Range Resources Co. (NYSE:RRC) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Range Resources Co. (NYSE:RRC) by 13.0% during the fourth quarter, Holdings Channel reports. The fund owned 56,577 shares of the oil and gas exploration company’s stock after purchasing an additional 6,501 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Range Resources were worth $1,722,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI grew its holdings in shares of Range Resources by 970.0% during the third quarter. National Bank of Canada FI now owns 3,210 shares of the oil and gas exploration company’s stock worth $98,000 after buying an additional 2,910 shares in the last quarter. SG Americas Securities LLC grew its stake in Range Resources by 90.2% in the 3rd quarter. SG Americas Securities LLC now owns 7,940 shares of the oil and gas exploration company’s stock worth $257,000 after acquiring an additional 3,766 shares during the period. Impact Partnership Wealth LLC acquired a new position in Range Resources in the 3rd quarter valued at $128,000. Private Wealth Advisors LLC purchased a new position in shares of Range Resources during the 3rd quarter worth $2,264,000. Finally, Proffitt & Goodson Inc. acquired a new stake in shares of Range Resources during the third quarter worth $32,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Analyst Ratings Changes

RRC has been the topic of several recent analyst reports. Piper Sandler increased their target price on Range Resources from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Stephens increased their price objective on shares of Range Resources from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday. Barclays initiated coverage on shares of Range Resources in a report on Wednesday, April 10th. They issued an “underweight” rating and a $35.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price target on shares of Range Resources in a research note on Tuesday, April 9th. 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 note on Wednesday, January 24th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $36.40.

Range Resources Trading Up 3.3 %

NYSE RRC opened at $37.77 on Thursday. The company’s fifty day simple moving average is $33.52 and its 200-day simple moving average is $32.37. The stock has a market cap of $9.14 billion, a P/E ratio of 10.67 and a beta of 1.83. Range Resources Co. has a 52 week low of $23.92 and a 52 week high of $37.89. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47.

Range Resources (NYSE:RRC) last issued its quarterly earnings data on Tuesday, April 23rd. The oil and gas exploration company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.21. Range Resources had a net margin of 25.82% and a return on equity of 15.87%. The firm had revenue of $718.20 million for the quarter, compared to analyst estimates of $680.72 million. During the same quarter in the previous year, the business posted $0.96 EPS. The firm’s revenue was down 15.7% compared to the same quarter last year. Equities research analysts predict that Range Resources Co. will post 1.9 EPS for the current fiscal year.

Range Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders 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 yield of 0.85%. Range Resources’s dividend payout ratio (DPR) is presently 9.04%.

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.