B. Metzler seel. Sohn & Co. AG Invests $2.20 Million in Range Resources Corporation $RRC

B. Metzler seel. Sohn & Co. AG bought a new stake in Range Resources Corporation (NYSE:RRC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 58,498 shares of the oil and gas exploration company’s stock, valued at approximately $2,202,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of RRC. True Wealth Design LLC boosted its holdings in shares of 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 valued at $38,000 after acquiring an additional 541 shares during the last quarter. Smartleaf Asset Management LLC lifted its position 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 valued at $38,000 after purchasing an additional 336 shares during the period. Allworth Financial LP lifted its position in Range Resources by 196.5% during the second 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 during the period. Parkside Financial Bank & Trust grew its position in Range Resources by 510.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,708 shares of the oil and gas exploration company’s stock worth $69,000 after purchasing an additional 1,428 shares during the period. Finally, Clearstead Advisors LLC raised its stake in shares of Range Resources by 439.5% during the 3rd quarter. Clearstead Advisors LLC now owns 2,104 shares of the oil and gas exploration company’s stock valued at $79,000 after buying an additional 1,714 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on RRC. Wells Fargo & Company raised their target price on Range Resources from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Weiss Ratings raised shares of Range Resources from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday, February 27th. Bank of America reaffirmed a “neutral” rating and set a $38.00 target price (down from $44.00) on shares of Range Resources in a report on Friday, January 16th. Citigroup boosted their target price on shares of Range Resources from $36.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Finally, Mizuho raised their price target on shares of Range Resources from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Range Resources currently has an average rating of “Hold” and an average price target of $42.06.

Range Resources Trading Down 2.2%

RRC stock opened at $40.71 on Wednesday. Range Resources Corporation has a 12-month low of $30.32 and a 12-month high of $43.50. The business’s 50-day moving average is $36.98 and its 200 day moving average is $36.77. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.28. The stock has a market cap of $9.58 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 0.38 and a beta of 0.57.

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

Range Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, March 13th. This is an increase from Range Resources’s previous quarterly dividend of $0.09. Range Resources’s dividend payout ratio (DPR) is currently 13.14%.

Range Resources 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.