Dori Ginn Sells 25,000 Shares of Range Resources Co. (NYSE:RRC) Stock

Range Resources Co. (NYSE:RRC) SVP Dori Ginn sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $37.35, for a total transaction of $933,750.00. Following the transaction, the senior vice president now owns 85,804 shares of the company’s stock, valued at approximately $3,204,779.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Range Resources Stock Down 3.7 %

Shares of NYSE RRC opened at $34.01 on Wednesday. Range Resources Co. has a one year low of $22.61 and a one year high of $37.88. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s 50 day simple moving average is $33.27 and its two-hundred day simple moving average is $30.51. The stock has a market capitalization of $8.21 billion, a P/E ratio of 6.09, a PEG ratio of 0.66 and a beta of 2.09.

Range Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Thursday, September 14th. Range Resources’s payout ratio is currently 5.73%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RRC. Great Lakes Advisors LLC bought a new position in shares of Range Resources in the third quarter worth approximately $8,374,000. Cookson Peirce & Co. Inc. bought a new position in shares of Range Resources in the third quarter worth approximately $10,308,000. Jump Financial LLC grew its holdings in shares of Range Resources by 16.0% in the third quarter. Jump Financial LLC now owns 15,845 shares of the oil and gas exploration company’s stock worth $514,000 after purchasing an additional 2,191 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Range Resources by 1.2% in the third quarter. Arizona State Retirement System now owns 68,702 shares of the oil and gas exploration company’s stock worth $2,227,000 after purchasing an additional 819 shares during the last quarter. Finally, Smithfield Trust Co grew its holdings in shares of Range Resources by 392.8% in the third quarter. Smithfield Trust Co now owns 1,971 shares of the oil and gas exploration company’s stock worth $64,000 after purchasing an additional 1,571 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on RRC shares. Wells Fargo & Company lifted their price objective on shares of Range Resources from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. Morgan Stanley lifted their price objective on shares of Range Resources from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Monday, October 2nd. Bank of America lifted their price objective on shares of Range Resources from $44.00 to $47.00 in a research note on Wednesday, September 27th. Stephens reiterated an “overweight” rating and issued a $34.00 price objective on shares of Range Resources in a research note on Tuesday, July 25th. Finally, Truist Financial boosted their price target on shares of Range Resources from $29.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, September 11th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $36.05.

Range Resources Company Profile

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. It markets and sells natural gas and NGLs to utilities, marketing and midstream companies, and industrial users; petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.