Smartleaf Asset Management LLC Has $37,000 Stock Holdings in Range Resources Co. (NYSE:RRC)

Smartleaf Asset Management LLC increased its holdings in shares of Range Resources Co. (NYSE:RRC) by 87.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,012 shares of the oil and gas exploration company’s stock after buying an additional 471 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Range Resources were worth $37,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in Range Resources during the 3rd quarter worth $25,000. UMB Bank n.a. raised its position in shares of Range Resources by 59.0% during 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 period. Geneos Wealth Management Inc. acquired a new stake in shares of Range Resources during the fourth quarter worth about $46,000. Versant Capital Management Inc raised its position in shares of Range Resources by 42.8% during the fourth quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company’s stock worth $56,000 after purchasing an additional 463 shares during the period. Finally, Quent Capital LLC raised its holdings in Range Resources by 72.0% during the 4th quarter. Quent Capital LLC now owns 2,178 shares of the oil and gas exploration company’s stock worth $78,000 after buying an additional 912 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Range Resources Stock Performance

NYSE RRC opened at $37.50 on Wednesday. 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’s fifty day moving average price is $38.20 and its two-hundred day moving average price is $34.28. Range Resources Co. has a 1 year low of $27.29 and a 1 year high of $41.95. The firm has a market capitalization of $9.05 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 5.11 and a beta of 1.80.

Range Resources (NYSE:RRC) last issued its earnings results on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. The company had revenue of $626.42 million for the quarter, compared to analysts’ expectations of $676.53 million. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. During the same period in the prior year, the firm earned $0.63 EPS. As a group, research analysts anticipate that Range Resources Co. will post 2.02 EPS for the current year.

Range Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.09 dividend. This is a positive change from Range Resources’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.96%. Range Resources’s dividend payout ratio is currently 32.73%.

Analyst Ratings Changes

RRC has been the subject of several research analyst reports. Benchmark reissued a “hold” rating on shares of Range Resources in a research report on Friday, January 17th. Wells Fargo & Company upped their target price on shares of Range Resources from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Scotiabank downgraded Range Resources from a “sector outperform” rating to a “sector perform” rating and set a $45.00 price target on the stock. in a research note on Friday, January 17th. The Goldman Sachs Group upped their price objective on Range Resources from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Finally, Citigroup lowered Range Resources from a “neutral” rating to a “reduce” rating in a research report on Wednesday, March 5th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.11.

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.