Mutual of America Capital Management LLC Has $4.55 Million Stock Holdings in Range Resources Co. (NYSE:RRC)

Mutual of America Capital Management LLC decreased its position in shares of Range Resources Co. (NYSE:RRC) by 5.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 149,330 shares of the oil and gas exploration company’s stock after selling 7,778 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Range Resources were worth $4,546,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of RRC. Price T Rowe Associates Inc. MD lifted its holdings in Range Resources by 143.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,897,553 shares of the oil and gas exploration company’s stock worth $103,169,000 after buying an additional 2,296,114 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Range Resources by 55.5% in the 1st quarter. Renaissance Technologies LLC now owns 4,007,083 shares of the oil and gas exploration company’s stock valued at $106,067,000 after purchasing an additional 1,429,500 shares during the period. Morgan Stanley lifted its stake in shares of Range Resources by 34.0% in the 4th quarter. Morgan Stanley now owns 2,940,913 shares of the oil and gas exploration company’s stock valued at $73,582,000 after purchasing an additional 746,228 shares during the period. Invesco Ltd. lifted its stake in shares of Range Resources by 22.4% in the 3rd quarter. Invesco Ltd. now owns 3,796,629 shares of the oil and gas exploration company’s stock valued at $123,049,000 after purchasing an additional 693,970 shares during the period. Finally, PointState Capital LP acquired a new position in shares of Range Resources in the 1st quarter valued at $19,929,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Range Resources Price Performance

RRC stock opened at $35.05 on Tuesday. The stock has a 50-day moving average price of $32.49 and a two-hundred day moving average price of $32.16. Range Resources Co. has a 1 year low of $23.92 and a 1 year high of $37.88. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The stock has a market cap of $8.49 billion, a PE ratio of 9.90 and a beta of 1.83.

Range Resources (NYSE:RRC) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas exploration company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.21. Range Resources had a net margin of 25.82% and a return on equity of 15.87%. The company had revenue of $941.40 million during the quarter, compared to the consensus estimate of $672.25 million. During the same period in the prior year, the business posted $1.26 EPS. The company’s quarterly revenue was down 42.3% on a year-over-year basis. Equities analysts forecast that Range Resources Co. will post 1.92 EPS for the current fiscal year.

Range Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.91%. Range Resources’s dividend payout ratio is 9.04%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Stifel Nicolaus cut their price target on Range Resources from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Range Resources in a research note on Tuesday, April 9th. Susquehanna reissued a “neutral” rating and issued a $34.00 price target (down previously from $43.00) on shares of Range Resources in a research note on Friday, January 26th. Morgan Stanley upped their price objective on shares of Range Resources from $22.00 to $23.00 and gave the company an “underweight” rating in a research report on Thursday, March 28th. Finally, Raymond James lowered their price objective on shares of Range Resources from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $35.25.

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.