Segall Bryant & Hamill LLC Has $9.02 Million Stock Holdings in Range Resources Corporation (NYSE:RRC)

Segall Bryant & Hamill LLC reduced its position in shares of Range Resources Corporation (NYSE:RRC - Free Report) by 72.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,925 shares of the oil and gas exploration company's stock after selling 608,286 shares during the period. Segall Bryant & Hamill LLC owned 0.09% of Range Resources worth $9,021,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RRC. Bessemer Group Inc. raised its position in Range Resources by 48.0% during the 1st quarter. Bessemer Group Inc. now owns 971 shares of the oil and gas exploration company's stock worth $39,000 after buying an additional 315 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Range Resources during the 4th quarter worth about $42,000. Fifth Third Bancorp boosted its stake in shares of Range Resources by 20.6% during the 1st quarter. Fifth Third Bancorp now owns 2,078 shares of the oil and gas exploration company's stock worth $83,000 after purchasing an additional 355 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Range Resources by 124.9% during the 1st quarter. UMB Bank n.a. now owns 2,582 shares of the oil and gas exploration company's stock worth $103,000 after purchasing an additional 1,434 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Range Resources during the 1st quarter worth about $133,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Range Resources Trading Down 7.8%

RRC traded down $2.98 during trading on Monday, reaching $35.30. The company had a trading volume of 6,106,184 shares, compared to its average volume of 2,562,372. The firm's 50-day simple moving average is $39.60 and its 200 day simple moving average is $38.08. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 0.32 and a beta of 0.63. Range Resources Corporation has a 12-month low of $27.29 and a 12-month high of $43.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.56 and a current ratio of 0.56.

Range Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, June 13th. Range Resources's payout ratio is presently 32.14%.

Insiders Place Their Bets

In other Range Resources news, VP Ashley Kavanaugh sold 12,880 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $39.00, for a total value of $502,320.00. Following the transaction, the vice president owned 1,723 shares of the company's stock, valued at approximately $67,197. This represents a 88.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Reginal Spiller sold 4,200 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $40.16, for a total value of $168,672.00. Following the sale, the director directly owned 13,663 shares in the company, valued at approximately $548,706.08. This represents a 23.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,080 shares of company stock valued at $2,984,479 over the last 90 days. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RRC shares. Susquehanna dropped their price objective on shares of Range Resources from $40.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Piper Sandler lifted their price objective on shares of Range Resources from $32.00 to $40.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Barclays lifted their price objective on shares of Range Resources from $39.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Bank of America lifted their price objective on shares of Range Resources from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $45.00 price objective on shares of Range Resources in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Range Resources currently has a consensus rating of "Hold" and an average price target of $42.79.

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.