Stifel Financial Corp Buys 87,716 Shares of Range Resources Co. (NYSE:RRC)

Stifel Financial Corp lifted its stake in shares of Range Resources Co. (NYSE:RRC - Free Report) by 121.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 159,701 shares of the oil and gas exploration company's stock after acquiring an additional 87,716 shares during the quarter. Stifel Financial Corp owned about 0.07% of Range Resources worth $5,746,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in 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 period. UMB Bank n.a. raised its stake in Range Resources by 59.0% during the fourth quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company's stock worth $41,000 after acquiring an additional 426 shares in the last quarter. Headlands Technologies LLC acquired a new position in Range Resources during the fourth quarter worth $42,000. Geneos Wealth Management Inc. acquired a new stake in shares of Range Resources in the 4th quarter valued at $46,000. Finally, Versant Capital Management Inc grew its holdings in shares of Range Resources by 42.8% in the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company's stock worth $56,000 after purchasing an additional 463 shares during the last quarter. Institutional investors own 98.93% of the company's stock.

Range Resources Trading Down 0.5 %

NYSE:RRC traded down $0.16 on Monday, reaching $34.85. The company's stock had a trading volume of 308,964 shares, compared to its average volume of 2,964,124. The firm has a market cap of $8.33 billion, a PE ratio of 17.60, a PEG ratio of 5.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54. The business's 50-day moving average price is $36.32 and its two-hundred day moving average price is $35.94. Range Resources Co. has a 1-year low of $27.29 and a 1-year high of $41.95.

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 EPS for the quarter, beating the consensus estimate of $0.55 by $0.13. The business had revenue of $626.42 million for the quarter, compared to analysts' expectations of $676.53 million. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. During the same period in the previous year, the firm posted $0.63 EPS. Equities research 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 announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.09 dividend. This is a boost from Range Resources's previous quarterly dividend of $0.08. The ex-dividend date was Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 1.03%. Range Resources's payout ratio is presently 32.14%.

Wall Street Analysts Forecast Growth

RRC has been the subject of a number of recent analyst reports. Truist Financial raised their price target on Range Resources from $35.00 to $37.00 and gave the company a "hold" rating in a report on Monday, March 17th. Morgan Stanley set a $41.00 price target on Range Resources in a report on Tuesday, April 15th. Stephens reissued an "overweight" rating and set a $49.00 price objective on shares of Range Resources in a report on Wednesday, April 23rd. Piper Sandler lowered their price objective on shares of Range Resources from $33.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group upped their target price on shares of Range Resources from $39.00 to $43.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Range Resources 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.