Range Resources Co. (NYSE:RRC) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its holdings in shares of Range Resources Co. (NYSE:RRC - Free Report) by 737.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,400 shares of the oil and gas exploration company's stock after purchasing an additional 143,900 shares during the quarter. Two Sigma Advisers LP owned approximately 0.07% of Range Resources worth $5,879,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RRC. Fuller & Thaler Asset Management Inc. boosted its position in 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 purchasing an additional 2,104,304 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Range Resources in the fourth quarter valued at approximately $33,684,000. Amundi lifted its position in shares of Range Resources by 233.2% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Range Resources by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,330,676 shares of the oil and gas exploration company's stock valued at $263,768,000 after acquiring an additional 624,955 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Range Resources by 37.1% in the fourth quarter. Northern Trust Corp now owns 2,238,863 shares of the oil and gas exploration company's stock valued at $80,554,000 after acquiring an additional 605,315 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RRC shares. Piper Sandler raised their target price on Range Resources from $32.00 to $40.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Stephens restated an "overweight" rating and issued a $49.00 target price on shares of Range Resources in a research report on Wednesday, April 23rd. Susquehanna decreased their target price on Range Resources from $40.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. UBS Group increased 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. Finally, Roth Mkm raised Range Resources from a "neutral" rating to a "buy" rating and increased their price target for the company from $41.00 to $42.00 in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $41.95.

Insider Activity

In related news, Director Reginal Spiller sold 4,200 shares of Range Resources stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $40.16, for a total value of $168,672.00. Following the completion of the transaction, the director now directly owns 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. Also, CEO Dennis Degner sold 35,850 shares of Range Resources stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $40.42, for a total value of $1,449,057.00. Following the completion of the transaction, the chief executive officer now owns 58,431 shares of the company's stock, valued at approximately $2,361,781.02. This trade represents a 38.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,080 shares of company stock valued at $2,984,479. 1.00% of the stock is currently owned by corporate insiders.

Range Resources Trading Down 2.6%

RRC stock traded down $1.03 during midday trading on Friday, hitting $38.18. 1,107,172 shares of the company's stock were exchanged, compared to its average volume of 2,896,211. The business has a 50-day simple moving average of $36.60 and a two-hundred day simple moving average of $36.86. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $9.12 billion, a PE ratio of 19.27, a P/E/G ratio of 5.11 and a beta of 0.60. 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 posted its earnings results 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. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. The company had revenue of $626.42 million during the quarter, compared to analysts' expectations of $676.53 million. During the same quarter last year, the firm earned $0.63 earnings per share. On average, sell-side analysts predict that Range Resources Co. will post 2.02 EPS for the current fiscal year.

Range Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.94%. Range Resources's payout ratio is presently 32.14%.

About Range Resources

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.