Range Resources Co. (NYSE:RRC) Shares Purchased by Inscription Capital LLC

Inscription Capital LLC increased its stake in Range Resources Co. (NYSE:RRC) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,536 shares of the oil and gas exploration company’s stock after purchasing an additional 433 shares during the period. Inscription Capital LLC’s holdings in Range Resources were worth $386,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its stake in Range Resources by 25.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,633,567 shares of the oil and gas exploration company’s stock worth $985,855,000 after acquiring an additional 5,759,883 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Range Resources in the second quarter worth about $78,223,000. Canoe Financial LP lifted its holdings in shares of Range Resources by 114.9% during the third quarter. Canoe Financial LP now owns 2,660,309 shares of the oil and gas exploration company’s stock worth $81,299,000 after purchasing an additional 1,422,200 shares during the period. Vanguard Group Inc. boosted its position in Range Resources by 4.1% in the first quarter. Vanguard Group Inc. now owns 24,490,639 shares of the oil and gas exploration company’s stock valued at $843,213,000 after buying an additional 959,011 shares during the last quarter. Finally, Herr Investment Group LLC increased its holdings in Range Resources by 4,594.4% in the 1st quarter. Herr Investment Group LLC now owns 497,611 shares of the oil and gas exploration company’s stock worth $17,133,000 after buying an additional 487,011 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Range Resources

In other Range Resources news, Director Charles G. Griffie bought 1,275 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was acquired at an average price of $31.46 per share, with a total value of $40,111.50. Following the completion of the acquisition, the director now directly owns 5,921 shares of the company’s stock, valued at $186,274.66. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Range Resources news, Director Charles G. Griffie purchased 1,275 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average cost of $31.46 per share, with a total value of $40,111.50. Following the completion of the purchase, the director now owns 5,921 shares in the company, valued at approximately $186,274.66. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, VP Ashley Kavanaugh sold 12,700 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $31.45, for a total transaction of $399,415.00. Following the sale, the vice president now directly owns 9,670 shares of the company’s stock, valued at approximately $304,121.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RRC. Barclays raised shares of Range Resources from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $35.00 to $34.00 in a report on Wednesday, October 2nd. Benchmark reaffirmed a “hold” rating on shares of Range Resources in a research report on Wednesday, October 23rd. Scotiabank upgraded Range Resources from a “sector perform” rating to a “sector outperform” rating and set a $45.00 price objective for the company in a research note on Tuesday, August 20th. Wells Fargo & Company lowered their target price on Range Resources from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. reduced their price target on Range Resources from $37.00 to $31.00 and set an “underweight” rating for the company in a research report on Thursday, September 12th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $35.00.

Range Resources Stock Performance

RRC opened at $30.97 on Tuesday. The firm’s fifty day simple moving average is $30.24 and its two-hundred day simple moving average is $32.95. Range Resources Co. has a 52-week low of $27.29 and a 52-week high of $39.33. The company has a market cap of $7.51 billion, a price-to-earnings ratio of 15.72 and a beta of 1.80. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.28.

Range Resources (NYSE:RRC) last issued its quarterly earnings results on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.16. Range Resources had a net margin of 17.63% and a return on equity of 13.73%. The firm had revenue of $615.03 million for the quarter, compared to analyst estimates of $617.90 million. During the same period last year, the company posted $0.43 EPS. Range Resources’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts anticipate that Range Resources Co. will post 1.89 earnings per share for the current fiscal year.

Range Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.03%. The ex-dividend date was Friday, September 13th. Range Resources’s dividend payout ratio is currently 16.24%.

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.