Range Resources Co. (NYSE:RRC) Shares Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc raised its stake in Range Resources Co. (NYSE:RRC - Free Report) by 11.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,552 shares of the oil and gas exploration company's stock after purchasing an additional 10,228 shares during the quarter. Ensign Peak Advisors Inc's holdings in Range Resources were worth $3,546,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Range Resources by 71.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,057,280 shares of the oil and gas exploration company's stock valued at $181,961,000 after buying an additional 2,104,304 shares during the period. Wellington Management Group LLP acquired a new stake in Range Resources in the fourth quarter valued at approximately $33,684,000. Amundi grew its position in Range Resources by 233.2% in the fourth quarter. Amundi now owns 1,180,913 shares of the oil and gas exploration company's stock valued at $44,308,000 after acquiring an additional 826,530 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Range Resources by 9.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,330,676 shares of the oil and gas exploration company's stock valued at $263,768,000 after purchasing an additional 624,955 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Range Resources by 37.1% during the fourth quarter. Northern Trust Corp now owns 2,238,863 shares of the oil and gas exploration company's stock worth $80,554,000 after purchasing an additional 605,315 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Wall Street Analysts Forecast Growth

RRC has been the topic of several analyst reports. Stephens reaffirmed an "overweight" rating and set a $49.00 price target on shares of Range Resources in a research note on Wednesday, April 23rd. Truist Financial lifted their target price on Range Resources from $35.00 to $37.00 and gave the stock a "hold" rating in a research report on Monday, March 17th. UBS Group increased their price target on Range Resources from $36.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Williams Trading set a $40.00 price objective on Range Resources in a research note on Wednesday, March 5th. Finally, Mizuho lifted their price objective on Range Resources from $45.00 to $46.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. One 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. According to MarketBeat, Range Resources presently has a consensus rating of "Hold" and an average price target of $41.85.

Insider Buying and Selling

In other news, CEO Dennis Degner sold 35,850 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $40.42, for a total transaction of $1,449,057.00. Following the completion of the transaction, the chief executive officer now directly owns 58,431 shares in the company, valued at approximately $2,361,781.02. The trade was a 38.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James M. Funk sold 13,582 shares of Range Resources stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $35.03, for a total value of $475,777.46. Following the sale, the director now directly owns 54,394 shares in the company, valued at $1,905,421.82. The trade was a 19.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,880 shares of company stock valued at $2,815,807 in the last quarter. Company insiders own 1.00% of the company's stock.

Range Resources Stock Performance

RRC stock traded up $0.12 during midday trading on Tuesday, reaching $39.55. The company had a trading volume of 296,966 shares, compared to its average volume of 2,949,622. The firm has a market capitalization of $9.45 billion, a PE ratio of 19.98, a P/E/G ratio of 5.11 and a beta of 0.60. The stock has a 50 day moving average price of $36.59 and a 200 day moving average price of $36.52. Range Resources Co. has a fifty-two week low of $27.29 and a fifty-two week high of $41.95. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28.

Range Resources (NYSE:RRC - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share (EPS) for the quarter, beating 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 business had revenue of $626.42 million during the quarter, compared to analyst estimates of $676.53 million. During the same quarter in the previous year, the firm posted $0.63 EPS. 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 declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.91%. This is a positive change from Range Resources's previous quarterly dividend of $0.08. Range Resources's dividend payout ratio is currently 32.14%.

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.