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

Toth Financial Advisory Corp raised its holdings in shares of Range Resources Co. (NYSE:RRC - Free Report) by 541.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

Several other institutional investors have also recently added to or reduced their stakes in RRC. Janney Montgomery Scott LLC bought a new stake in Range Resources during the fourth quarter valued at $304,000. Empowered Funds LLC boosted its holdings in shares of Range Resources by 1.2% in the 4th quarter. Empowered Funds LLC now owns 74,288 shares of the oil and gas exploration company's stock valued at $2,673,000 after buying an additional 845 shares during the period. Entropy Technologies LP bought a new stake in shares of Range Resources during the 4th quarter valued at about $272,000. Howland Capital Management LLC acquired a new stake in Range Resources during the fourth quarter worth about $205,000. Finally, Quent Capital LLC lifted its holdings in Range Resources by 72.0% in the fourth quarter. Quent Capital LLC now owns 2,178 shares of the oil and gas exploration company's stock worth $78,000 after acquiring an additional 912 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Range Resources Price Performance

NYSE:RRC traded down $0.07 during trading hours on Tuesday, reaching $38.74. 2,995,125 shares of the company's stock were exchanged, compared to its average volume of 2,504,337. The business's 50-day simple moving average is $36.39 and its two-hundred day simple moving average is $37.08. The company has a market capitalization of $9.26 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 5.11 and a beta of 0.63. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28. Range Resources Co. has a 12 month low of $27.29 and a 12 month high of $41.95.

Range Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, June 13th. Range Resources's dividend payout ratio (DPR) is currently 32.14%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. The Goldman Sachs Group upped their price objective on Range Resources from $39.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Citigroup downgraded shares of Range Resources from a "neutral" rating to a "reduce" rating in a report on Wednesday, March 5th. Bank of America upped their price target on shares of Range Resources from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Morgan Stanley set a $41.00 price objective on shares of Range Resources in a research report on Tuesday, April 15th. Finally, Roth Mkm raised shares of Range Resources from a "neutral" rating to a "buy" rating and boosted their target price for the company from $41.00 to $42.00 in a research note on Tuesday, April 8th. 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. According to MarketBeat.com, Range Resources currently has a consensus rating of "Hold" and an average target price of $41.95.

Insider Activity

In other Range Resources news, Director Reginal Spiller sold 4,200 shares of Range Resources stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $40.16, for a total transaction of $168,672.00. Following the transaction, the director now directly owns 13,663 shares in the company, valued at approximately $548,706.08. The trade was a 23.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James M. Funk sold 13,582 shares of the company's stock in a transaction 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 transaction, the director now directly owns 54,394 shares in the company, valued at $1,905,421.82. The trade was a 19.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,080 shares of company stock worth $2,984,479 over the last 90 days. 1.00% of the stock is owned by company insiders.

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.