Wealth Enhancement Advisory Services LLC Has $815,000 Holdings in Range Resources Corporation $RRC

Wealth Enhancement Advisory Services LLC increased its stake in Range Resources Corporation (NYSE:RRC) by 17.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 21,103 shares of the oil and gas exploration company’s stock after purchasing an additional 3,068 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Range Resources were worth $815,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in Range Resources by 5,122.5% in the 1st quarter. GAMMA Investing LLC now owns 229,318 shares of the oil and gas exploration company’s stock worth $9,157,000 after buying an additional 224,927 shares during the period. Merit Financial Group LLC bought a new stake in Range Resources in the first quarter valued at $218,000. Portside Wealth Group LLC bought a new stake in shares of Range Resources during the first quarter worth $260,000. Lmcg Investments LLC grew its holdings in shares of Range Resources by 1.4% during the first quarter. Lmcg Investments LLC now owns 151,471 shares of the oil and gas exploration company’s stock worth $6,048,000 after purchasing an additional 2,106 shares during the last quarter. Finally, Radnor Capital Management LLC lifted its stake in shares of Range Resources by 2.1% during the first quarter. Radnor Capital Management LLC now owns 43,913 shares of the oil and gas exploration company’s stock valued at $1,753,000 after acquiring an additional 920 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RRC has been the topic of several analyst reports. Piper Sandler cut their target price on Range Resources from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, August 14th. Royal Bank Of Canada restated a “sector perform” rating and issued a $45.00 target price on shares of Range Resources in a research note on Tuesday, July 15th. Susquehanna boosted their price target on Range Resources from $36.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. UBS Group decreased their target price on Range Resources from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, August 20th. Finally, Citigroup reduced their price target on Range Resources from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, September 23rd. Seven research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.80.

Range Resources Price Performance

Shares of RRC opened at $38.57 on Friday. The stock has a market cap of $9.19 billion, a PE ratio of 19.38, a PEG ratio of 0.34 and a beta of 0.51. The business has a 50-day simple moving average of $35.12 and a two-hundred day simple moving average of $36.93. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.29. Range Resources Corporation has a 12-month low of $28.99 and a 12-month high of $43.50.

Range Resources (NYSE:RRC) last issued its quarterly earnings results on Tuesday, July 22nd. The oil and gas exploration company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. The company had revenue of $856.28 million during the quarter, compared to analysts’ expectations of $708.38 million. Range Resources had a return on equity of 15.95% and a net margin of 17.22%.During the same quarter in the prior year, the firm posted $0.46 earnings per share. Analysts anticipate that Range Resources Corporation will post 2.02 earnings per share for the current fiscal year.

Range Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.36 annualized dividend and a yield of 0.9%. Range Resources’s dividend payout ratio (DPR) is currently 18.09%.

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.