Range Resources Co. (NYSE:RRC) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its holdings in shares of Range Resources Co. (NYSE:RRC) by 74.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,948 shares of the oil and gas exploration company’s stock after selling 5,543 shares during the quarter. Farther Finance Advisors LLC’s holdings in Range Resources were worth $60,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its stake in Range Resources by 25.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,633,567 shares of the oil and gas exploration company’s stock worth $985,855,000 after acquiring an additional 5,759,883 shares during the period. Vanguard Group Inc. increased its stake in shares of Range Resources by 4.1% in the first quarter. Vanguard Group Inc. now owns 24,490,639 shares of the oil and gas exploration company’s stock valued at $843,213,000 after purchasing an additional 959,011 shares during the period. Boston Partners increased its stake in shares of Range Resources by 2.1% in the first quarter. Boston Partners now owns 6,531,086 shares of the oil and gas exploration company’s stock valued at $224,912,000 after purchasing an additional 133,565 shares during the period. Lingotto Investment Management LLP increased its stake in shares of Range Resources by 1.5% in the second quarter. Lingotto Investment Management LLP now owns 6,451,726 shares of the oil and gas exploration company’s stock valued at $216,326,000 after purchasing an additional 93,782 shares during the period. Finally, KGH Ltd increased its stake in shares of Range Resources by 3.2% in the second quarter. KGH Ltd now owns 6,080,000 shares of the oil and gas exploration company’s stock valued at $203,862,000 after purchasing an additional 190,000 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Range Resources Trading Down 0.6 %

Shares of NYSE:RRC opened at $33.90 on Thursday. The company has a 50 day moving average price of $30.76 and a 200 day moving average price of $32.64. Range Resources Co. has a 1-year low of $27.29 and a 1-year high of $39.33. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market capitalization of $8.18 billion, a price-to-earnings ratio of 17.12 and a beta of 1.80.

Range Resources (NYSE:RRC) last posted its quarterly earnings data on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.16. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. The firm had revenue of $615.03 million during the quarter, compared to analyst estimates of $617.90 million. During the same quarter last year, the business posted $0.43 EPS. The company’s revenue was up .9% on a year-over-year basis. On average, research analysts anticipate that Range Resources Co. will post 1.87 EPS for the current fiscal year.

Range Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Friday, September 13th. Range Resources’s dividend payout ratio is 16.16%.

Insider Buying and Selling

In other Range Resources news, VP Ashley Kavanaugh sold 12,700 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $31.45, for a total value of $399,415.00. Following the completion of the sale, the vice president now owns 9,670 shares in the company, valued at $304,121.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Range Resources news, VP Ashley Kavanaugh sold 12,700 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $31.45, for a total value of $399,415.00. Following the completion of the sale, the vice president now owns 9,670 shares in the company, valued at $304,121.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles G. Griffie bought 1,275 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was bought at an average price of $31.46 per share, with a total value of $40,111.50. Following the transaction, the director now owns 5,921 shares in the company, valued at approximately $186,274.66. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RRC shares. Benchmark restated a “hold” rating on shares of Range Resources in a research note on Wednesday, October 23rd. Barclays upgraded shares of Range Resources from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $35.00 to $34.00 in a report on Wednesday, October 2nd. StockNews.com upgraded shares of Range Resources to a “sell” rating in a report on Tuesday. Wolfe Research initiated coverage on shares of Range Resources in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Scotiabank upgraded shares of Range Resources from a “sector perform” rating to a “sector outperform” rating and set a $45.00 price objective for the company in a report on Tuesday, August 20th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $35.00.

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.