Evergreen Capital Management LLC Has $979,000 Stake in Range Resources Corporation $RRC

Evergreen Capital Management LLC raised its stake in Range Resources Corporation (NYSE:RRCFree Report) by 166.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,775 shares of the oil and gas exploration company’s stock after buying an additional 17,343 shares during the quarter. Evergreen Capital Management LLC’s holdings in Range Resources were worth $979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. PFG Advisors lifted its stake in Range Resources by 23.2% in the fourth quarter. PFG Advisors now owns 6,545 shares of the oil and gas exploration company’s stock valued at $231,000 after buying an additional 1,231 shares during the period. Journey Advisory Group LLC lifted its stake in Range Resources by 15.6% in the fourth quarter. Journey Advisory Group LLC now owns 112,491 shares of the oil and gas exploration company’s stock valued at $3,966,000 after buying an additional 15,197 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Range Resources by 4.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,990 shares of the oil and gas exploration company’s stock valued at $2,679,000 after buying an additional 2,978 shares during the period. GF Fund Management CO. LTD. lifted its stake in Range Resources by 7.1% in the fourth quarter. GF Fund Management CO. LTD. now owns 69,406 shares of the oil and gas exploration company’s stock valued at $2,447,000 after buying an additional 4,583 shares during the period. Finally, Moran Wealth Management LLC raised its position in shares of Range Resources by 68.0% during the fourth quarter. Moran Wealth Management LLC now owns 53,476 shares of the oil and gas exploration company’s stock worth $1,886,000 after purchasing an additional 21,639 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Range Resources Stock Down 1.4%

NYSE:RRC opened at $42.63 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.67 and a current ratio of 0.55. The company has a market cap of $10.05 billion, a PE ratio of 11.28, a PEG ratio of 0.79 and a beta of 0.51. Range Resources Corporation has a 52-week low of $32.60 and a 52-week high of $48.31. The stock has a 50-day simple moving average of $42.22 and a 200 day simple moving average of $38.54.

Range Resources (NYSE:RRCGet Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The oil and gas exploration company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.27. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $898.20 million. Range Resources had a return on equity of 18.64% and a net margin of 26.09%.Range Resources’s quarterly revenue was up 49.8% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share. On average, sell-side analysts expect that Range Resources Corporation will post 3.65 EPS for the current fiscal year.

Range Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, March 13th. This is a boost from Range Resources’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. Range Resources’s dividend payout ratio is 10.58%.

Key Headlines Impacting Range Resources

Here are the key news stories impacting Range Resources this week:

Wall Street Analyst Weigh In

RRC has been the topic of a number of research analyst reports. Morgan Stanley dropped their price target on Range Resources from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, January 23rd. Weiss Ratings raised Range Resources from a “hold (c)” rating to a “buy (b)” rating in a research report on Friday, February 27th. TD Cowen raised their price target on Range Resources from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, March 17th. Stephens dropped their price target on Range Resources from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Truist Financial dropped their price target on Range Resources from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, April 9th. Four analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Range Resources currently has a consensus rating of “Hold” and an average price target of $43.41.

Get Our Latest Stock Analysis on RRC

Insider Activity

In related news, Director Brenda A. Cline sold 7,000 shares of the stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $44.40, for a total transaction of $310,800.00. Following the completion of the transaction, the director directly owned 28,668 shares in the company, valued at approximately $1,272,859.20. This trade represents a 19.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

About Range Resources

(Free Report)

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.

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Institutional Ownership by Quarter for Range Resources (NYSE:RRC)

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