UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 20,514 Shares of Range Resources Co. (NYSE:RRC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Range Resources Co. (NYSE:RRC - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 457,980 shares of the oil and gas exploration company's stock after purchasing an additional 20,514 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.19% of Range Resources worth $16,478,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. LPL Financial LLC lifted its stake in Range Resources by 23.2% in the fourth quarter. LPL Financial LLC now owns 113,800 shares of the oil and gas exploration company's stock valued at $4,095,000 after buying an additional 21,440 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Range Resources in the 4th quarter valued at $380,000. Calamos Advisors LLC acquired a new position in shares of Range Resources during the 4th quarter valued at $567,000. Sanctuary Advisors LLC boosted its stake in Range Resources by 169.1% during the fourth quarter. Sanctuary Advisors LLC now owns 17,944 shares of the oil and gas exploration company's stock worth $674,000 after acquiring an additional 11,276 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Range Resources by 1.6% during the fourth quarter. Rhumbline Advisers now owns 663,320 shares of the oil and gas exploration company's stock worth $23,866,000 after acquiring an additional 10,401 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RRC. Wall Street Zen lowered shares of Range Resources from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Barclays decreased their target price on Range Resources from $43.00 to $39.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Truist Financial increased their price target on Range Resources from $35.00 to $37.00 and gave the stock a "hold" rating in a report on Monday, March 17th. Citigroup cut Range Resources from a "neutral" rating to a "reduce" rating in a research note on Wednesday, March 5th. Finally, Bank of America boosted their price objective on Range Resources from $45.00 to $47.00 and gave the company a "buy" rating in a report on Friday, May 23rd. 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's stock. Based on data from MarketBeat, Range Resources presently has an average rating of "Hold" and a consensus target price of $41.95.

Insiders Place Their Bets

In related news, SVP Erin W. Mcdowell sold 9,568 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $40.62, for a total transaction of $388,652.16. Following the completion of the sale, the senior vice president now directly owns 13,800 shares of the company's stock, valued at approximately $560,556. This trade represents a 40.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James M. Funk sold 13,582 shares of Range Resources stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $35.03, for a total value of $475,777.46. Following the sale, the director now owns 54,394 shares in the company, valued at $1,905,421.82. This trade represents a 19.98% decrease in their ownership of the stock. 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 Stock Up 2.4%

Shares of RRC traded up $0.90 during trading hours on Monday, reaching $38.94. 2,695,076 shares of the stock traded hands, compared to its average volume of 2,482,515. Range Resources Co. has a 52 week low of $27.29 and a 52 week high of $41.95. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 5.11 and a beta of 0.60. The stock has a fifty day simple moving average of $36.54 and a 200 day simple moving average of $36.96. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28.

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 is Friday, June 13th. This represents a $0.36 annualized dividend and a yield of 0.92%. Range Resources's dividend payout ratio (DPR) is 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.