Range Resources Co. (NYSE:RRC) Shares Bought by Blue Trust Inc.

Blue Trust Inc. boosted its position in shares of Range Resources Co. (NYSE:RRC) by 152.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,426 shares of the oil and gas exploration company’s stock after purchasing an additional 2,067 shares during the quarter. Blue Trust Inc.’s holdings in Range Resources were worth $123,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brooklyn Investment Group acquired a new position in Range Resources during the third quarter worth about $25,000. UMB Bank n.a. raised its position in shares of Range Resources by 59.0% during the 4th quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company’s stock worth $41,000 after purchasing an additional 426 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in Range Resources in the 4th quarter valued at approximately $46,000. Versant Capital Management Inc lifted its stake in Range Resources by 42.8% in the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company’s stock valued at $56,000 after buying an additional 463 shares in the last quarter. Finally, Bogart Wealth LLC acquired a new stake in Range Resources during the 3rd quarter valued at $49,000. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on RRC shares. Benchmark restated a “hold” rating on shares of Range Resources in a research report on Friday, January 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $40.00 target price on shares of Range Resources in a report on Tuesday, January 14th. Bank of America upgraded shares of Range Resources from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $34.00 to $45.00 in a report on Monday, January 13th. Truist Financial upped their price objective on shares of Range Resources from $31.00 to $35.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, Scotiabank cut shares of Range Resources from a “sector outperform” rating to a “sector perform” rating and set a $45.00 target price for the company. in a research note on Friday, January 17th. Three equities 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. According to MarketBeat.com, Range Resources currently has an average rating of “Hold” and an average price target of $38.00.

Range Resources Trading Down 3.5 %

Shares of RRC stock opened at $37.59 on Friday. Range Resources Co. has a fifty-two week low of $27.29 and a fifty-two week high of $41.95. The firm’s 50 day moving average price is $36.70 and its two-hundred day moving average price is $33.06. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 18.98 and a beta of 1.77. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28.

Range Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Friday, December 13th. Range Resources’s dividend payout ratio (DPR) is presently 16.16%.

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.