objective on shares of Range Resources from $47.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. UBS Group dropped their target price on shares of Range Resources from $30.00 to $27.00 and set a “sell” rating for the company in a research report on Wednesday, September 18th. Royal Bank of Canada restated a “sector perform” rating and issued a $39.00 target price on shares of Range Resources in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group lowered their price objective on shares of Range Resources from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $35.50.

Range Resources Trading Down 1.2 %

Shares of RRC traded down $0.40 during trading hours on Friday, hitting $32.31. 2,294,770 shares of the stock were exchanged, compared to its average volume of 2,351,537. Range Resources Co. has a fifty-two week low of $27.29 and a fifty-two week high of $39.33. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.58 and a quick ratio of 0.58. The business has a 50-day moving average of $30.04 and a 200-day moving average of $33.39. The firm has a market capitalization of $7.84 billion, a P/E ratio of 16.40 and a beta of 1.80.

Range Resources (NYSE:RRC) last posted its quarterly earnings data on Tuesday, July 23rd. The oil and gas exploration company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.05. The company had revenue of $641.30 million during the quarter, compared to analysts’ expectations of $610.24 million. Range Resources had a net margin of 17.62% and a return on equity of 13.93%. Range Resources’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 earnings per share. On average, research analysts expect that Range Resources Co. will post 1.87 EPS for the current year.

Range Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, September 13th. Range Resources’s dividend payout ratio (DPR) is 16.24%.

Insider Activity at Range Resources

In related news, VP Ashley Kavanaugh sold 12,700 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $31.45, for a total transaction of $399,415.00. Following the transaction, the vice president now directly owns 9,670 shares of the company’s stock, valued at $304,121.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.57% of the stock is owned by insiders.

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.