Childress Capital Advisors LLC Has $811,000 Stock Position in Range Resources Corporation (NYSE:RRC)

Childress Capital Advisors LLC trimmed its position in Range Resources Corporation (NYSE:RRC - Free Report) by 49.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,313 shares of the oil and gas exploration company's stock after selling 20,000 shares during the quarter. Childress Capital Advisors LLC's holdings in Range Resources were worth $811,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings 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 buying an additional 471 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Range Resources during the 4th quarter valued at about $42,000. Fifth Third Bancorp raised its holdings in shares of Range Resources by 20.6% during the 1st quarter. Fifth Third Bancorp now owns 2,078 shares of the oil and gas exploration company's stock valued at $83,000 after buying an additional 355 shares during the period. Blue Trust Inc. raised its holdings in shares of Range Resources by 105.2% during the 4th quarter. Blue Trust Inc. now owns 2,788 shares of the oil and gas exploration company's stock valued at $100,000 after buying an additional 1,429 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Range Resources by 124.9% during the 1st quarter. UMB Bank n.a. now owns 2,582 shares of the oil and gas exploration company's stock valued at $103,000 after buying an additional 1,434 shares during the period. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. upgraded Range Resources from an "underweight" rating to a "neutral" rating and raised their target price for the company from $43.00 to $45.00 in a report on Thursday, March 13th. Roth Capital upgraded Range Resources from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Morgan Stanley set a $41.00 price objective on Range Resources in a report on Tuesday, April 15th. Williams Trading set a $40.00 price objective on Range Resources in a report on Wednesday, March 5th. Finally, Raymond James Financial lifted their price objective on Range Resources from $46.00 to $55.00 and gave the stock an "outperform" rating in a report on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $41.95.

Insider Transactions at Range Resources

In related news, Director Reginal Spiller sold 4,200 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $40.16, for a total transaction of $168,672.00. Following the transaction, the director now directly owns 13,663 shares of the company's stock, valued at approximately $548,706.08. The trade was a 23.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James M. Funk sold 13,582 shares of the company's 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,080 shares of company stock valued at $2,984,479 over the last three months. Company insiders own 1.00% of the company's stock.

Range Resources Price Performance

Shares of RRC traded down $1.91 during midday trading on Monday, reaching $41.32. The stock had a trading volume of 2,895,383 shares, compared to its average volume of 2,520,568. Range Resources Corporation has a 52 week low of $27.29 and a 52 week high of $44.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.56 and a quick ratio of 0.56. The firm's 50 day moving average price is $37.75 and its 200-day moving average price is $37.45. The company has a market capitalization of $9.87 billion, a P/E ratio of 36.89, a P/E/G ratio of 0.34 and a beta of 0.63.

Range Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, June 13th. Range Resources's dividend payout ratio (DPR) is presently 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.