Toth Financial Advisory Corp Acquires 20,025 Shares of Range Resources Co. (NYSE:RRC)

Toth Financial Advisory Corp grew its stake in Range Resources Co. (NYSE:RRC - Free Report) by 541.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,725 shares of the oil and gas exploration company's stock after purchasing an additional 20,025 shares during the quarter. Toth Financial Advisory Corp's holdings in Range Resources were worth $947,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. lifted its stake in Range Resources by 71.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,057,280 shares of the oil and gas exploration company's stock valued at $181,961,000 after buying an additional 2,104,304 shares during the period. Wellington Management Group LLP bought a new stake in shares of Range Resources in the 4th quarter valued at about $33,684,000. Amundi raised its position in shares of Range Resources by 233.2% in the 4th quarter. Amundi now owns 1,180,913 shares of the oil and gas exploration company's stock valued at $44,308,000 after acquiring an additional 826,530 shares during the period. Dimensional Fund Advisors LP raised 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 valued at $263,768,000 after acquiring an additional 624,955 shares during the period. Finally, Northern Trust Corp boosted its stake in Range Resources by 37.1% during 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 during the last quarter. 98.93% of the stock is currently owned by institutional investors.

Insider Activity at Range Resources

In other Range Resources news, Director Reginal Spiller sold 4,200 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $40.16, for a total transaction of $168,672.00. Following the transaction, the director now owns 13,663 shares of the company's stock, valued at $548,706.08. The trade was a 23.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James M. Funk sold 13,582 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were 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 approximately $1,905,421.82. The trade was a 19.98% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,080 shares of company stock valued at $2,984,479. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on RRC shares. Roth Capital upgraded shares of Range Resources from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Stephens reaffirmed an "overweight" rating and set a $49.00 price objective on shares of Range Resources in a research note on Wednesday, April 23rd. Citigroup lowered Range Resources from a "neutral" rating to a "reduce" rating in a report on Wednesday, March 5th. Truist Financial increased their price target on Range Resources from $35.00 to $37.00 and gave the stock a "hold" rating in a report on Monday, March 17th. Finally, UBS Group lifted their price objective on Range Resources from $36.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $41.95.

Range Resources Stock Up 0.8%

RRC stock traded up $0.30 during midday trading on Wednesday, hitting $39.03. The company's stock had a trading volume of 175,977 shares, compared to its average volume of 2,495,410. The company's fifty day moving average price is $36.40 and its 200 day moving average price is $37.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54. Range Resources Co. has a twelve month low of $27.29 and a twelve month high of $41.95. The stock has a market capitalization of $9.33 billion, a P/E ratio of 19.68, a PEG ratio of 5.11 and a beta of 0.63.

Range Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, June 13th. Range Resources's dividend payout ratio is currently 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.