Range Resources Co. (NYSE:RRC) is Sagefield Capital LP's 5th Largest Position

Sagefield Capital LP boosted its holdings in shares of Range Resources Co. (NYSE:RRC - Free Report) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,312,689 shares of the oil and gas exploration company's stock after purchasing an additional 233,906 shares during the quarter. Range Resources comprises 5.2% of Sagefield Capital LP's portfolio, making the stock its 5th biggest holding. Sagefield Capital LP owned 0.54% of Range Resources worth $47,231,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Range Resources by 367.6% in the 4th quarter. Royal Bank of Canada now owns 685,721 shares of the oil and gas exploration company's stock worth $24,673,000 after acquiring an additional 539,083 shares during the last quarter. Private Capital Management LLC increased its stake in Range Resources by 7.1% in the 4th quarter. Private Capital Management LLC now owns 22,500 shares of the oil and gas exploration company's stock worth $810,000 after acquiring an additional 1,500 shares during the last quarter. ProShare Advisors LLC increased its stake in Range Resources by 7.0% in the 4th quarter. ProShare Advisors LLC now owns 11,289 shares of the oil and gas exploration company's stock worth $406,000 after acquiring an additional 736 shares during the last quarter. Quantinno Capital Management LP increased its stake in Range Resources by 64.1% in the 4th quarter. Quantinno Capital Management LP now owns 12,470 shares of the oil and gas exploration company's stock worth $449,000 after acquiring an additional 4,871 shares during the last quarter. Finally, Man Group plc increased its stake in Range Resources by 69.7% in the 4th quarter. Man Group plc now owns 189,956 shares of the oil and gas exploration company's stock worth $6,835,000 after acquiring an additional 78,002 shares during the last quarter. Institutional investors own 98.93% of the company's stock.

Insider Transactions at Range Resources

In other news, Director James M. Funk sold 13,582 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $35.03, for a total value of $475,777.46. Following the completion of the transaction, the director now directly owns 54,394 shares of the company's stock, valued at approximately $1,905,421.82. The trade was a 19.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dennis Degner sold 35,850 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $40.42, for a total value of $1,449,057.00. Following the completion of the transaction, the chief executive officer now directly owns 58,431 shares of the company's stock, valued at approximately $2,361,781.02. The trade was a 38.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 71,880 shares of company stock valued at $2,815,807. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

RRC has been the subject of a number of recent research reports. Roth Mkm upgraded Range Resources from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $41.00 to $42.00 in a report on Tuesday, April 8th. StockNews.com upgraded Range Resources from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Morgan Stanley set a $41.00 target price on Range Resources in a report on Tuesday, April 15th. Stephens reiterated an "overweight" rating and issued a $49.00 target price on shares of Range Resources in a report on Wednesday, April 23rd. Finally, The Goldman Sachs Group lifted their target price on Range Resources from $39.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Range Resources presently has a consensus rating of "Hold" and an average target price of $41.85.

Range Resources Stock Up 0.7%

Shares of RRC stock traded up $0.29 during mid-day trading on Tuesday, hitting $39.72. The stock had a trading volume of 2,200,345 shares, compared to its average volume of 2,479,712. Range Resources Co. has a 12-month low of $27.29 and a 12-month high of $41.95. The firm has a market capitalization of $9.49 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 5.11 and a beta of 0.60. The firm's 50-day moving average is $36.59 and its two-hundred day moving average is $36.52. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54.

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 for the quarter, topping the consensus estimate of $0.55 by $0.13. The business had revenue of $626.42 million during the quarter, compared to analysts' expectations of $676.53 million. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. During the same period in the prior year, the business earned $0.63 EPS. On average, analysts predict that Range Resources Co. will post 2.02 earnings per share for the current fiscal year.

Range Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.91%. This is a positive change from Range Resources's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, March 14th. Range Resources's payout ratio is presently 32.14%.

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.