Doliver Advisors LP Makes New $315,000 Investment in Range Resources Co. (NYSE:RRC)

Doliver Advisors LP acquired a new stake in Range Resources Co. (NYSE:RRC - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,900 shares of the oil and gas exploration company's stock, valued at approximately $315,000.

Several other large investors also recently modified their holdings of RRC. Fuller & Thaler Asset Management Inc. boosted 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 worth $181,961,000 after buying an additional 2,104,304 shares in the last quarter. Wellington Management Group LLP bought a new position in Range Resources during the fourth quarter worth $33,684,000. Amundi grew its holdings 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 worth $44,308,000 after purchasing an additional 826,530 shares during the period. Dimensional Fund Advisors LP increased its stake in Range Resources by 9.3% in 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 in the last quarter. Finally, Northern Trust Corp raised its holdings 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 valued at $80,554,000 after purchasing an additional 605,315 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RRC has been the subject of several research reports. Stephens restated an "overweight" rating and issued a $49.00 target price on shares of Range Resources in a research note on Wednesday, April 23rd. UBS Group boosted their price objective on Range Resources from $36.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Wall Street Zen cut Range Resources from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Mizuho boosted their price target on shares of Range Resources from $45.00 to $46.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Finally, Morgan Stanley set a $41.00 price objective on shares of Range Resources in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned 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, Range Resources currently has a consensus rating of "Hold" and an average price target of $41.95.

Insiders Place Their Bets

In other news, Director Reginal Spiller sold 4,200 shares of the 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 completion of the transaction, the director now owns 13,663 shares in the company, valued at approximately $548,706.08. This represents a 23.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dennis Degner sold 35,850 shares of the stock in a transaction dated 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 of the company's stock, valued at $2,361,781.02. This represents a 38.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,080 shares of company stock valued at $2,984,479 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Range Resources Stock Performance

RRC traded down $1.46 during midday trading on Wednesday, reaching $37.58. The company had a trading volume of 1,520,025 shares, compared to its average volume of 2,478,138. Range Resources Co. has a 12-month low of $27.29 and a 12-month high of $41.95. The business has a 50-day moving average price of $36.54 and a two-hundred day moving average price of $36.98. The stock has a market cap of $8.98 billion, a PE ratio of 18.98, a P/E/G ratio of 5.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54.

Range Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.96%. The ex-dividend date is Friday, June 13th. Range Resources's dividend payout ratio (DPR) is 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.