Jefferies Financial Group Inc. Lowers Stock Holdings in Range Resources Co. (NYSE:RRC)

Jefferies Financial Group Inc. lessened its stake in shares of Range Resources Co. (NYSE:RRC - Free Report) by 19.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 794,974 shares of the oil and gas exploration company's stock after selling 193,951 shares during the quarter. Jefferies Financial Group Inc. owned approximately 0.33% of Range Resources worth $28,603,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Boston Partners boosted its stake in Range Resources by 4.9% in 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 acquiring an additional 371,777 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Range Resources by 9.3% during 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 buying an additional 624,955 shares during the last quarter. Lingotto Investment Management LLP increased its position in Range Resources by 2.5% during the 4th quarter. Lingotto Investment Management LLP now owns 6,864,038 shares of the oil and gas exploration company's stock valued at $246,968,000 after buying an additional 165,242 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of 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 acquiring an additional 2,104,304 shares during the last quarter. Finally, Canoe Financial LP grew its position in Range Resources by 9.4% during the 4th quarter. Canoe Financial LP now owns 2,911,509 shares of the oil and gas exploration company's stock worth $104,595,000 after purchasing an additional 251,200 shares during the last quarter. Institutional investors own 98.93% of the company's stock.

Range Resources Stock Down 0.6%

Shares of RRC stock traded down $0.25 during trading hours on Wednesday, reaching $40.37. 145,798 shares of the stock were exchanged, compared to its average volume of 2,465,074. Range Resources Co. has a 12-month low of $27.29 and a 12-month high of $41.95. The business's fifty day moving average is $36.33 and its two-hundred day moving average is $36.22. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market capitalization of $9.65 billion, a P/E ratio of 20.38, a P/E/G ratio of 5.11 and a beta of 0.60.

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

Range Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.09 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.89%. This is a boost from Range Resources's previous quarterly dividend of $0.08. Range Resources's payout ratio is currently 32.14%.

Analysts Set New Price Targets

Several research firms have weighed in on RRC. Truist Financial boosted their price target on Range Resources from $35.00 to $37.00 and gave the company a "hold" rating in a research note on Monday, March 17th. Raymond James raised their target price on Range Resources from $46.00 to $55.00 and gave the stock an "outperform" rating in a report on Monday, March 31st. Scotiabank lowered Range Resources from a "sector outperform" rating to a "sector perform" rating and set a $45.00 price objective on the stock. in a research report on Friday, January 17th. UBS Group lifted their target price on shares of Range Resources from $36.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Finally, Piper Sandler increased their price target on shares of Range Resources from $32.00 to $40.00 and gave the stock a "neutral" rating in a report on Tuesday. 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 issued a strong buy rating to the stock. According to MarketBeat, Range Resources presently has an average rating of "Hold" and an average target price of $41.85.

Insider Transactions at Range Resources

In other Range Resources news, Director James M. Funk sold 13,582 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $35.03, for a total transaction of $475,777.46. Following the transaction, the director now owns 54,394 shares in the company, valued at approximately $1,905,421.82. The trade was a 19.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company's stock.

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.