Range Resources Corporation $RRC Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in shares of Range Resources Corporation (NYSE:RRC) by 101.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,689 shares of the oil and gas exploration company’s stock after acquiring an additional 33,544 shares during the period. SG Americas Securities LLC’s holdings in Range Resources were worth $2,351,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Range Resources by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 24,851,886 shares of the oil and gas exploration company’s stock worth $935,425,000 after purchasing an additional 799,574 shares during the last quarter. Boston Partners increased its position in Range Resources by 59.3% during the third quarter. Boston Partners now owns 11,817,550 shares of the oil and gas exploration company’s stock worth $445,196,000 after buying an additional 4,398,042 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Range Resources by 7.9% in the third quarter. Dimensional Fund Advisors LP now owns 8,291,202 shares of the oil and gas exploration company’s stock worth $312,075,000 after acquiring an additional 608,274 shares during the last quarter. Invesco Ltd. lifted its position in shares of Range Resources by 230.1% in the second quarter. Invesco Ltd. now owns 4,785,940 shares of the oil and gas exploration company’s stock valued at $194,644,000 after acquiring an additional 3,336,299 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Range Resources by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,442,223 shares of the oil and gas exploration company’s stock valued at $129,565,000 after acquiring an additional 157,387 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Bank of America reissued a “neutral” rating and issued a $38.00 target price (down from $44.00) on shares of Range Resources in a research note on Friday, January 16th. UBS Group lifted their price target on shares of Range Resources from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. 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. Zacks Research raised shares of Range Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 18th. Finally, Barclays boosted their price target on Range Resources from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.18.

Range Resources Price Performance

Range Resources stock opened at $43.35 on Friday. Range Resources Corporation has a 1 year low of $30.32 and a 1 year high of $48.31. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a 50 day moving average price of $40.55 and a 200 day moving average price of $38.01. The company has a market cap of $10.21 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 0.34 and a beta of 0.51.

Range Resources (NYSE:RRC) last posted its quarterly earnings results on Tuesday, February 24th. The oil and gas exploration company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.13. Range Resources had a net margin of 21.12% and a return on equity of 16.31%. The company 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 firm posted $0.68 earnings per share. Range Resources’s revenue was up 30.9% on a year-over-year basis. Sell-side analysts predict that Range Resources Corporation will post 2.02 earnings per share for the current year.

Range Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.9%. This is a boost from Range Resources’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, March 13th. Range Resources’s dividend payout ratio (DPR) is presently 14.60%.

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.