Range Resources Co. (NYSE:RRC) Holdings Raised by Strs Ohio

Strs Ohio grew its stake in shares of Range Resources Co. (NYSE:RRCGet Rating) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,645 shares of the oil and gas exploration company’s stock after purchasing an additional 541 shares during the period. Strs Ohio’s holdings in Range Resources were worth $546,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Truist Financial Corp lifted its holdings in shares of Range Resources by 9.0% during the third quarter. Truist Financial Corp now owns 11,166 shares of the oil and gas exploration company’s stock valued at $282,000 after purchasing an additional 925 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new stake in Range Resources in the 3rd quarter worth about $344,000. USA Financial Portformulas Corp purchased a new stake in Range Resources in the 3rd quarter worth about $109,000. Main Street Financial Solutions LLC purchased a new stake in Range Resources in the 3rd quarter worth about $200,000. Finally, Calamos Advisors LLC lifted its stake in Range Resources by 90.7% in the 3rd quarter. Calamos Advisors LLC now owns 76,336 shares of the oil and gas exploration company’s stock worth $1,928,000 after acquiring an additional 36,310 shares in the last quarter. 87.32% of the stock is owned by hedge funds and other institutional investors.

Range Resources Price Performance

Shares of RRC stock opened at $25.40 on Thursday. The stock has a 50 day moving average of $26.52 and a two-hundred day moving average of $28.46. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.85. Range Resources Co. has a 12 month low of $16.71 and a 12 month high of $37.44. The company has a market capitalization of $6.14 billion, a P/E ratio of 5.22, a P/E/G ratio of 0.21 and a beta of 2.11.

Range Resources (NYSE:RRCGet Rating) last announced its quarterly earnings data on Monday, October 24th. The oil and gas exploration company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. Range Resources had a return on equity of 60.30% and a net margin of 30.87%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company earned $0.52 EPS. The company’s quarterly revenue was up 267.0% on a year-over-year basis. As a group, equities analysts expect that Range Resources Co. will post 4.88 EPS for the current year.

Range Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.26%. Range Resources’s dividend payout ratio (DPR) is presently 6.57%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. TD Securities raised Range Resources from a “hold” rating to a “buy” rating and increased their price objective for the stock from $32.00 to $33.00 in a research note on Thursday, September 29th. Mizuho reissued a “neutral” rating and issued a $32.00 price objective (down from $38.00) on shares of Range Resources in a research note on Tuesday, January 10th. Susquehanna raised Range Resources from a “neutral” rating to a “positive” rating and set a $38.00 target price on the stock in a research report on Wednesday, October 26th. Jefferies Financial Group initiated coverage on Range Resources in a research report on Wednesday, October 19th. They issued a “hold” rating and a $31.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their target price on Range Resources from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, September 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $35.38.

Range Resources Company Profile

(Get Rating)

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. As of December 31, 2021, the company owned and operated 1,350 net producing wells and approximately 794,000 net acres under lease located in the Appalachian region of the northeastern United States.

Further Reading

Want to see what other hedge funds are holding RRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Range Resources Co. (NYSE:RRCGet Rating).

Institutional Ownership by Quarter for Range Resources (NYSE:RRC)

Receive News & Ratings for Range Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Range Resources and related companies with MarketBeat.com's FREE daily email newsletter.