Aptus Capital Advisors LLC Grows Position in Range Resources Co. (NYSE:RRC)

Aptus Capital Advisors LLC raised its stake in shares of Range Resources Co. (NYSE:RRC - Free Report) by 22.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 136,822 shares of the oil and gas exploration company's stock after purchasing an additional 24,814 shares during the period. Aptus Capital Advisors LLC owned 0.06% of Range Resources worth $4,923,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of Range Resources by 87.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the oil and gas exploration company's stock valued at $37,000 after acquiring an additional 471 shares during the period. UMB Bank n.a. boosted its position in shares of Range Resources by 59.0% in the fourth quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company's stock worth $41,000 after purchasing an additional 426 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Range Resources in the fourth quarter worth $42,000. Geneos Wealth Management Inc. bought a new stake in shares of Range Resources during the 4th quarter valued at $46,000. Finally, Versant Capital Management Inc lifted its stake in shares of Range Resources by 42.8% during the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company's stock valued at $56,000 after buying an additional 463 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

Range Resources Trading Up 2.2 %

RRC opened at $34.96 on Monday. Range Resources Co. has a 12 month low of $27.29 and a 12 month high of $41.95. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average of $36.32 and a 200 day moving average of $35.94. The firm has a market cap of $8.35 billion, a P/E ratio of 17.66, a P/E/G ratio of 5.11 and a beta of 0.60.

Range Resources (NYSE:RRC - Get Free Report) last announced its earnings results on Tuesday, February 25th. The oil and gas exploration company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.13. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. The firm had revenue of $626.42 million during the quarter, compared to analysts' expectations of $676.53 million. During the same quarter in the previous year, the business earned $0.63 EPS. As a group, research analysts forecast that Range Resources Co. will post 2.02 EPS for the current year.

Range Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.09 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.03%. This is an increase from Range Resources's previous quarterly dividend of $0.08. Range Resources's dividend payout ratio is currently 32.14%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RRC shares. Piper Sandler cut their price target on Range Resources from $33.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley set a $41.00 target price on Range Resources in a research report on Tuesday, April 15th. UBS Group boosted their price target on Range Resources from $36.00 to $37.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. Roth Capital raised shares of Range Resources from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Scotiabank downgraded shares of Range Resources from a "sector outperform" rating to a "sector perform" rating and set a $45.00 target price on the stock. in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $41.50.

Range Resources Profile

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.

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