Vaughan Nelson Investment Management L.P. Has $39.78 Million Stock Position in Range Resources Co. (NYSE:RRC)

Vaughan Nelson Investment Management L.P. increased its position in Range Resources Co. (NYSE:RRC) by 26.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,186,310 shares of the oil and gas exploration company’s stock after purchasing an additional 246,172 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.49% of Range Resources worth $39,777,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of RRC. Benjamin F. Edwards & Company Inc. increased its stake in shares of Range Resources by 333.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 866 shares of the oil and gas exploration company’s stock worth $26,000 after purchasing an additional 666 shares during the period. Delos Wealth Advisors LLC acquired a new position in shares of Range Resources in the fourth quarter valued at about $52,000. Perkins Coie Trust Co bought a new position in Range Resources during the second quarter worth about $67,000. Private Wealth Management Group LLC acquired a new stake in Range Resources in the 4th quarter worth about $73,000. Finally, SYSTM Wealth Solutions LLC boosted its holdings in Range Resources by 17.9% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 2,141 shares of the oil and gas exploration company’s stock valued at $74,000 after purchasing an additional 325 shares during the period. Institutional investors own 98.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Mizuho lifted their price objective on Range Resources from $41.00 to $45.00 and gave the company a “buy” rating in a report on Monday, May 13th. Jefferies Financial Group boosted their price target on Range Resources from $34.00 to $35.00 and gave the company a “hold” rating in a research note on Monday, July 8th. Wells Fargo & Company reduced their price objective on shares of Range Resources from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Monday, July 29th. Wolfe Research started coverage on shares of Range Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Benchmark reiterated a “hold” rating on shares of Range Resources in a research report on Wednesday, July 24th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Range Resources has an average rating of “Hold” and a consensus price target of $37.11.

Insider Activity

In other Range Resources news, Director Reginal Spiller sold 1,460 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was 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 owns 15,253 shares of the company’s stock, valued at $589,986.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.57% of the stock is currently owned by company insiders.

Range Resources Trading Down 0.1 %

Shares of RRC traded down $0.02 during trading hours on Friday, hitting $30.51. 1,201,179 shares of the stock were exchanged, compared to its average volume of 2,448,632. Range Resources Co. has a fifty-two week low of $27.29 and a fifty-two week high of $39.33. The business has a 50-day moving average of $32.88 and a 200-day moving average of $33.63. The firm has a market capitalization of $7.40 billion, a P/E ratio of 15.49 and a beta of 1.88. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.58 and a quick ratio of 0.58.

Range Resources (NYSE:RRC) last announced its earnings results on Tuesday, July 23rd. The oil and gas exploration company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. The company had revenue of $641.30 million for the quarter, compared to analyst estimates of $610.24 million. Range Resources had a return on equity of 13.93% and a net margin of 17.62%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 EPS. On average, research analysts expect that Range Resources Co. will post 2.08 EPS for the current year.

Range Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.08 per share. The ex-dividend date was Friday, June 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.05%. Range Resources’s dividend payout ratio (DPR) is presently 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.