Tudor Investment Corp ET AL Raises Stock Holdings in Range Resources Co. (NYSE:RRC)

Tudor Investment Corp ET AL increased its stake in Range Resources Co. (NYSE:RRC - Free Report) by 232.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,087 shares of the oil and gas exploration company's stock after purchasing an additional 200,606 shares during the period. Tudor Investment Corp ET AL owned 0.12% of Range Resources worth $10,329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of RRC. Smartleaf Asset Management LLC lifted its holdings in shares of Range Resources by 87.1% during 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 position in 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 worth $41,000 after buying an additional 426 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Range Resources during the 4th quarter valued at approximately $42,000. Geneos Wealth Management Inc. purchased a new stake in shares of Range Resources in the 4th quarter valued at $46,000. Finally, Versant Capital Management Inc increased its stake in shares of 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 worth $56,000 after acquiring an additional 463 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Range Resources Price Performance

NYSE RRC traded up $0.74 during mid-day trading on Friday, hitting $34.96. The stock had a trading volume of 2,645,975 shares, compared to its average volume of 2,459,588. Range Resources Co. has a twelve month low of $27.29 and a twelve month high of $41.95. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 5.11 and a beta of 1.73. The firm's 50 day moving average is $36.37 and its 200 day moving average is $35.82. 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 posted its quarterly earnings results on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.13. The firm had revenue of $626.42 million for the quarter, compared to analyst estimates 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 business posted $0.63 earnings per share. Equities research analysts forecast that Range Resources Co. will post 2.02 earnings per share for the current fiscal 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 paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Range Resources's previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.03%. Range Resources's dividend payout ratio (DPR) is 32.14%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on RRC shares. Scotiabank downgraded Range Resources from a "sector outperform" rating to a "sector perform" rating and set a $45.00 price target on the stock. in a research report on Friday, January 17th. Roth Mkm upgraded Range Resources from a "neutral" rating to a "buy" rating and lifted their price target for the company from $41.00 to $42.00 in a research report on Tuesday, April 8th. Piper Sandler lowered their price objective on Range Resources from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Truist Financial lifted their target price on shares of Range Resources from $35.00 to $37.00 and gave the company a "hold" rating in a report on Monday, March 17th. Finally, Barclays lowered their price target on shares of Range Resources from $43.00 to $39.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $41.50.

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.