Fuller & Thaler Asset Management Inc. Has $181.96 Million Holdings in Range Resources Co. (NYSE:RRC)

Fuller & Thaler Asset Management Inc. boosted its position in Range Resources Co. (NYSE:RRC - Free Report) by 71.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,057,280 shares of the oil and gas exploration company's stock after purchasing an additional 2,104,304 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 2.10% of Range Resources worth $181,961,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boston Partners lifted its stake in Range Resources by 4.9% during the fourth quarter. Boston Partners now owns 7,976,052 shares of the oil and gas exploration company's stock valued at $287,078,000 after purchasing an additional 371,777 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Range Resources by 9.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,330,676 shares of the oil and gas exploration company's stock worth $263,768,000 after acquiring an additional 624,955 shares during the last quarter. Lingotto Investment Management LLP raised its position in shares of Range Resources by 2.5% during the fourth quarter. Lingotto Investment Management LLP now owns 6,864,038 shares of the oil and gas exploration company's stock worth $246,968,000 after purchasing an additional 165,242 shares during the period. Canoe Financial LP lifted its holdings in shares of Range Resources by 9.4% during the fourth quarter. Canoe Financial LP now owns 2,911,509 shares of the oil and gas exploration company's stock valued at $104,595,000 after purchasing an additional 251,200 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Range Resources by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,112,602 shares of the oil and gas exploration company's stock valued at $76,011,000 after purchasing an additional 94,898 shares during the period. 98.93% of the stock is owned by institutional investors.

Range Resources Stock Up 0.9 %

Shares of NYSE RRC traded up $0.31 during mid-day trading on Monday, reaching $35.10. 838,501 shares of the company traded hands, compared to its average volume of 2,446,772. The company's fifty day moving average is $36.72 and its two-hundred day moving average is $35.79. Range Resources Co. has a fifty-two week low of $27.29 and a fifty-two week high of $41.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market cap of $8.39 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 5.11 and a beta of 1.73.

Range Resources (NYSE:RRC - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The oil and gas exploration company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.13. The company had revenue of $626.42 million for the quarter, compared to analyst estimates of $676.53 million. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. During the same quarter last year, the firm posted $0.63 earnings per share. On average, analysts expect that Range Resources Co. will post 2.02 earnings per share for the current year.

Range Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.03%. This is a boost from Range Resources's previous quarterly dividend of $0.08. The ex-dividend date was Friday, March 14th. Range Resources's dividend payout ratio is 32.14%.

Wall Street Analyst Weigh In

Several research firms have issued reports on RRC. Piper Sandler cut their price objective on Range Resources from $33.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Citigroup downgraded shares of Range Resources from a "neutral" rating to a "reduce" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. upgraded shares of Range Resources from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $43.00 to $45.00 in a research report on Thursday, March 13th. UBS Group increased their target price on Range Resources from $36.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $42.00 price target on shares of Range Resources in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Range Resources presently has a consensus rating of "Hold" and a consensus price target of $41.50.

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.