Vaughan Nelson Investment Management L.P. Sells 15,595 Shares of Range Resources Co. (NYSE:RRC)

Vaughan Nelson Investment Management L.P. trimmed its holdings in shares of Range Resources Co. (NYSE:RRC - Free Report) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,153,095 shares of the oil and gas exploration company's stock after selling 15,595 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.48% of Range Resources worth $46,043,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in Range Resources by 87.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the oil and gas exploration company's stock worth $37,000 after acquiring an additional 471 shares during the period. Headlands Technologies LLC acquired a new stake in Range Resources during the 4th quarter worth about $42,000. Fifth Third Bancorp boosted its position in 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 acquiring an additional 355 shares during the period. UMB Bank n.a. boosted its position in 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 acquiring an additional 1,434 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Range Resources by 105.2% during the 4th quarter. Blue Trust Inc. now owns 2,788 shares of the oil and gas exploration company's stock valued at $100,000 after buying an additional 1,429 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RRC shares. Truist Financial lifted their price target on Range Resources from $35.00 to $37.00 and gave the company a "hold" rating in a report on Monday, March 17th. JPMorgan Chase & Co. raised Range Resources from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $43.00 to $45.00 in a research report on Thursday, March 13th. Susquehanna dropped their price target 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. Raymond James boosted their price objective on Range Resources from $46.00 to $55.00 and gave the company an "outperform" rating in a research report on Monday, March 31st. Finally, Piper Sandler boosted their price objective on Range Resources from $32.00 to $40.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $41.95.

Range Resources Price Performance

RRC stock traded up $1.29 during trading on Friday, hitting $41.41. The company had a trading volume of 4,660,221 shares, compared to its average volume of 2,522,871. The company has a fifty day moving average price of $36.84 and a two-hundred day moving average price of $37.18. 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 company has a market cap of $9.90 billion, a P/E ratio of 20.91, a P/E/G ratio of 5.11 and a beta of 0.63. Range Resources Co. has a fifty-two week low of $27.29 and a fifty-two week high of $41.95.

Range Resources Announces Dividend

The firm 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. This represents a $0.36 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Friday, June 13th. Range Resources's dividend payout ratio is currently 32.14%.

Insiders Place Their Bets

In other news, VP Ashley Kavanaugh sold 12,880 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $39.00, for a total transaction of $502,320.00. Following the transaction, the vice president now owns 1,723 shares of the company's stock, valued at $67,197. This represents a 88.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Erin W. Mcdowell sold 9,568 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $40.62, for a total value of $388,652.16. Following the transaction, the senior vice president now directly owns 13,800 shares in the company, valued at $560,556. This trade represents a 40.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have 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 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.