Range Resources Co. (NYSE:RRC) Shares Acquired by Private Wealth Advisors LLC

by · The Cerbat Gem

Private Wealth Advisors LLC increased its stake in shares of Range Resources Co. (NYSE:RRC – Free Report) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,127 shares of the oil and gas exploration company’s stock after purchasing an additional 4,656 shares during the period. Private Wealth Advisors LLC’s holdings in Range Resources were worth $2,752,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RRC. State Board of Administration of Florida Retirement System boosted its holdings in shares of Range Resources by 11.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 159,729 shares of the oil and gas exploration company’s stock worth $5,499,000 after purchasing an additional 16,619 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Range Resources by 25.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,633,567 shares of the oil and gas exploration company’s stock valued at $985,855,000 after buying an additional 5,759,883 shares during the period. TCW Group Inc. increased its stake in shares of Range Resources by 186.5% during the 2nd quarter. TCW Group Inc. now owns 49,824 shares of the oil and gas exploration company’s stock valued at $1,671,000 after acquiring an additional 32,433 shares during the last quarter. Boston Partners lifted its holdings in shares of Range Resources by 2.1% during the 1st quarter. Boston Partners now owns 6,531,086 shares of the oil and gas exploration company’s stock worth $224,912,000 after acquiring an additional 133,565 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of Range Resources by 26.2% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,186,310 shares of the oil and gas exploration company’s stock worth $39,777,000 after acquiring an additional 246,172 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Insider Activity at Range Resources

In other Range Resources news, VP Ashley Kavanaugh sold 12,700 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $31.45, for a total value of $399,415.00. Following the sale, the vice president now directly owns 9,670 shares in the company, valued at approximately $304,121.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Range Resources news, VP Ashley Kavanaugh sold 12,700 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $31.45, for a total value of $399,415.00. Following the sale, the vice president now owns 9,670 shares in the company, valued at approximately $304,121.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles G. Griffie acquired 1,275 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was acquired at an average cost of $31.46 per share, with a total value of $40,111.50. Following the completion of the acquisition, the director now directly owns 5,921 shares in the company, valued at approximately $186,274.66. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.57% of the company’s stock.

Range Resources Stock Performance

Shares of NYSE RRC traded down $0.17 during trading on Tuesday, reaching $34.29. The stock had a trading volume of 486,220 shares, compared to its average volume of 2,350,255. The firm’s 50 day moving average price is $30.54 and its two-hundred day moving average price is $32.66. Range Resources Co. has a one year low of $27.29 and a one year high of $39.33. The stock has a market cap of $8.27 billion, a PE ratio of 17.40 and a beta of 1.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54.

Range Resources (NYSE:RRC – Get Free Report) last issued its earnings results on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.16. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. The company had revenue of $615.03 million for the quarter, compared to analysts’ expectations of $617.90 million. During the same period in the prior year, the company earned $0.43 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. On average, research analysts forecast that Range Resources Co. will post 1.87 earnings per share for the current fiscal year.

Range Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Friday, September 13th. Range Resources’s payout ratio is 16.16%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RRC shares. Benchmark reaffirmed a “hold” rating on shares of Range Resources in a research note on Wednesday, October 23rd. Susquehanna lowered their price target on Range Resources from $36.00 to $31.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Stephens lifted their price objective on Range Resources from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley cut their price target on shares of Range Resources from $33.00 to $31.00 and set an “underweight” rating on the stock in a report on Monday, September 16th. Finally, Wells Fargo & Company decreased their price objective on shares of Range Resources from $39.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Range Resources presently has an average rating of “Hold” and an average price target of $35.00.

View Our Latest Stock Report on RRC

Range Resources Profile

(Free Report)

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), crude oil, and condensate company in the United States. The company engages in the exploration, development, and acquisition of natural gas and crude oil properties located in the Appalachian region. It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.

Featured Stories

Want to see what other hedge funds are holding RRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Range Resources Co. (NYSE:RRC – Free Report).