Radnor Capital Management LLC Acquires 920 Shares of Range Resources Co. (NYSE:RRC)

Radnor Capital Management LLC raised its holdings in shares of Range Resources Co. (NYSE:RRC) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,913 shares of the oil and gas exploration company’s stock after acquiring an additional 920 shares during the quarter. Radnor Capital Management LLC’s holdings in Range Resources were worth $1,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC raised its holdings in Range Resources by 23.2% during the 4th quarter. LPL Financial LLC now owns 113,800 shares of the oil and gas exploration company’s stock valued at $4,095,000 after acquiring an additional 21,440 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Range Resources in the fourth quarter worth $380,000. Sanctuary Advisors LLC increased its holdings in shares of Range Resources by 169.1% in the fourth quarter. Sanctuary Advisors LLC now owns 17,944 shares of the oil and gas exploration company’s stock worth $674,000 after purchasing an additional 11,276 shares during the period. Rhumbline Advisers increased its holdings in shares of Range Resources by 1.6% in the fourth quarter. Rhumbline Advisers now owns 663,320 shares of the oil and gas exploration company’s stock worth $23,866,000 after purchasing an additional 10,401 shares during the period. Finally, Vestmark Advisory Solutions Inc. bought a new position in shares of Range Resources in the fourth quarter worth $256,000. Institutional investors own 98.93% of the company’s stock.

Range Resources Price Performance

RRC opened at $38.38 on Friday. The stock has a 50-day moving average price of $36.42 and a 200-day moving average price of $37.03. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28. Range Resources Co. has a 12-month low of $27.29 and a 12-month high of $41.95. The stock has a market capitalization of $9.17 billion, a P/E ratio of 19.38, a PEG ratio of 5.11 and a beta of 0.63.

Range Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.36 annualized dividend and a yield of 0.94%. Range Resources’s payout ratio is 32.14%.

Insider Buying and Selling at Range Resources

In other Range Resources news, Director James M. Funk sold 13,582 shares of the company’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $35.03, for a total transaction of $475,777.46. Following the completion of the sale, the director now directly owns 54,394 shares in the company, valued at $1,905,421.82. This represents a 19.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Reginal Spiller sold 4,200 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $40.16, for a total transaction of $168,672.00. Following the sale, the director now owns 13,663 shares of the company’s stock, valued at approximately $548,706.08. The trade was a 23.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,080 shares of company stock worth $2,984,479 over the last three months. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Roth Capital raised shares of Range Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. The Goldman Sachs Group upped their price target on shares of Range Resources from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Bank of America upped their price target on shares of Range Resources from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, May 23rd. Wall Street Zen cut shares of Range Resources from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Finally, Morgan Stanley set a $41.00 price target on shares of Range Resources in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $41.95.

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.