Range Resources Co. (NYSE:RRC) Shares Purchased by Boston Partners

Boston Partners lifted its position in Range Resources Co. (NYSE:RRC) by 4.9% in the fourth quarter, Holdings Channel reports. The firm owned 7,976,052 shares of the oil and gas exploration company’s stock after acquiring an additional 371,777 shares during the period. Boston Partners’ holdings in Range Resources were worth $287,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in RRC. Victory Capital Management Inc. boosted its position in shares of Range Resources by 32.5% in the 3rd quarter. Victory Capital Management Inc. now owns 65,819 shares of the oil and gas exploration company’s stock valued at $2,025,000 after purchasing an additional 16,134 shares during the period. KBC Group NV lifted its position in Range Resources by 11.5% during the 3rd quarter. KBC Group NV now owns 6,696 shares of the oil and gas exploration company’s stock worth $206,000 after acquiring an additional 688 shares during the period. OneDigital Investment Advisors LLC lifted its position in Range Resources by 11.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 54,718 shares of the oil and gas exploration company’s stock worth $1,683,000 after acquiring an additional 5,517 shares during the period. Pathstone Holdings LLC lifted its position in Range Resources by 3.7% during the 3rd quarter. Pathstone Holdings LLC now owns 89,683 shares of the oil and gas exploration company’s stock worth $2,759,000 after acquiring an additional 3,238 shares during the period. Finally, W.G. Shaheen & Associates DBA Whitney & Co lifted its position in Range Resources by 62.6% during the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 298,988 shares of the oil and gas exploration company’s stock worth $9,197,000 after acquiring an additional 115,142 shares during the period. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on RRC shares. Piper Sandler increased their price objective on Range Resources from $32.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, March 6th. The Goldman Sachs Group increased 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. Wells Fargo & Company raised their price target on Range Resources from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $40.00 price target on shares of Range Resources in a report on Tuesday, January 14th. Finally, UBS Group raised their price target on Range Resources from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.95.

Range Resources Stock Up 1.5 %

Shares of Range Resources stock opened at $38.88 on Tuesday. 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 firm has a market cap of $9.38 billion, a P/E ratio of 19.63, a P/E/G ratio of 5.11 and a beta of 1.80. Range Resources Co. has a fifty-two week low of $27.29 and a fifty-two week high of $41.95. The business has a 50-day moving average price of $38.35 and a 200 day moving average price of $34.51.

Range Resources (NYSE:RRC) last announced its quarterly earnings data on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.13. The firm had revenue of $626.42 million during the quarter, compared to analyst estimates of $676.53 million. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. During the same period in the previous year, the company earned $0.63 earnings per share. On average, sell-side analysts forecast that Range Resources Co. will post 2.02 earnings per share for the current fiscal year.

Range Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Range Resources’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 0.93%. Range Resources’s dividend payout ratio is 32.73%.

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.