Fuller & Thaler Asset Management Inc. Has $127.40 Million Holdings in Range Resources Corporation $RRC

Key Points

• Fuller & Thaler Asset Management Inc. reduced its ownership in Range Resources by 36.9%, selling 1,866,590 shares, bringing their total holdings down to approximately 3,190,690 shares valued at $127,404,000.
• Besides Fuller & Thaler, other investors like Wealth Enhancement Advisory Services and Ameriprise Financial Inc. have increased their stakes in Range Resources, indicating mixed investor sentiment towards the company.
• Range Resources recently declared a quarterly dividend of $0.09 per share, with an annualized dividend yield of 1.0%, and reported earnings of $0.66 EPS for the last quarter, exceeding analysts' expectations.

Fuller & Thaler Asset Management Inc. lessened its holdings in Range Resources Corporation (NYSE:RRC - Free Report) by 36.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,190,690 shares of the oil and gas exploration company's stock after selling 1,866,590 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 1.34% of Range Resources worth $127,404,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of RRC. Hollencrest Capital Management acquired a new position in shares of Range Resources during the first quarter valued at $33,000. Bessemer Group Inc. boosted its holdings in shares of Range Resources by 48.0% during the first quarter. Bessemer Group Inc. now owns 971 shares of the oil and gas exploration company's stock valued at $39,000 after acquiring an additional 315 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Range Resources during the first quarter valued at $39,000. Fifth Third Bancorp boosted its holdings 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 valued at $83,000 after acquiring an additional 355 shares during the period. Finally, UMB Bank n.a. boosted its holdings 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 valued at $103,000 after acquiring an additional 1,434 shares during the period. Institutional investors and hedge funds own 98.93% of the company's stock.

Range Resources Stock Performance

Shares of NYSE RRC traded up $0.1370 during midday trading on Friday, reaching $33.3270. 2,148,133 shares of the company traded hands, compared to its average volume of 2,867,416. Range Resources Corporation has a 52 week low of $27.55 and a 52 week high of $43.50. The stock has a 50-day moving average price of $37.51 and a 200 day moving average price of $37.46. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 0.27 and a beta of 0.60.

Range Resources (NYSE:RRC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The oil and gas exploration company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. Range Resources had a net margin of 17.22% and a return on equity of 15.95%. The business had revenue of $856.28 million for the quarter, compared to analysts' expectations of $708.38 million. During the same period in the previous year, the business earned $0.46 earnings per share. Sell-side analysts anticipate that Range Resources Corporation will post 2.02 earnings per share for the current fiscal year.

Range Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $0.09 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.36 annualized dividend and a yield of 1.1%. Range Resources's payout ratio is 18.09%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Susquehanna boosted their price target on shares of Range Resources from $36.00 to $39.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. UBS Group reduced their price target on shares of Range Resources from $42.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday. Bank of America boosted their price target on shares of Range Resources from $45.00 to $47.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Mizuho boosted their price target on shares of Range Resources from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Finally, Piper Sandler reduced their price target on shares of Range Resources from $41.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $42.75.

Insider Buying and Selling

In other Range Resources news, Director Reginal Spiller sold 4,200 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $40.16, for a total value of $168,672.00. Following the sale, the director directly owned 13,663 shares in the company, valued at approximately $548,706.08. The trade was a 23.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company's stock.

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.