Range Resources Co. (NYSE:RRC) is Requisite Capital Management LLC's 9th Largest Position

Requisite Capital Management LLC reduced its stake in Range Resources Co. (NYSE:RRC - Free Report) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 263,335 shares of the oil and gas exploration company's stock after selling 7,700 shares during the quarter. Range Resources comprises 2.4% of Requisite Capital Management LLC's holdings, making the stock its 9th largest holding. Requisite Capital Management LLC owned about 0.11% of Range Resources worth $10,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. increased its position in shares of Range Resources by 71.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,057,280 shares of the oil and gas exploration company's stock worth $181,961,000 after buying an additional 2,104,304 shares during the period. Wellington Management Group LLP acquired a new position in Range Resources in the fourth quarter valued at $33,684,000. Amundi boosted its position in Range Resources by 233.2% during the fourth 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 last quarter. Dimensional Fund Advisors LP grew its holdings in Range Resources by 9.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,330,676 shares of the oil and gas exploration company's stock worth $263,768,000 after acquiring an additional 624,955 shares during the period. Finally, Northern Trust Corp raised its position in shares of Range Resources by 37.1% in 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 in the last quarter. 98.93% of the stock is currently owned by institutional investors.

Range Resources Stock Down 0.2%

Shares of RRC stock traded down $0.07 on Tuesday, hitting $38.74. The stock had a trading volume of 2,995,125 shares, compared to its average volume of 2,504,337. 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 business has a 50 day moving average of $36.39 and a 200 day moving average of $37.08. Range Resources Co. has a 12-month low of $27.29 and a 12-month high of $41.95. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 5.11 and a beta of 0.63.

Range Resources Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RRC shares. The Goldman Sachs Group upped their target price on Range Resources from $39.00 to $43.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Barclays dropped their price target on Range Resources from $43.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Mizuho raised their price objective on shares of Range Resources from $45.00 to $46.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. UBS Group lifted their price objective on shares of Range Resources from $36.00 to $37.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Finally, Morgan Stanley set a $41.00 target price on shares of Range Resources in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $41.95.

Insiders Place Their Bets

In related news, Director James M. Funk sold 13,582 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $1,905,421.82. The trade was a 19.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Erin W. Mcdowell sold 9,568 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $40.62, for a total transaction of $388,652.16. Following the transaction, the senior vice president now owns 13,800 shares of the company's stock, valued at approximately $560,556. The trade was a 40.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,080 shares of company stock valued at $2,984,479 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

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.