Range Resources Corporation $RRC Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its position in Range Resources Corporation (NYSE:RRC - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 214,125 shares of the oil and gas exploration company's stock after selling 8,604 shares during the quarter. HighTower Advisors LLC owned 0.09% of Range Resources worth $8,550,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position 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 acquiring an additional 624,955 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Range Resources by 71.3% in 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 acquiring an additional 2,104,304 shares in the last quarter. Northern Trust Corp grew its position in shares of Range Resources by 37.1% in the 4th quarter. Northern Trust Corp now owns 2,238,863 shares of the oil and gas exploration company's stock worth $80,554,000 after acquiring an additional 605,315 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Range Resources by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,151,250 shares of the oil and gas exploration company's stock worth $85,899,000 after acquiring an additional 38,648 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its position in shares of Range Resources by 1.8% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,435,376 shares of the oil and gas exploration company's stock worth $57,803,000 after acquiring an additional 25,403 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Range Resources Stock Performance

Range Resources stock traded up $0.1850 during mid-day trading on Thursday, hitting $33.2650. 1,108,480 shares of the company's stock traded hands, compared to its average volume of 2,866,854. The firm has a 50 day moving average price of $37.65 and a 200 day moving average price of $37.49. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.29. The company has a market cap of $7.92 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 0.26 and a beta of 0.60. Range Resources Corporation has a one year low of $27.55 and a one year high of $43.50.

Range Resources (NYSE:RRC - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The oil and gas exploration company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. The firm had revenue of $856.28 million for the quarter, compared to the consensus estimate of $708.38 million. Range Resources had a return on equity of 15.95% and a net margin of 17.22%.During the same quarter in the previous year, the business earned $0.46 EPS. On average, equities analysts forecast that Range Resources Corporation will post 2.02 EPS for the current year.

Range Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, June 13th. Range Resources's payout ratio is currently 18.09%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RRC shares. Wall Street Zen downgraded Range Resources from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Royal Bank Of Canada reissued a "sector perform" rating and issued a $45.00 price target on shares of Range Resources in a report on Tuesday, July 15th. Piper Sandler cut their price target on Range Resources from $41.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Mizuho raised their price target on Range Resources from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Finally, Stephens reissued an "overweight" rating and issued a $49.00 price target on shares of Range Resources in a report on Wednesday, April 23rd. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $42.75.

Insider Activity at Range Resources

In other news, Director Reginal Spiller sold 4,200 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $40.16, for a total value of $168,672.00. Following the sale, the director owned 13,663 shares of the company's stock, valued at approximately $548,706.08. The trade was a 23.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company's stock.

Range Resources 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.