18,999 Shares in Range Resources Co. (NYSE:RRC) Acquired by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. bought a new position in shares of Range Resources Co. (NYSE:RRC - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 18,999 shares of the oil and gas exploration company's stock, valued at approximately $684,000.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in shares of Range Resources by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the oil and gas exploration company's stock worth $37,000 after acquiring an additional 471 shares in the last quarter. UMB Bank n.a. grew its stake in 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 valued at $41,000 after purchasing an additional 426 shares during the last quarter. Headlands Technologies LLC bought a new position in Range Resources in the fourth quarter worth about $42,000. Geneos Wealth Management Inc. purchased a new stake in shares of Range Resources during the fourth quarter valued at about $46,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Range Resources by 42.8% in 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.

Analyst Ratings Changes

RRC has been the subject of several recent analyst reports. Royal Bank of Canada restated a "sector perform" rating and issued a $42.00 target price on shares of Range Resources in a research note on Friday, April 11th. Scotiabank lowered shares of Range Resources from a "sector outperform" rating to a "sector perform" rating and set a $45.00 price target on the stock. in a research note on Friday, January 17th. Citigroup lowered Range Resources from a "neutral" rating to a "reduce" rating in a research report on Wednesday, March 5th. Stephens reiterated an "overweight" rating and set a $49.00 price objective on shares of Range Resources in a research note on Wednesday, April 23rd. Finally, Roth Mkm raised shares of Range Resources from a "neutral" rating to a "buy" rating and increased their price target for the stock from $41.00 to $42.00 in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $41.50.

Range Resources Price Performance

Shares of NYSE:RRC traded up $0.75 during midday trading on Wednesday, hitting $35.78. The company had a trading volume of 1,769,366 shares, compared to its average volume of 2,456,400. Range Resources Co. has a twelve month low of $27.29 and a twelve month high of $41.95. The stock has a market cap of $8.55 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 5.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54. The business's 50-day simple moving average is $36.20 and its 200-day simple moving average is $35.97.

Range Resources (NYSE:RRC - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The oil and gas exploration company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.55 by $0.13. The firm had revenue of $626.42 million for the quarter, compared to analyst estimates of $676.53 million. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. During the same quarter in the previous year, the company earned $0.63 EPS. On average, research analysts predict that Range Resources Co. will post 2.02 earnings per share for the current year.

Range Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, March 14th. This is a boost from Range Resources's previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.01%. Range Resources's dividend payout ratio is currently 32.14%.

About Range Resources

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.