9,179 Shares in Range Resources Corporation $RRC Purchased by Jump Financial LLC

Jump Financial LLC purchased a new stake in shares of Range Resources Corporation (NYSE:RRC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,179 shares of the oil and gas exploration company's stock, valued at approximately $367,000.

A number of other hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Range Resources during the first quarter valued at about $146,000. AlphaQuest LLC acquired a new stake in shares of Range Resources during the first quarter valued at about $416,000. Compound Planning Inc. acquired a new position in shares of Range Resources in the first quarter worth approximately $200,000. CW Advisors LLC lifted its stake in shares of Range Resources by 32.4% in the first quarter. CW Advisors LLC now owns 104,658 shares of the oil and gas exploration company's stock worth $4,180,000 after acquiring an additional 25,621 shares during the period. Finally, Kopernik Global Investors LLC lifted its stake in shares of Range Resources by 5.2% in the first quarter. Kopernik Global Investors LLC now owns 2,846,663 shares of the oil and gas exploration company's stock worth $113,667,000 after acquiring an additional 140,043 shares during the period. 98.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on RRC shares. UBS Group cut their price objective on Range Resources from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 20th. Barclays lifted their price objective on Range Resources from $39.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Piper Sandler cut their price objective on Range Resources from $41.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Wall Street Zen lowered Range Resources from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Roth Capital lowered Range Resources from a "buy" rating to a "neutral" rating and dropped their price target for the company from $44.00 to $35.00 in a research note on Monday, August 18th. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $42.75.

Range Resources Stock Down 0.7%

NYSE:RRC traded down $0.26 during trading hours on Friday, hitting $34.68. 2,998,652 shares of the company traded hands, compared to its average volume of 2,330,736. 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 firm's 50-day simple moving average is $35.83 and its 200-day simple moving average is $37.13. Range Resources Corporation has a one year low of $27.55 and a one year high of $43.50. The company has a market cap of $8.26 billion, a PE ratio of 17.43, a PEG ratio of 0.29 and a beta of 0.55.

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 the consensus estimate of $0.65 by $0.01. Range Resources had a return on equity of 15.95% and a net margin of 17.22%.The business had revenue of $856.28 million for the quarter, compared to analysts' expectations of $708.38 million. During the same period last year, the business earned $0.46 EPS. Equities analysts predict that Range Resources Corporation will post 2.02 earnings per share for the current year.

Range Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, September 12th. Range Resources's payout ratio is presently 18.09%.

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.