Childress Capital Advisors LLC Sells 20,000 Shares of Range Resources Corporation (NYSE:RRC)

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

Other hedge funds also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. increased its stake in Range Resources by 71.3% during the fourth 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 purchasing an additional 2,104,304 shares during the last quarter. Wellington Management Group LLP bought a new position in Range Resources in the fourth quarter worth about $33,684,000. Amundi boosted its stake 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 during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Range Resources by 9.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,330,676 shares of the oil and gas exploration company's stock worth $263,768,000 after purchasing an additional 624,955 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Range Resources by 37.1% during the 4th quarter. Northern Trust Corp now owns 2,238,863 shares of the oil and gas exploration company's stock valued at $80,554,000 after purchasing an additional 605,315 shares during the period. 98.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Range Resources

In other Range Resources news, SVP Erin W. Mcdowell sold 9,568 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $40.62, for a total value of $388,652.16. Following the completion of the transaction, the senior vice president now owns 13,800 shares of the company's stock, valued at $560,556. This represents a 40.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Reginal Spiller sold 4,200 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $40.16, for a total transaction of $168,672.00. Following the completion of the sale, the director now directly owns 13,663 shares in the company, valued at $548,706.08. This trade represents a 23.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,080 shares of company stock worth $2,984,479. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Susquehanna dropped their price objective on shares of Range Resources from $40.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Williams Trading set a $40.00 price objective on shares of Range Resources in a research note on Wednesday, March 5th. Morgan Stanley set a $41.00 target price on shares of Range Resources in a research report on Tuesday, April 15th. Roth Capital raised shares of Range Resources from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Finally, Stephens restated an "overweight" rating and issued a $49.00 target price on shares of Range Resources in a research report on Wednesday, April 23rd. Two investment 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's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $41.95.

Range Resources Stock Down 2.0%

NYSE:RRC traded down $0.83 during mid-day trading on Wednesday, reaching $41.10. The stock had a trading volume of 1,977,258 shares, compared to its average volume of 2,512,916. 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 stock has a market cap of $9.82 billion, a P/E ratio of 36.70, a PEG ratio of 0.33 and a beta of 0.63. The business's 50 day moving average is $38.22 and its 200 day moving average is $37.56. Range Resources Corporation has a fifty-two week low of $27.29 and a fifty-two week high of $43.50.

Range Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.36 annualized dividend and a yield of 0.88%. Range Resources's dividend payout ratio (DPR) is currently 32.14%.

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.