Range Resources Co. (NYSE:RRC) Shares Sold by GTS Securities LLC

GTS Securities LLC cut its holdings in shares of Range Resources Co. (NYSE:RRC - Free Report) by 43.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,752 shares of the oil and gas exploration company's stock after selling 25,948 shares during the period. GTS Securities LLC's holdings in Range Resources were worth $1,214,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in shares of Range Resources by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the oil and gas exploration company's stock valued at $37,000 after acquiring an additional 471 shares during the period. UMB Bank n.a. increased its position in shares of Range Resources by 59.0% in the 4th quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company's stock valued at $41,000 after acquiring an additional 426 shares during the period. Headlands Technologies LLC acquired a new position in shares of Range Resources in the 4th quarter valued at $42,000. Geneos Wealth Management Inc. acquired a new position in shares of Range Resources in the 4th quarter valued at $46,000. Finally, Quent Capital LLC increased its position in shares of Range Resources by 72.0% in the 4th quarter. Quent Capital LLC now owns 2,178 shares of the oil and gas exploration company's stock valued at $78,000 after acquiring an additional 912 shares during the period. 98.93% of the stock is owned by institutional investors and hedge funds.

Range Resources Trading Down 2.8%

Shares of NYSE:RRC traded down $1.10 during mid-day trading on Friday, reaching $38.11. 1,336,759 shares of the company were exchanged, compared to its average volume of 2,465,909. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market cap of $9.11 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 5.11 and a beta of 0.60. The firm's 50-day simple moving average is $36.60 and its 200 day simple moving average is $36.86. Range Resources Co. has a 1 year low of $27.29 and a 1 year high of $41.95.

Range Resources (NYSE:RRC - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.13. The business had revenue of $626.42 million during the quarter, compared to analysts' expectations of $676.53 million. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. During the same period in the previous year, the company earned $0.63 EPS. Equities research analysts forecast that Range Resources Co. will post 2.02 EPS for the current year.

Range Resources Announces Dividend

The business also recently declared 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 yield of 0.94%. Range Resources's dividend payout ratio (DPR) is presently 32.14%.

Analysts Set New Price Targets

Several research firms recently issued reports on RRC. Roth Mkm raised Range Resources from a "neutral" rating to a "buy" rating and upped their target price for the company from $41.00 to $42.00 in a research report on Tuesday, April 8th. Barclays lowered their price target on shares of Range Resources from $43.00 to $39.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Truist Financial upped their price target on shares of Range Resources from $35.00 to $37.00 and gave the company a "hold" rating in a report on Monday, March 17th. Mizuho upped their price target on shares of Range Resources from $45.00 to $46.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Finally, Raymond James upped their price target on shares of Range Resources from $46.00 to $55.00 and gave the company an "outperform" rating in a report on Monday, March 31st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $41.95.

Insider Activity at Range Resources

In related news, VP Ashley Kavanaugh sold 12,880 shares of the business's stock in a transaction on 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 sale, the vice president now directly owns 1,723 shares of the company's stock, valued at $67,197. The trade was a 88.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Erin W. Mcdowell sold 9,568 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $40.62, for a total transaction of $388,652.16. Following the completion of the sale, the senior vice president now directly owns 13,800 shares of the company's stock, valued at approximately $560,556. This trade represents a 40.94% 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. Insiders own 1.00% of the company's stock.

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.