Builder Investment Group Inc. ADV Has $3.33 Million Position in Range Resources Corporation (NYSE:RRC)

Builder Investment Group Inc. ADV grew its holdings in Range Resources Corporation (NYSE:RRC - Free Report) by 100.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,295 shares of the oil and gas exploration company's stock after purchasing an additional 41,835 shares during the quarter. Range Resources comprises about 0.9% of Builder Investment Group Inc. ADV's investment portfolio, making the stock its 29th largest position. Builder Investment Group Inc. ADV's holdings in Range Resources were worth $3,326,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in RRC. Smartleaf Asset Management LLC raised its position in shares of Range Resources by 87.1% during the fourth 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 during the last quarter. Headlands Technologies LLC bought a new stake in shares of Range Resources during the fourth quarter worth $42,000. Fifth Third Bancorp raised its position in shares of Range Resources by 20.6% during the first quarter. Fifth Third Bancorp now owns 2,078 shares of the oil and gas exploration company's stock worth $83,000 after acquiring an additional 355 shares during the last quarter. Blue Trust Inc. raised its position in shares of Range Resources by 105.2% during the fourth quarter. Blue Trust Inc. now owns 2,788 shares of the oil and gas exploration company's stock worth $100,000 after acquiring an additional 1,429 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Range Resources by 124.9% during the first quarter. UMB Bank n.a. now owns 2,582 shares of the oil and gas exploration company's stock worth $103,000 after acquiring an additional 1,434 shares during the last quarter. Institutional investors own 98.93% of the company's stock.

Insider Transactions at Range Resources

In other Range Resources news, CEO Dennis Degner sold 35,850 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now owns 58,431 shares in the company, valued at $2,361,781.02. This trade represents a 38.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James M. Funk sold 13,582 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $35.03, for a total value of $475,777.46. Following the transaction, the director now owns 54,394 shares in the company, valued at approximately $1,905,421.82. This trade represents a 19.98% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,080 shares of company stock worth $2,984,479. Company insiders own 1.00% of the company's stock.

Range Resources Stock Performance

RRC opened at $42.29 on Wednesday. Range Resources Corporation has a 12-month low of $27.29 and a 12-month high of $42.53. The stock has a market cap of $10.11 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 0.32 and a beta of 0.63. The business has a 50 day moving average of $37.18 and a 200-day moving average of $37.27. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.28.

Range Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.85%. Range Resources's dividend payout ratio (DPR) is currently 32.14%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RRC. Morgan Stanley set a $41.00 price objective on Range Resources in a report on Tuesday, April 15th. Roth Mkm upgraded Range Resources from a "neutral" rating to a "buy" rating and upped their price objective for the company from $41.00 to $42.00 in a report on Tuesday, April 8th. Roth Capital upgraded Range Resources from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Barclays dropped their price objective on Range Resources from $43.00 to $39.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Finally, UBS Group increased 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. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $41.95.

Range Resources Company 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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