International Assets Investment Management LLC Has $2 Million Stock Holdings in Range Resources Co. (NYSE:RRC)

International Assets Investment Management LLC boosted its holdings in shares of Range Resources Co. (NYSE:RRC) by 2,976.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,520 shares of the oil and gas exploration company’s stock after purchasing an additional 59,520 shares during the period. International Assets Investment Management LLC’s holdings in Range Resources were worth $2,000,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RRC. Price T Rowe Associates Inc. MD increased its position in shares of Range Resources by 25.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,633,567 shares of the oil and gas exploration company’s stock worth $985,855,000 after purchasing an additional 5,759,883 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Range Resources during the second quarter worth approximately $78,223,000. Vanguard Group Inc. increased its holdings in shares of Range Resources by 4.1% during the first quarter. Vanguard Group Inc. now owns 24,490,639 shares of the oil and gas exploration company’s stock worth $843,213,000 after buying an additional 959,011 shares in the last quarter. Herr Investment Group LLC raised its stake in shares of Range Resources by 4,594.4% in the first quarter. Herr Investment Group LLC now owns 497,611 shares of the oil and gas exploration company’s stock valued at $17,133,000 after acquiring an additional 487,011 shares during the last quarter. Finally, Sagefield Capital LP boosted its holdings in shares of Range Resources by 44.8% in the 2nd quarter. Sagefield Capital LP now owns 906,886 shares of the oil and gas exploration company’s stock worth $30,408,000 after acquiring an additional 280,452 shares in the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Range Resources news, Director Charles G. Griffie bought 1,275 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was purchased at an average cost of $31.46 per share, with a total value of $40,111.50. Following the completion of the purchase, the director now owns 5,921 shares in the company, valued at approximately $186,274.66. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, VP Ashley Kavanaugh sold 12,700 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $31.45, for a total value of $399,415.00. Following the completion of the transaction, the vice president now directly owns 9,670 shares of the company’s stock, valued at approximately $304,121.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles G. Griffie purchased 1,275 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was purchased at an average cost of $31.46 per share, for a total transaction of $40,111.50. Following the purchase, the director now directly owns 5,921 shares in the company, valued at approximately $186,274.66. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.57% of the stock is currently owned by company insiders.

Range Resources Price Performance

Shares of RRC opened at $29.82 on Monday. The stock has a market cap of $7.20 billion, a P/E ratio of 15.06 and a beta of 1.80. Range Resources Co. has a 1 year low of $27.29 and a 1 year high of $39.33. The stock’s 50-day moving average price is $30.24 and its two-hundred day moving average price is $32.84. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28.

Range Resources (NYSE:RRC) last released its quarterly earnings data on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.16. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. The business had revenue of $615.03 million for the quarter, compared to analyst estimates of $617.90 million. During the same quarter last year, the firm earned $0.43 EPS. Range Resources’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts predict that Range Resources Co. will post 1.87 earnings per share for the current year.

Range Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Friday, September 13th. Range Resources’s dividend payout ratio is currently 16.16%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RRC. Morgan Stanley dropped their price target on Range Resources from $33.00 to $31.00 and set an “underweight” rating for the company in a report on Monday, September 16th. Stephens lifted their price target on Range Resources from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group decreased their price objective on shares of Range Resources from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $39.00 target price on shares of Range Resources in a research note on Thursday, July 25th. Finally, Jefferies Financial Group increased their price target on shares of Range Resources from $34.00 to $35.00 and gave the company a “hold” rating in a research note on Monday, July 8th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $35.00.

Range Resources Profile

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.