Aristotle Capital Boston LLC Sells 22,275 Shares of Range Resources Co. (NYSE:RRC)

Aristotle Capital Boston LLC reduced its holdings in Range Resources Co. (NYSE:RRC - Free Report) by 8.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 234,825 shares of the oil and gas exploration company's stock after selling 22,275 shares during the quarter. Aristotle Capital Boston LLC owned 0.10% of Range Resources worth $8,449,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Smartleaf Asset Management LLC increased its position in shares of Range Resources by 87.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the oil and gas exploration company's stock worth $37,000 after purchasing an additional 471 shares during the last quarter. UMB Bank n.a. raised its position in shares of Range Resources by 59.0% during the 4th quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company's stock valued at $41,000 after buying an additional 426 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Range Resources during the 4th quarter worth $42,000. Geneos Wealth Management Inc. purchased a new position in Range Resources in the fourth quarter worth $46,000. Finally, Versant Capital Management Inc increased its stake in Range Resources by 42.8% in the fourth quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company's stock valued at $56,000 after acquiring an additional 463 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

Range Resources Trading Up 0.2 %

Shares of NYSE:RRC traded up $0.06 on Monday, hitting $35.07. The company had a trading volume of 1,891,631 shares, compared to its average volume of 2,461,692. Range Resources Co. has a 1 year low of $27.29 and a 1 year high of $41.95. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28. The firm's 50-day simple moving average is $36.25 and its two-hundred day simple moving average is $35.98. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 5.11 and a beta of 0.60.

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

Range Resources Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on RRC. Roth Capital upgraded Range Resources from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. JPMorgan Chase & Co. upgraded shares of Range Resources from an "underweight" rating to a "neutral" rating and increased their price target for the company from $43.00 to $45.00 in a research report on Thursday, March 13th. UBS Group boosted their price objective on shares of Range Resources from $36.00 to $37.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. The Goldman Sachs Group increased their target price on shares of Range Resources from $39.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Finally, Williams Trading set a $40.00 target price on shares of Range Resources in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $41.50.

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.