Private Wealth Advisors LLC Sells 3,876 Shares of Range Resources Co. (NYSE:RRC)

Private Wealth Advisors LLC lessened its stake in shares of Range Resources Co. (NYSE:RRCFree Report) by 5.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 65,967 shares of the oil and gas exploration company’s stock after selling 3,876 shares during the period. Private Wealth Advisors LLC’s holdings in Range Resources were worth $2,008,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Raleigh Capital Management Inc. purchased a new stake in shares of Range Resources in the third quarter worth about $26,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Range Resources in the third quarter worth about $27,000. Lazard Asset Management LLC purchased a new stake in Range Resources during the second quarter valued at approximately $28,000. Proffitt & Goodson Inc. purchased a new stake in Range Resources during the third quarter valued at approximately $32,000. Finally, Larson Financial Group LLC raised its position in Range Resources by 267.9% during the third quarter. Larson Financial Group LLC now owns 1,236 shares of the oil and gas exploration company’s stock valued at $40,000 after purchasing an additional 900 shares during the period. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Range Resources Stock Performance

RRC traded up $0.14 on Wednesday, reaching $35.14. 1,825,150 shares of the stock were exchanged, compared to its average volume of 2,622,841. The company’s 50-day moving average price is $31.36 and its 200 day moving average price is $31.87. The firm has a market capitalization of $8.51 billion, a PE ratio of 9.90 and a beta of 1.83. Range Resources Co. has a fifty-two week low of $23.92 and a fifty-two week high of $37.88. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.49.

Range Resources (NYSE:RRCGet Free Report) last released its quarterly earnings data on Wednesday, February 21st. The oil and gas exploration company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.21. The business had revenue of $941.40 million during the quarter, compared to analyst estimates of $672.25 million. Range Resources had a return on equity of 15.87% and a net margin of 25.82%. The company’s revenue was down 42.3% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. As a group, sell-side analysts forecast that Range Resources Co. will post 1.98 EPS for the current fiscal year.

Range Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.91%. Range Resources’s dividend payout ratio is presently 9.04%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RRC shares. Stifel Nicolaus cut their target price on Range Resources from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Susquehanna reissued a “neutral” rating and issued a $34.00 price objective (down previously from $43.00) on shares of Range Resources in a research note on Friday, January 26th. JPMorgan Chase & Co. cut Range Resources from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $33.00 to $32.00 in a research note on Wednesday, December 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Range Resources in a research note on Tuesday, March 5th. Finally, Citigroup increased their price objective on Range Resources from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $35.11.

Read Our Latest Report on Range Resources

Range Resources Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding RRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Range Resources Co. (NYSE:RRCFree Report).

Institutional Ownership by Quarter for Range Resources (NYSE:RRC)

Receive News & Ratings for Range Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Range Resources and related companies with MarketBeat.com's FREE daily email newsletter.