Inscription Capital LLC Invests $482,000 in Range Resources Corporation (NYSE:RRC)

Inscription Capital LLC bought a new position in Range Resources Corporation (NYSE:RRC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,060 shares of the oil and gas exploration company's stock, valued at approximately $482,000.

Several other large investors have also recently made changes to their positions in RRC. Van ECK Associates Corp increased its holdings in shares of Range Resources by 13.5% in the fourth quarter. Van ECK Associates Corp now owns 173,863 shares of the oil and gas exploration company's stock worth $6,256,000 after purchasing an additional 20,744 shares during the last quarter. Blue Trust Inc. increased its stake in Range Resources by 105.2% during the fourth quarter. Blue Trust Inc. now owns 2,788 shares of the oil and gas exploration company's stock worth $100,000 after acquiring an additional 1,429 shares during the last quarter. Rhumbline Advisers increased its stake in Range Resources by 1.6% during the fourth quarter. Rhumbline Advisers now owns 663,320 shares of the oil and gas exploration company's stock worth $23,866,000 after acquiring an additional 10,401 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Range Resources by 169.1% during the fourth quarter. Sanctuary Advisors LLC now owns 17,944 shares of the oil and gas exploration company's stock worth $674,000 after acquiring an additional 11,276 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in Range Resources by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 7,435 shares of the oil and gas exploration company's stock worth $268,000 after acquiring an additional 378 shares during the last quarter. 98.93% of the stock is owned by institutional investors.

Range Resources Trading Up 1.5%

Shares of NYSE RRC traded up $0.63 during trading hours on Friday, reaching $43.20. The stock had a trading volume of 3,028,973 shares, compared to its average volume of 2,519,057. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.28. The firm has a market cap of $10.32 billion, a price-to-earnings ratio of 38.57, a P/E/G ratio of 0.34 and a beta of 0.63. The business's fifty day moving average price is $37.75 and its two-hundred day moving average price is $37.43. Range Resources Corporation has a 52-week low of $27.29 and a 52-week high of $43.33.

Range Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.36 annualized dividend and a yield of 0.83%. Range Resources's dividend payout ratio (DPR) is presently 32.14%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RRC. Susquehanna reduced their price objective on Range Resources from $40.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank Of Canada reissued a "sector perform" rating and set a $42.00 price objective on shares of Range Resources in a research note on Friday, April 11th. UBS Group boosted their price objective on Range Resources from $36.00 to $37.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Truist Financial boosted their price objective on Range Resources from $35.00 to $37.00 and gave the stock a "hold" rating in a research note on Monday, March 17th. Finally, Morgan Stanley set a $41.00 target price on Range Resources in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $41.95.

Insider Buying and Selling at Range Resources

In other Range Resources news, VP Ashley Kavanaugh sold 12,880 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $39.00, for a total transaction of $502,320.00. Following the sale, the vice president now owns 1,723 shares of the company's stock, valued at approximately $67,197. This trade represents a 88.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James M. Funk sold 13,582 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $35.03, for a total value of $475,777.46. Following the completion of the sale, the director now directly owns 54,394 shares of the company's stock, valued at $1,905,421.82. The trade was a 19.98% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,080 shares of company stock valued at $2,984,479. 1.00% of the stock is currently owned by corporate insiders.

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.