Range Resources Corporation (NYSE:RRC) Stock Holdings Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its holdings in Range Resources Corporation (NYSE:RRC - Free Report) by 110.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 44,196 shares of the oil and gas exploration company's stock after buying an additional 23,231 shares during the quarter. Teacher Retirement System of Texas' holdings in Range Resources were worth $1,765,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. LPL Financial LLC lifted its position in shares of Range Resources by 23.2% in the 4th quarter. LPL Financial LLC now owns 113,800 shares of the oil and gas exploration company's stock worth $4,095,000 after buying an additional 21,440 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Range Resources by 98.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,035 shares of the oil and gas exploration company's stock worth $720,000 after buying an additional 8,941 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Range Resources by 24.5% in the 4th quarter. Ameriprise Financial Inc. now owns 423,822 shares of the oil and gas exploration company's stock worth $15,249,000 after buying an additional 83,353 shares during the last quarter. Telemark Asset Management LLC bought a new position in shares of Range Resources in the 4th quarter worth about $14,392,000. Finally, Raymond James Financial Inc. bought a new position in shares of Range Resources in the 4th quarter worth about $13,088,000. 98.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RRC has been the subject of several recent analyst reports. Royal Bank Of Canada restated a "sector perform" rating and issued a $42.00 target price on shares of Range Resources in a research report on Friday, April 11th. Stephens reaffirmed an "overweight" rating and set a $49.00 price target on shares of Range Resources in a report on Wednesday, April 23rd. UBS Group lifted their price target on Range Resources from $36.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Susquehanna cut their price target on Range Resources from $40.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, Morgan Stanley set a $41.00 price target on Range Resources in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, eleven 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 data from MarketBeat, Range Resources has an average rating of "Hold" and a consensus target price of $42.58.

Range Resources Stock Up 0.5%

NYSE RRC opened at $37.67 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.56 and a quick ratio of 0.56. The company's 50 day simple moving average is $39.31 and its 200 day simple moving average is $37.92. Range Resources Corporation has a 12 month low of $27.29 and a 12 month high of $43.50. The company has a market capitalization of $9.00 billion, a P/E ratio of 33.63, a PEG ratio of 0.31 and a beta of 0.63.

Range Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $0.09 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.96%. Range Resources's payout ratio is currently 32.14%.

Insiders Place Their Bets

In related news, VP Ashley Kavanaugh sold 12,880 shares of the business's stock in a transaction that occurred 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 sale, the vice president directly owned 1,723 shares in the company, valued at $67,197. The trade was a 88.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dennis Degner sold 35,850 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $40.42, for a total transaction of $1,449,057.00. Following the completion of the sale, the chief executive officer owned 58,431 shares in the company, valued at $2,361,781.02. The trade was a 38.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,080 shares of company stock worth $2,984,479. Company insiders own 1.00% of the company's stock.

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.

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