Vaughan Nelson Investment Management L.P. Has $42.05 Million Position in Range Resources Co. (NYSE:RRC)

Vaughan Nelson Investment Management L.P. cut its holdings in Range Resources Co. (NYSE:RRC) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,168,690 shares of the oil and gas exploration company’s stock after selling 28,310 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.48% of Range Resources worth $42,049,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RRC. CWM LLC lifted its stake in shares of Range Resources by 276.8% in the 3rd quarter. CWM LLC now owns 2,306 shares of the oil and gas exploration company’s stock valued at $71,000 after purchasing an additional 1,694 shares during the last quarter. Creative Planning raised its holdings in Range Resources by 2.0% during the third quarter. Creative Planning now owns 56,744 shares of the oil and gas exploration company’s stock valued at $1,745,000 after buying an additional 1,089 shares in the last quarter. Acorn Creek Capital LLC acquired a new stake in shares of Range Resources in the third quarter worth about $382,000. Blue Trust Inc. boosted its stake in shares of Range Resources by 107.8% during the 3rd quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company’s stock worth $46,000 after acquiring an additional 705 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Range Resources by 4.2% during the 3rd quarter. Raymond James & Associates now owns 260,043 shares of the oil and gas exploration company’s stock valued at $7,999,000 after acquiring an additional 10,391 shares during the last quarter. 98.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wolfe Research upgraded Range Resources from a “peer perform” rating to an “outperform” rating and set a $42.00 target price for the company in a report on Friday, January 3rd. Wells Fargo & Company upped their price objective on shares of Range Resources from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Benchmark reiterated a “hold” rating on shares of Range Resources in a report on Friday, January 17th. Stephens upped their price target on shares of Range Resources from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Scotiabank lowered Range Resources from a “sector outperform” rating to a “sector perform” rating and set a $45.00 price objective on the stock. in a research note on Friday, January 17th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Range Resources has a consensus rating of “Hold” and an average price target of $38.00.

Range Resources Stock Down 1.1 %

RRC opened at $37.22 on Friday. Range Resources Co. has a fifty-two week low of $27.29 and a fifty-two week high of $41.95. The company has a market capitalization of $8.98 billion, a P/E ratio of 18.80 and a beta of 1.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54. The firm’s fifty day moving average price is $36.73 and its two-hundred day moving average price is $33.08.

Range Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.86%. Range Resources’s payout ratio is currently 16.16%.

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.