Range Resources Co. (NYSE:RRC) Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC trimmed its position in Range Resources Co. (NYSE:RRC - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 398,842 shares of the oil and gas exploration company's stock after selling 67,008 shares during the period. Ceredex Value Advisors LLC owned 0.17% of Range Resources worth $12,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Raleigh Capital Management Inc. acquired a new position in shares of Range Resources in the 3rd quarter valued at $26,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Range Resources during the 3rd quarter worth about $27,000. Lazard Asset Management LLC acquired a new stake in Range Resources during the 2nd quarter worth about $28,000. Proffitt & Goodson Inc. acquired a new stake in Range Resources during the 3rd quarter worth about $32,000. Finally, Larson Financial Group LLC grew its position 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 worth $40,000 after purchasing an additional 900 shares during the period. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RRC has been the topic of several analyst reports. Truist Financial cut their price target on Range Resources from $32.00 to $30.00 and set a "hold" rating on the stock in a research report on Friday. Royal Bank of Canada restated an "outperform" rating and set a $36.00 target price on shares of Range Resources in a research report on Tuesday, March 5th. StockNews.com upgraded Range Resources to a "sell" rating in a research report on Wednesday, March 13th. Scotiabank dropped their target price on Range Resources from $43.00 to $40.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 16th. Finally, Piper Sandler dropped their target price on Range Resources from $42.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, March 7th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Range Resources has an average rating of "Hold" and an average price target of $35.00.

Range Resources Stock Up 2.3 %

Shares of NYSE:RRC traded up $0.82 during trading on Monday, hitting $35.85. The company's stock had a trading volume of 1,592,726 shares, compared to its average volume of 2,613,353. The business has a 50 day moving average price of $31.80 and a two-hundred day moving average price of $32.00. The company has a market capitalization of $8.68 billion, a PE ratio of 10.13 and a beta of 1.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 1.49. 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 posted its quarterly earnings results on Wednesday, February 21st. The oil and gas exploration company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.42 by $0.21. The business had revenue of $941.40 million during the quarter, compared to the consensus estimate of $672.25 million. Range Resources had a net margin of 25.82% and a return on equity of 15.87%. The company's quarterly revenue was down 42.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 earnings per share. As a group, research analysts expect that Range Resources Co. will post 1.92 EPS for the current fiscal year.

Range Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.89%. Range Resources's dividend payout ratio (DPR) is currently 9.04%.

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.