Hillsdale Investment Management Inc. Purchases Shares of 25,200 Range Resources Corporation $RRC

Hillsdale Investment Management Inc. acquired a new position in Range Resources Corporation (NYSE:RRC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,200 shares of the oil and gas exploration company’s stock, valued at approximately $949,000.

Several other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its stake in shares of Range Resources by 1,464.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 751 shares of the oil and gas exploration company’s stock valued at $31,000 after purchasing an additional 703 shares during the period. True Wealth Design LLC increased its holdings in Range Resources by 116.3% in the third quarter. True Wealth Design LLC now owns 1,006 shares of the oil and gas exploration company’s stock valued at $38,000 after buying an additional 541 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Range Resources by 49.6% in the third quarter. Smartleaf Asset Management LLC now owns 1,013 shares of the oil and gas exploration company’s stock worth $38,000 after acquiring an additional 336 shares during the period. Allworth Financial LP raised its position in shares of Range Resources by 196.5% in the second quarter. Allworth Financial LP now owns 1,103 shares of the oil and gas exploration company’s stock worth $45,000 after acquiring an additional 731 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Range Resources by 510.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,708 shares of the oil and gas exploration company’s stock worth $69,000 after acquiring an additional 1,428 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Range Resources Stock Performance

NYSE RRC opened at $38.56 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $9.14 billion, a PE ratio of 16.20, a P/E/G ratio of 0.36 and a beta of 0.58. Range Resources Corporation has a 1 year low of $30.32 and a 1 year high of $43.50. The company has a fifty day moving average of $35.75 and a two-hundred day moving average of $36.22.

Range Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, December 12th. Range Resources’s dividend payout ratio is presently 15.13%.

Analyst Upgrades and Downgrades

RRC has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Range Resources in a research note on Monday, December 29th. Wells Fargo & Company set a $43.00 price objective on Range Resources and gave the company an “equal weight” rating in a report on Monday, January 12th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $39.00 target price (down from $44.00) on shares of Range Resources in a research note on Monday, December 8th. Piper Sandler decreased their target price on Range Resources from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th. Finally, Morgan Stanley dropped their price target on shares of Range Resources from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Range Resources presently has a consensus rating of “Hold” and a consensus target price of $41.12.

Range Resources Profile

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania’s Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company’s technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.