New York State Common Retirement Fund Buys 17,500 Shares of Range Resources Corporation (NYSE:RRC)

New York State Common Retirement Fund grew its stake in shares of Range Resources Corporation (NYSE:RRC - Free Report) by 7.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 260,223 shares of the oil and gas exploration company's stock after acquiring an additional 17,500 shares during the period. New York State Common Retirement Fund owned about 0.11% of Range Resources worth $10,391,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Ballentine Partners LLC purchased a new position in shares of Range Resources during the first quarter valued at approximately $205,000. Diversify Wealth Management LLC lifted its stake in shares of Range Resources by 42.8% during the first quarter. Diversify Wealth Management LLC now owns 21,413 shares of the oil and gas exploration company's stock worth $855,000 after purchasing an additional 6,416 shares in the last quarter. Xponance Inc. boosted its position in shares of Range Resources by 1.2% in the first quarter. Xponance Inc. now owns 27,512 shares of the oil and gas exploration company's stock worth $1,099,000 after buying an additional 326 shares during the period. State of Michigan Retirement System grew its stake in shares of Range Resources by 1.0% in the first quarter. State of Michigan Retirement System now owns 57,786 shares of the oil and gas exploration company's stock valued at $2,307,000 after buying an additional 600 shares in the last quarter. Finally, Cerity Partners LLC acquired a new position in Range Resources during the 1st quarter worth approximately $453,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Stephens reaffirmed an "overweight" rating and set a $49.00 price target on shares of Range Resources in a research note on Wednesday, April 23rd. Raymond James Financial raised their price target on shares of Range Resources from $46.00 to $55.00 and gave the stock an "outperform" rating in a research report on Monday, March 31st. Bank of America increased their price objective on shares of Range Resources from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Mizuho upped their target price on Range Resources from $45.00 to $46.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Finally, Roth Mkm raised shares of Range Resources from a "neutral" rating to a "buy" rating and boosted their price target for the company from $41.00 to $42.00 in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $42.79.

Insiders Place Their Bets

In other Range Resources news, Director Reginal Spiller sold 4,200 shares of the stock in a transaction dated 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 sale, the director directly owned 13,663 shares in the company, valued at approximately $548,706.08. This trade represents a 23.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ashley Kavanaugh sold 12,880 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $39.00, for a total value of $502,320.00. Following the completion of the transaction, the vice president directly owned 1,723 shares in the company, valued at $67,197. This represents a 88.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 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 corporate insiders.

Range Resources Price Performance

NYSE:RRC traded up $0.40 on Tuesday, hitting $35.70. The company had a trading volume of 3,464,475 shares, compared to its average volume of 2,566,360. 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 stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 0.30 and a beta of 0.63. Range Resources Corporation has a 52 week low of $27.29 and a 52 week high of $43.50. The firm has a 50 day moving average of $39.60 and a two-hundred day moving average of $38.08.

Range Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a $0.09 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 1.01%. Range Resources's dividend payout ratio is 32.14%.

Range Resources Company 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.