Choreo LLC Sells 2,013 Shares of Range Resources Co. (NYSE:RRC)

Choreo LLC lowered its holdings in Range Resources Co. (NYSE:RRC) by 26.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,692 shares of the oil and gas exploration company’s stock after selling 2,013 shares during the quarter. Choreo LLC’s holdings in Range Resources were worth $207,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in Range Resources during the 3rd quarter worth approximately $25,000. UMB Bank n.a. grew its holdings in shares of Range Resources by 59.0% in the fourth 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. Blue Trust Inc. grew its position in shares of Range Resources by 107.8% during the 3rd quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company’s stock worth $46,000 after buying an additional 705 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in Range Resources in the fourth quarter worth approximately $46,000. Finally, Bogart Wealth LLC bought a new stake in shares of Range Resources in the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Range Resources Price Performance

NYSE RRC opened at $38.68 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $9.33 billion, a PE ratio of 19.54 and a beta of 1.77. Range Resources Co. has a 12-month low of $27.29 and a 12-month high of $41.95. The company has a 50 day moving average price of $37.17 and a two-hundred day moving average price of $33.34.

Range Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Friday, December 13th. Range Resources’s dividend payout ratio is presently 16.16%.

Analysts Set New Price Targets

Several equities research analysts have commented on RRC shares. Piper Sandler upped their price target on shares of Range Resources from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Mizuho increased their price target on Range Resources from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Stephens increased their price target on shares of Range Resources from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. StockNews.com raised shares of Range Resources to a “sell” rating in a research note on Wednesday, November 27th. Finally, Wolfe Research raised shares of Range Resources from a “peer perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research report on Friday, January 3rd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $38.78.

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.