Dimensional Fund Advisors LP Purchases 624,955 Shares of Range Resources Co. (NYSE:RRC)

Dimensional Fund Advisors LP lifted its position in shares of Range Resources Co. (NYSE:RRC - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,330,676 shares of the oil and gas exploration company's stock after buying an additional 624,955 shares during the quarter. Dimensional Fund Advisors LP owned about 3.04% of Range Resources worth $263,768,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position 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 worth $37,000 after purchasing an additional 471 shares in the last quarter. UMB Bank n.a. raised its stake in Range Resources by 59.0% during the 4th quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company's stock worth $41,000 after buying an additional 426 shares during the period. Headlands Technologies LLC acquired a new position in Range Resources during the 4th quarter worth approximately $42,000. Geneos Wealth Management Inc. acquired a new position in Range Resources during the 4th quarter worth approximately $46,000. Finally, Versant Capital Management Inc raised its stake in 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 worth $56,000 after buying an additional 463 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RRC shares. Piper Sandler dropped their price target on Range Resources from $33.00 to $32.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Susquehanna dropped their price target on Range Resources from $40.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial upped their price target on Range Resources from $35.00 to $37.00 and gave the stock a "hold" rating in a research note on Monday, March 17th. Barclays dropped their price target on Range Resources from $43.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, Stephens reissued an "overweight" rating and issued a $49.00 price objective on shares of Range Resources in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $41.50.

Range Resources Stock Performance

Shares of RRC stock traded up $0.97 during trading on Friday, hitting $34.83. The company's stock had a trading volume of 2,827,194 shares, compared to its average volume of 2,452,653. The company has a market cap of $8.41 billion, a PE ratio of 17.59, a P/E/G ratio of 5.11 and a beta of 1.73. 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 business has a fifty day moving average of $36.72 and a 200-day moving average of $35.79. Range Resources Co. has a 52 week low of $27.29 and a 52 week high of $41.95.

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

Range Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.03%. This is a positive change from Range Resources's previous quarterly dividend of $0.08. The ex-dividend date was Friday, March 14th. Range Resources's dividend payout ratio is 32.73%.

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.