Range Resources Co. (NYSE:RRC) Stock Position Increased by Blue Trust Inc.

Blue Trust Inc. boosted its position in Range Resources Co. (NYSE:RRC) by 105.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,788 shares of the oil and gas exploration company’s stock after purchasing an additional 1,429 shares during the quarter. Blue Trust Inc.’s holdings in Range Resources were worth $100,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of RRC. Brooklyn Investment Group bought a new stake in Range Resources in the 3rd quarter valued at about $25,000. UMB Bank n.a. lifted its position in Range Resources by 59.0% in the 4th quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company’s stock valued at $41,000 after purchasing an additional 426 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in Range Resources in the 4th quarter valued at about $46,000. Versant Capital Management Inc lifted its position 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 purchasing an additional 463 shares during the last quarter. Finally, CWM LLC raised its position in shares of Range Resources by 276.8% during the 3rd quarter. CWM LLC now owns 2,306 shares of the oil and gas exploration company’s stock worth $71,000 after buying an additional 1,694 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on RRC shares. Wells Fargo & Company boosted their price target on shares of Range Resources from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. StockNews.com upgraded shares of Range Resources to a “sell” rating in a research report on Wednesday, November 27th. Benchmark restated a “hold” rating on shares of Range Resources in a research report on Friday, January 17th. The Goldman Sachs Group boosted their price target on shares of Range Resources from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Finally, Stephens boosted their price target on shares of Range Resources from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $38.78.

Range Resources Stock Performance

Shares of RRC opened at $38.47 on Friday. The company’s 50 day moving average price is $37.58 and its 200 day moving average price is $33.68. Range Resources Co. has a 52 week low of $27.29 and a 52 week high of $41.95. The company has a market capitalization of $9.28 billion, a PE ratio of 19.43, a PEG ratio of 5.11 and a beta of 1.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54.

Range Resources Dividend Announcement

The business also recently disclosed 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. 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 payout ratio is presently 16.16%.

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.