Range Resources Co. (NYSE:RRC) Shares Bought by UMB Bank n.a.

UMB Bank n.a. lifted its holdings in shares of Range Resources Co. (NYSE:RRC) by 59.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,148 shares of the oil and gas exploration company’s stock after acquiring an additional 426 shares during the period. UMB Bank n.a.’s holdings in Range Resources were worth $41,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Diversify Wealth Management LLC boosted its stake in shares of Range Resources by 30.1% during the fourth quarter. Diversify Wealth Management LLC now owns 14,997 shares of the oil and gas exploration company’s stock worth $572,000 after buying an additional 3,466 shares during the period. Canoe Financial LP increased its holdings in shares of Range Resources by 9.4% in the fourth quarter. Canoe Financial LP now owns 2,911,509 shares of the oil and gas exploration company’s stock valued at $104,595,000 after purchasing an additional 251,200 shares during the period. Radnor Capital Management LLC lifted its holdings in shares of Range Resources by 156.2% during the fourth quarter. Radnor Capital Management LLC now owns 42,993 shares of the oil and gas exploration company’s stock worth $1,547,000 after purchasing an additional 26,213 shares during the period. Assenagon Asset Management S.A. purchased a new position in Range Resources in the 4th quarter valued at $4,792,000. Finally, GAMMA Investing LLC raised its position in Range Resources by 36.4% during the 4th quarter. GAMMA Investing LLC now owns 4,391 shares of the oil and gas exploration company’s stock worth $158,000 after buying an additional 1,172 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Range Resources Price Performance

Shares of RRC opened at $40.16 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 20.28 and a beta of 1.81. Range Resources Co. has a 52 week low of $27.29 and a 52 week high of $41.95. The stock has a 50 day moving average of $36.30 and a 200-day moving average of $32.82.

Range Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, December 13th. Range Resources’s dividend payout ratio (DPR) is presently 16.16%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on RRC shares. Stephens boosted their price target on shares of Range Resources from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Wolfe Research upgraded Range Resources from a “peer perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Friday, January 3rd. UBS Group upgraded shares of Range Resources from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $28.00 to $35.00 in a research report on Monday, December 9th. Bank of America upgraded shares of Range Resources from a “neutral” rating to a “buy” rating and raised their price objective for the company from $34.00 to $45.00 in a research note on Monday, January 13th. Finally, Benchmark reiterated a “hold” rating on shares of Range Resources in a research report on Friday, January 17th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Range Resources currently has a consensus rating of “Hold” and a consensus price target of $37.22.

About Range Resources

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.