Range Resources Co. (NYSE:RRC) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in Range Resources Co. (NYSE:RRCGet Rating) by 258.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 22,232 shares of the oil and gas exploration company’s stock after purchasing an additional 16,034 shares during the quarter. SG Americas Securities LLC’s holdings in Range Resources were worth $562,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. CWM LLC increased its stake in Range Resources by 64.9% during the 2nd quarter. CWM LLC now owns 1,194 shares of the oil and gas exploration company’s stock worth $30,000 after buying an additional 470 shares during the period. Exchange Traded Concepts LLC increased its position in shares of Range Resources by 34.3% in the 2nd quarter. Exchange Traded Concepts LLC now owns 1,994 shares of the oil and gas exploration company’s stock valued at $49,000 after purchasing an additional 509 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Range Resources in the 3rd quarter valued at approximately $72,000. Eagle Bay Advisors LLC increased its position in shares of Range Resources by 120.0% in the 2nd quarter. Eagle Bay Advisors LLC now owns 3,559 shares of the oil and gas exploration company’s stock valued at $88,000 after purchasing an additional 1,941 shares during the last quarter. Finally, Islay Capital Management LLC purchased a new stake in shares of Range Resources in the 2nd quarter valued at approximately $89,000. 87.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of Range Resources in a research report on Wednesday, October 19th. They issued a “hold” rating and a $31.00 price objective on the stock. TD Securities raised shares of Range Resources from a “hold” rating to a “buy” rating and increased their price objective for the company from $32.00 to $33.00 in a research report on Thursday, September 29th. StockNews.com assumed coverage on shares of Range Resources in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Morgan Stanley dropped their price objective on shares of Range Resources to $26.00 in a research report on Wednesday, December 14th. Finally, Stifel Nicolaus began coverage on shares of Range Resources in a research report on Tuesday, October 25th. They issued a “buy” rating and a $32.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.38.

Range Resources Stock Up 1.3 %

Shares of NYSE:RRC opened at $26.88 on Tuesday. The stock has a market cap of $6.50 billion, a P/E ratio of 5.52, a P/E/G ratio of 0.23 and a beta of 2.11. The firm has a fifty day moving average price of $26.39 and a 200 day moving average price of $28.51. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.41 and a quick ratio of 0.41. Range Resources Co. has a 1-year low of $16.71 and a 1-year high of $37.44.

Range Resources (NYSE:RRCGet Rating) last issued its quarterly earnings results on Monday, October 24th. The oil and gas exploration company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Range Resources had a net margin of 30.87% and a return on equity of 60.30%. Range Resources’s quarterly revenue was up 267.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. Sell-side analysts predict that Range Resources Co. will post 4.85 EPS for the current year.

Range Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Wednesday, December 14th. Range Resources’s dividend payout ratio is currently 6.57%.

Range Resources Profile

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Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. As of December 31, 2021, the company owned and operated 1,350 net producing wells and approximately 794,000 net acres under lease located in the Appalachian region of the northeastern United States.

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

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