Range Resources Co. (NYSE:RRC) Shares Sold by Oarsman Capital Inc.

Oarsman Capital Inc. lessened its stake in Range Resources Co. (NYSE:RRC) by 4.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,900 shares of the oil and gas exploration company’s stock after selling 650 shares during the quarter. Oarsman Capital Inc.’s holdings in Range Resources were worth $379,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of RRC. FMR LLC lifted its position in shares of Range Resources by 8.8% in the 1st quarter. FMR LLC now owns 28,963,656 shares of the oil and gas exploration company’s stock worth $766,668,000 after buying an additional 2,334,862 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Range Resources by 0.4% during the third quarter. Vanguard Group Inc. now owns 25,135,388 shares of the oil and gas exploration company’s stock valued at $634,920,000 after purchasing an additional 111,026 shares during the last quarter. Exor Capital LLP raised its position in shares of Range Resources by 9.7% during the 1st quarter. Exor Capital LLP now owns 6,963,163 shares of the oil and gas exploration company’s stock worth $184,315,000 after purchasing an additional 616,000 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Range Resources by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,184,171 shares of the oil and gas exploration company’s stock worth $181,816,000 after purchasing an additional 174,385 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Range Resources by 55.5% during the 1st quarter. Renaissance Technologies LLC now owns 4,007,083 shares of the oil and gas exploration company’s stock valued at $106,067,000 after purchasing an additional 1,429,500 shares during the period. Institutional investors own 94.73% of the company’s stock.

Insider Activity at Range Resources

In other Range Resources news, SVP Dori Ginn sold 25,000 shares of Range Resources stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $37.35, for a total transaction of $933,750.00. Following the completion of the sale, the senior vice president now owns 85,804 shares of the company’s stock, valued at approximately $3,204,779.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.57% of the stock is currently owned by insiders.

Range Resources Trading Up 0.7 %

Shares of NYSE:RRC traded up $0.25 during mid-day trading on Friday, hitting $33.72. The stock had a trading volume of 2,116,356 shares, compared to its average volume of 2,799,881. Range Resources Co. has a 12-month low of $22.61 and a 12-month high of $37.88. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $8.14 billion, a PE ratio of 6.04, a P/E/G ratio of 0.59 and a beta of 2.09. The company’s 50 day moving average is $33.42 and its 200-day moving average is $30.89.

Range Resources (NYSE:RRC) last issued its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.27 by $0.16. The business had revenue of $648.77 million during the quarter, compared to analysts’ expectations of $619.30 million. Range Resources had a return on equity of 21.56% and a net margin of 33.85%. On average, sell-side analysts predict that Range Resources Co. will post 2.01 EPS for the current year.

Range Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Thursday, September 14th. Range Resources’s dividend payout ratio is currently 5.73%.

Analyst Upgrades and Downgrades

RRC has been the subject of several analyst reports. Truist Financial boosted their price target on shares of Range Resources from $29.00 to $32.00 and gave the company a “hold” rating in a report on Monday, September 11th. Wells Fargo & Company boosted their price objective on Range Resources from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, October 20th. Sanford C. Bernstein started coverage on Range Resources in a research report on Tuesday, October 10th. They issued a “market perform” rating and a $32.00 target price on the stock. Stifel Nicolaus boosted their price target on Range Resources from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. Finally, StockNews.com lowered Range Resources from a “hold” rating to a “sell” rating in a report on Sunday, October 29th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $36.05.

Range Resources Profile

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. It markets and sells natural gas and NGLs to utilities, marketing and midstream companies, and industrial users; petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.