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

Aristotle Capital Boston LLC trimmed its holdings in Range Resources Co. (NYSE:RRC - Free Report) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,825 shares of the oil and gas exploration company's stock after selling 22,275 shares during the period. Aristotle Capital Boston LLC owned about 0.10% of Range Resources worth $8,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Range Resources by 180.8% in the third quarter. Barclays PLC now owns 222,017 shares of the oil and gas exploration company's stock worth $6,830,000 after buying an additional 142,938 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Range Resources by 61.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,579,579 shares of the oil and gas exploration company's stock worth $48,588,000 after purchasing an additional 604,199 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Range Resources by 42.8% during the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company's stock valued at $56,000 after purchasing an additional 463 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Range Resources by 36.4% during the fourth quarter. GAMMA Investing LLC now owns 4,391 shares of the oil and gas exploration company's stock valued at $158,000 after purchasing an additional 1,172 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Range Resources in the fourth quarter worth about $4,792,000. Institutional investors own 98.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Barclays cut their target price on shares of Range Resources from $43.00 to $39.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. The Goldman Sachs Group boosted their target price on shares of Range Resources from $39.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded Range Resources from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $43.00 to $45.00 in a research report on Thursday, March 13th. Bank of America upgraded Range Resources from a "neutral" rating to a "buy" rating and upped their price objective for the company from $34.00 to $45.00 in a research report on Monday, January 13th. Finally, Susquehanna dropped their target price on Range Resources from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. One 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $41.50.

Range Resources Trading Up 2.3 %

NYSE:RRC traded up $0.84 during midday trading on Thursday, hitting $36.66. The stock had a trading volume of 1,220,536 shares, compared to its average volume of 2,451,621. 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 stock has a 50-day moving average of $36.20 and a 200 day moving average of $35.97. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 5.11 and a beta of 0.60. Range Resources Co. has a one year low of $27.29 and a one year high of $41.95.

Range Resources (NYSE:RRC - Get Free Report) last issued its earnings results on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $676.53 million. During the same period in the prior year, the business earned $0.63 EPS. As a group, sell-side analysts forecast that Range Resources Co. will post 2.02 EPS for the current year.

Range Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, March 14th. This is a boost from Range Resources's previous quarterly dividend of $0.08. Range Resources's dividend payout ratio (DPR) is 32.14%.

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.