Charles Schwab Investment Management Inc. Has $85.90 Million Holdings in Range Resources Corporation (NYSE:RRC)

Charles Schwab Investment Management Inc. raised its position in shares of Range Resources Corporation (NYSE:RRC - Free Report) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,151,250 shares of the oil and gas exploration company's stock after purchasing an additional 38,648 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.90% of Range Resources worth $85,899,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new position in Range Resources during the 1st quarter valued at $33,000. Bessemer Group Inc. raised its position in Range Resources by 48.0% during the first quarter. Bessemer Group Inc. now owns 971 shares of the oil and gas exploration company's stock valued at $39,000 after buying an additional 315 shares during the period. Cullen Frost Bankers Inc. acquired a new position in Range Resources during the first quarter valued at $39,000. Fifth Third Bancorp raised its position in Range Resources by 20.6% during the first quarter. Fifth Third Bancorp now owns 2,078 shares of the oil and gas exploration company's stock valued at $83,000 after buying an additional 355 shares during the period. Finally, UMB Bank n.a. raised its position in Range Resources by 124.9% during the first quarter. UMB Bank n.a. now owns 2,582 shares of the oil and gas exploration company's stock valued at $103,000 after buying an additional 1,434 shares during the period. 98.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Reginal Spiller sold 4,200 shares of Range Resources 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 transaction, the director owned 13,663 shares in the company, valued at approximately $548,706.08. This trade represents a 23.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

Range Resources Stock Down 0.4%

RRC stock traded down $0.12 during trading hours on Thursday, reaching $34.26. 2,480,056 shares of the stock were exchanged, compared to its average volume of 2,770,183. The firm's 50-day moving average is $38.09 and its 200-day moving average is $37.60. Range Resources Corporation has a 12 month low of $27.55 and a 12 month high of $43.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 0.27 and a beta of 0.60.

Range Resources (NYSE:RRC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The oil and gas exploration company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. Range Resources had a net margin of 17.22% and a return on equity of 15.95%. The company had revenue of $856.28 million during the quarter, compared to the consensus estimate of $708.38 million. During the same period in the prior year, the business posted $0.46 EPS. On average, equities research analysts expect that Range Resources Corporation will post 2.02 earnings per share for the current year.

Range Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 1.1%. Range Resources's dividend payout ratio (DPR) is presently 18.09%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on RRC shares. Piper Sandler dropped their price target on Range Resources from $41.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday. Royal Bank Of Canada reissued a "sector perform" rating and set a $45.00 price objective on shares of Range Resources in a research report on Tuesday, July 15th. Mizuho boosted their target price on Range Resources from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Barclays boosted their target price on Range Resources from $39.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Finally, Scotiabank set a $46.00 target price on Range Resources and gave the company a "sector perform" rating in a research note on Friday, July 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $43.26.

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.