Fisher Asset Management LLC Trims Stock Holdings in Range Resources Co. (NYSE:RRC)

Fisher Asset Management LLC decreased its holdings in Range Resources Co. (NYSE:RRC - Free Report) by 18.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,214,114 shares of the oil and gas exploration company's stock after selling 277,451 shares during the quarter. Fisher Asset Management LLC owned about 0.50% of Range Resources worth $36,958,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its holdings in Range Resources by 90.2% in the third quarter. SG Americas Securities LLC now owns 7,940 shares of the oil and gas exploration company's stock worth $257,000 after buying an additional 3,766 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Range Resources by 46.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 23,440 shares of the oil and gas exploration company's stock worth $760,000 after purchasing an additional 7,405 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Range Resources by 78.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 28,608 shares of the oil and gas exploration company's stock valued at $927,000 after acquiring an additional 12,617 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Range Resources by 17.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,076 shares of the oil and gas exploration company's stock worth $1,623,000 after purchasing an additional 7,509 shares during the last quarter. Finally, Strs Ohio grew its holdings in shares of Range Resources by 13.1% in the third quarter. Strs Ohio now owns 29,807 shares of the oil and gas exploration company's stock worth $966,000 after acquiring an additional 3,457 shares during the period. Institutional investors own 98.93% of the company's stock.

Range Resources Stock Up 2.1 %

Shares of NYSE RRC traded up $0.72 during trading hours on Friday, hitting $35.71. 1,379,739 shares of the stock were exchanged, compared to its average volume of 2,400,913. The company has a market cap of $8.66 billion, a PE ratio of 18.13 and a beta of 1.85. Range Resources Co. has a 12 month low of $23.92 and a 12 month high of $38.25. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average price of $34.23 and a 200-day moving average price of $32.44.

Range Resources (NYSE:RRC - Get Free Report) last released its earnings results on Tuesday, April 23rd. The oil and gas exploration company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.21. The company had revenue of $718.20 million for the quarter, compared to the consensus estimate of $680.72 million. Range Resources had a net margin of 17.00% and a return on equity of 13.30%. Range Resources's revenue was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. On average, sell-side analysts expect that Range Resources Co. will post 2 EPS for the current year.

Range Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.90%. Range Resources's dividend payout ratio (DPR) is 16.24%.

Insiders Place Their Bets

In other news, VP Ashley Kavanaugh sold 15,978 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $37.75, for a total value of $603,169.50. Following the transaction, the vice president now directly owns 22,370 shares of the company's stock, valued at $844,467.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.57% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on RRC. Benchmark reaffirmed a "hold" rating on shares of Range Resources in a report on Wednesday, April 24th. Truist Financial dropped their price target on Range Resources from $32.00 to $30.00 and set a "hold" rating for the company in a research report on Friday, April 5th. StockNews.com upgraded Range Resources to a "sell" rating in a report on Wednesday, March 13th. Stephens increased their target price on shares of Range Resources from $41.00 to $42.00 and gave the company an "overweight" rating in a research note on Wednesday, April 24th. Finally, Raymond James dropped their price objective on Range Resources from $37.00 to $36.00 and set an "outperform" rating for the company in a report on Wednesday, January 24th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $36.62.

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.