Orser Capital Management LLC Raises Holdings in Range Resources Co. (NYSE:RRC)

Orser Capital Management LLC increased its position in Range Resources Co. (NYSE:RRC) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,223 shares of the oil and gas exploration company’s stock after buying an additional 427 shares during the quarter. Range Resources comprises about 1.8% of Orser Capital Management LLC’s investment portfolio, making the stock its 21st biggest position. Orser Capital Management LLC’s holdings in Range Resources were worth $1,867,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Boston Partners grew its stake in Range Resources by 1,858.7% in the fourth quarter. Boston Partners now owns 6,397,521 shares of the oil and gas exploration company’s stock worth $194,722,000 after purchasing an additional 6,070,900 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Range Resources by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,931,670 shares of the oil and gas exploration company’s stock worth $180,568,000 after purchasing an additional 90,028 shares in the last quarter. Invesco Ltd. grew its stake in Range Resources by 22.4% in the third quarter. Invesco Ltd. now owns 3,796,629 shares of the oil and gas exploration company’s stock worth $123,049,000 after purchasing an additional 693,970 shares in the last quarter. Kopernik Global Investors LLC grew its stake in Range Resources by 2.7% in the fourth quarter. Kopernik Global Investors LLC now owns 3,106,518 shares of the oil and gas exploration company’s stock worth $94,562,000 after purchasing an additional 82,095 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Range Resources by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,780,804 shares of the oil and gas exploration company’s stock worth $54,208,000 after purchasing an additional 64,810 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on RRC shares. Citigroup raised their target price on shares of Range Resources from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Benchmark reaffirmed a “hold” rating on shares of Range Resources in a report on Wednesday, April 24th. Jefferies Financial Group lifted their price target on Range Resources from $32.00 to $34.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. StockNews.com raised Range Resources to a “sell” rating in a report on Wednesday, March 13th. Finally, Stephens boosted their target price on Range Resources from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Range Resources presently has an average rating of “Hold” and a consensus price target of $37.10.

Insiders Place Their Bets

In other Range Resources news, Director Reginal Spiller sold 1,460 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $38.68, for a total value of $56,472.80. Following the completion of the sale, the director now directly owns 15,253 shares in the company, valued at $589,986.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Reginal Spiller sold 1,460 shares of Range Resources stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $38.68, for a total transaction of $56,472.80. Following the completion of the transaction, the director now directly owns 15,253 shares in the company, valued at $589,986.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dennis Degner sold 101,000 shares of Range Resources stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $37.78, for a total transaction of $3,815,780.00. Following the transaction, the chief executive officer now owns 198,154 shares of the company’s stock, valued at $7,486,258.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,107 shares of company stock worth $7,379,095. 1.57% of the stock is currently owned by company insiders.

Range Resources Trading Down 1.7 %

Shares of RRC stock traded down $0.59 during trading hours on Friday, hitting $33.47. 6,354,443 shares of the company’s stock traded hands, compared to its average volume of 1,891,669. The stock’s 50 day simple moving average is $36.20 and its 200 day simple moving average is $33.01. The stock has a market cap of $8.12 billion, a PE ratio of 16.99 and a beta of 1.81. Range Resources Co. has a 12 month low of $27.52 and a 12 month high of $39.33. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.46.

Range Resources (NYSE:RRC) last posted its quarterly earnings data on Tuesday, April 23rd. The oil and gas exploration company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.21. Range Resources had a net margin of 17.00% and a return on equity of 13.30%. The company had revenue of $718.20 million during the quarter, compared to analysts’ expectations of $680.72 million. During the same period in the prior year, the company posted $0.96 earnings per share. Range Resources’s revenue for the quarter was down 15.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Range Resources Co. will post 2.11 EPS for the current year.

Range Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Friday, June 14th. Range Resources’s payout ratio is 16.24%.

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.