Diversified Trust Co Purchases Shares of 26,418 Range Resources Corporation (NYSE:RRC)

Diversified Trust Co acquired a new position in Range Resources Corporation (NYSE:RRC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,418 shares of the oil and gas exploration company's stock, valued at approximately $1,055,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Boston Partners raised its stake in shares of Range Resources by 4.9% in the fourth quarter. Boston Partners now owns 7,976,052 shares of the oil and gas exploration company's stock worth $287,078,000 after buying an additional 371,777 shares during the period. Dimensional Fund Advisors LP raised its stake in Range Resources by 9.3% during 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 acquiring an additional 624,955 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings 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 in the last quarter. Northern Trust Corp lifted its holdings in 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 valued at $80,554,000 after purchasing an additional 605,315 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Range Resources by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,112,602 shares of the oil and gas exploration company's stock worth $76,011,000 after purchasing an additional 94,898 shares during the period. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RRC has been the topic of several recent analyst reports. Susquehanna decreased their price objective on shares of Range Resources from $40.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Piper Sandler raised their price target on Range Resources from $32.00 to $40.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Bank of America upped their price objective on Range Resources from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. raised Range Resources from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $43.00 to $45.00 in a research note on Thursday, March 13th. Finally, Roth Capital upgraded Range Resources from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $41.95.

Insider Buying and Selling at Range Resources

In related news, Director Reginal Spiller sold 4,200 shares of Range Resources stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $40.16, for a total value of $168,672.00. Following the completion of the sale, the director directly owned 13,663 shares in the company, valued at $548,706.08. The trade was a 23.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Dennis Degner sold 35,850 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $40.42, for a total transaction of $1,449,057.00. Following the sale, the chief executive officer directly owned 58,431 shares of the company's stock, valued at approximately $2,361,781.02. The trade was a 38.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,080 shares of company stock worth $2,984,479. Insiders own 1.00% of the company's stock.

Range Resources Trading Down 0.6%

Shares of NYSE:RRC traded down $0.25 during trading on Wednesday, reaching $38.71. 2,285,077 shares of the company were exchanged, compared to its average volume of 2,508,310. 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 has a market capitalization of $9.25 billion, a PE ratio of 34.54, a P/E/G ratio of 0.32 and a beta of 0.63. The business's fifty day simple moving average is $38.77 and its 200-day simple moving average is $37.73. Range Resources Corporation has a 12-month low of $27.29 and a 12-month high of $43.50.

Range Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, June 13th. Range Resources's dividend payout ratio is 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.