8,454 Shares in Range Resources Co. (NYSE:RRC) Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new stake in shares of Range Resources Co. (NYSE:RRC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,454 shares of the oil and gas exploration company’s stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in RRC. Nisa Investment Advisors LLC boosted its position in shares of Range Resources by 0.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 66,630 shares of the oil and gas exploration company’s stock valued at $2,397,000 after acquiring an additional 420 shares during the period. UMB Bank n.a. grew 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 worth $41,000 after purchasing an additional 426 shares during the last quarter. Diversify Wealth Management LLC increased its holdings in shares of Range Resources by 30.1% during the 4th quarter. Diversify Wealth Management LLC now owns 14,997 shares of the oil and gas exploration company’s stock worth $572,000 after purchasing an additional 3,466 shares during the period. Canoe Financial LP raised its position in shares of Range Resources by 9.4% during the fourth quarter. Canoe Financial LP now owns 2,911,509 shares of the oil and gas exploration company’s stock valued at $104,595,000 after buying an additional 251,200 shares during the last quarter. Finally, Radnor Capital Management LLC lifted its stake in shares of Range Resources by 156.2% in the fourth quarter. Radnor Capital Management LLC now owns 42,993 shares of the oil and gas exploration company’s stock valued at $1,547,000 after buying an additional 26,213 shares during the period. 98.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RRC has been the subject of several recent research reports. UBS Group raised Range Resources from a “sell” rating to a “neutral” rating and upped their price target for the company from $28.00 to $35.00 in a report on Monday, December 9th. Truist Financial lifted their price target on shares of Range Resources from $31.00 to $35.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Wolfe Research raised shares of Range Resources from a “peer perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Friday, January 3rd. Mizuho raised their price objective on shares of Range Resources from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $40.00 target price on shares of Range Resources in a research note on Tuesday, January 14th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $38.00.

Range Resources Stock Performance

Shares of RRC stock opened at $39.55 on Wednesday. The company has a fifty day moving average price of $36.92 and a two-hundred day moving average price of $33.20. Range Resources Co. has a one year low of $27.29 and a one year high of $41.95. The stock has a market cap of $9.54 billion, a P/E ratio of 19.97 and a beta of 1.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54.

Range Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, December 13th. Range Resources’s dividend 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.