Bradley Foster & Sargent Inc. CT Has $32.78 Million Holdings in Range Resources Corporation $RRC

Bradley Foster & Sargent Inc. CT boosted its position in shares of Range Resources Corporation (NYSE:RRC) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 870,872 shares of the oil and gas exploration company’s stock after purchasing an additional 83,309 shares during the period. Bradley Foster & Sargent Inc. CT owned about 0.37% of Range Resources worth $32,780,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Profund Advisors LLC grew its holdings in shares of Range Resources by 5.5% during the third quarter. Profund Advisors LLC now owns 5,427 shares of the oil and gas exploration company’s stock worth $204,000 after buying an additional 282 shares in the last quarter. ProShare Advisors LLC boosted its position in Range Resources by 3.1% during the 2nd quarter. ProShare Advisors LLC now owns 10,596 shares of the oil and gas exploration company’s stock worth $431,000 after acquiring an additional 315 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Range Resources by 49.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,013 shares of the oil and gas exploration company’s stock worth $38,000 after acquiring an additional 336 shares in the last quarter. Seelaus Asset Management LLC raised its holdings in shares of Range Resources by 4.0% in the third quarter. Seelaus Asset Management LLC now owns 9,455 shares of the oil and gas exploration company’s stock valued at $356,000 after purchasing an additional 365 shares during the last quarter. Finally, AMG National Trust Bank lifted its position in shares of Range Resources by 0.9% in the third quarter. AMG National Trust Bank now owns 41,986 shares of the oil and gas exploration company’s stock worth $1,580,000 after purchasing an additional 386 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors.

Range Resources Price Performance

Shares of NYSE RRC opened at $38.49 on Wednesday. The firm has a market cap of $9.12 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 0.35 and a beta of 0.58. The business’s 50 day moving average is $35.83 and its 200-day moving average is $36.25. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. Range Resources Corporation has a 1-year low of $30.32 and a 1-year high of $43.50.

Range Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, December 12th. Range Resources’s payout ratio is presently 15.13%.

Analysts Set New Price Targets

RRC has been the subject of a number of analyst reports. Bank of America reaffirmed a “neutral” rating and issued a $38.00 target price (down from $44.00) on shares of Range Resources in a research report on Friday, January 16th. Morgan Stanley decreased their price objective on Range Resources from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, January 23rd. Barclays upgraded Range Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Royal Bank Of Canada reduced their price target on Range Resources from $46.00 to $44.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 14th. Finally, TD Cowen upgraded Range Resources to a “hold” rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.12.

About Range Resources

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania’s Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company’s technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.