Vaughan Nelson Investment Management L.P. Purchases 343,541 Shares of Range Resources Co. (NYSE:RRC)

Vaughan Nelson Investment Management L.P. boosted its stake in shares of Range Resources Co. (NYSE:RRC - Free Report) by 56.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 951,501 shares of the oil and gas exploration company's stock after purchasing an additional 343,541 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.39% of Range Resources worth $28,964,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. bought a new position in Range Resources during the 3rd quarter valued at about $26,000. Cary Street Partners Investment Advisory LLC bought a new position in Range Resources during the 3rd quarter valued at about $27,000. Lazard Asset Management LLC bought a new position in Range Resources during the 2nd quarter valued at about $28,000. Proffitt & Goodson Inc. bought a new position in Range Resources during the 3rd quarter valued at about $32,000. Finally, Larson Financial Group LLC lifted its holdings in Range Resources by 267.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,236 shares of the oil and gas exploration company's stock valued at $40,000 after purchasing an additional 900 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Range Resources Trading Down 0.3 %

NYSE RRC traded down $0.11 during trading on Friday, reaching $35.03. 2,752,139 shares of the stock traded hands, compared to its average volume of 2,223,953. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 9.90 and a beta of 1.83. The stock's 50-day moving average price is $31.67 and its 200 day moving average price is $31.96. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.47. Range Resources Co. has a fifty-two week low of $23.92 and a fifty-two week high of $37.88.

Range Resources (NYSE:RRC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The oil and gas exploration company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.21. The firm had revenue of $941.40 million during the quarter, compared to analysts' expectations of $672.25 million. Range Resources had a net margin of 25.82% and a return on equity of 15.87%. The business's revenue for the quarter was down 42.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.26 earnings per share. Analysts predict that Range Resources Co. will post 1.92 EPS for the current year.

Range Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 14th. Range Resources's dividend payout ratio is currently 9.04%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Raymond James cut their price target on shares of Range Resources from $37.00 to $36.00 and set an "outperform" rating for the company in a report on Wednesday, January 24th. StockNews.com upgraded shares of Range Resources to a "sell" rating in a research report on Wednesday, March 13th. Truist Financial lowered their price objective on shares of Range Resources from $32.00 to $30.00 and set a "hold" rating for the company in a research report on Friday. Benchmark cut shares of Range Resources from a "buy" rating to a "hold" rating in a research report on Thursday, January 11th. Finally, Mizuho restated a "buy" rating and issued a $39.00 price objective (up previously from $37.00) on shares of Range Resources in a research report on Wednesday, March 13th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $35.00.

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.