Range Resources Corporation $RRC Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC raised its stake in Range Resources Corporation (NYSE:RRC) by 15.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 219,482 shares of the oil and gas exploration company’s stock after purchasing an additional 29,919 shares during the quarter. Aptus Capital Advisors LLC owned 0.09% of Range Resources worth $8,261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RRC. Hantz Financial Services Inc. increased its position in shares of Range Resources by 1,464.6% in the second quarter. Hantz Financial Services Inc. now owns 751 shares of the oil and gas exploration company’s stock valued at $31,000 after buying an additional 703 shares in the last quarter. True Wealth Design LLC boosted its stake in Range Resources by 116.3% in the 3rd quarter. True Wealth Design LLC now owns 1,006 shares of the oil and gas exploration company’s stock worth $38,000 after buying an additional 541 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Range Resources by 49.6% during the third quarter. Smartleaf Asset Management LLC now owns 1,013 shares of the oil and gas exploration company’s stock worth $38,000 after purchasing an additional 336 shares during the period. Allworth Financial LP lifted its stake in shares of Range Resources by 196.5% in the 2nd quarter. Allworth Financial LP now owns 1,103 shares of the oil and gas exploration company’s stock valued at $45,000 after purchasing an additional 731 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Range Resources by 510.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,708 shares of the oil and gas exploration company’s stock worth $69,000 after buying an additional 1,428 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Range Resources Trading Down 0.6%

Shares of RRC stock opened at $41.57 on Friday. The company has a market capitalization of $9.78 billion, a P/E ratio of 15.17, a P/E/G ratio of 0.38 and a beta of 0.57. Range Resources Corporation has a 12-month low of $30.32 and a 12-month high of $43.50. The firm has a 50-day moving average price of $36.77 and a 200 day moving average price of $36.61. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.28.

Range Resources (NYSE:RRC) last released its quarterly earnings results on Tuesday, February 24th. The oil and gas exploration company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.69 by $0.13. Range Resources had a net margin of 21.12% and a return on equity of 16.31%. The business had revenue of $786.89 million for the quarter, compared to analysts’ expectations of $770.92 million. During the same period in the prior year, the firm earned $0.68 earnings per share. Range Resources’s revenue was up 30.9% compared to the same quarter last year. Research analysts forecast that Range Resources Corporation will post 2.02 earnings per share for the current fiscal year.

Range Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%. This is a boost from Range Resources’s previous quarterly dividend of $0.09. Range Resources’s payout ratio is 13.14%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. restated an “underweight” rating and issued a $39.00 target price (down from $44.00) on shares of Range Resources in a research note on Monday, December 8th. Mizuho lifted their target price on Range Resources from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Zacks Research downgraded shares of Range Resources from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. TD Cowen raised Range Resources to a “hold” rating in a research note on Monday, February 9th. Finally, Citigroup increased their price target on Range Resources from $36.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $42.06.

Range Resources Company Profile

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.