Radnor Capital Management LLC Has $1.55 Million Stock Holdings in Range Resources Co. (NYSE:RRC)

Radnor Capital Management LLC boosted its holdings in shares of Range Resources Co. (NYSE:RRC) by 156.2% in the fourth quarter, Holdings Channel reports. The firm owned 42,993 shares of the oil and gas exploration company’s stock after purchasing an additional 26,213 shares during the quarter. Radnor Capital Management LLC’s holdings in Range Resources were worth $1,547,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Lingotto Investment Management LLP grew its stake in Range Resources by 1.5% during the second quarter. Lingotto Investment Management LLP now owns 6,451,726 shares of the oil and gas exploration company’s stock worth $216,326,000 after buying an additional 93,782 shares during the last quarter. KGH Ltd raised its holdings in Range Resources by 3.2% during the 2nd quarter. KGH Ltd now owns 6,080,000 shares of the oil and gas exploration company’s stock worth $203,862,000 after purchasing an additional 190,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Range Resources by 0.9% in the third quarter. Geode Capital Management LLC now owns 4,003,299 shares of the oil and gas exploration company’s stock valued at $123,174,000 after buying an additional 35,344 shares during the period. Canoe Financial LP boosted its stake in Range Resources by 114.9% in the third quarter. Canoe Financial LP now owns 2,660,309 shares of the oil and gas exploration company’s stock valued at $81,299,000 after acquiring an additional 1,422,200 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Range Resources by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,017,704 shares of the oil and gas exploration company’s stock valued at $62,065,000 after acquiring an additional 92,217 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Insiders Place Their Bets

In related news, Director Charles G. Griffie acquired 1,275 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was bought at an average price of $31.46 per share, with a total value of $40,111.50. Following the acquisition, the director now owns 5,921 shares in the company, valued at $186,274.66. This represents a 27.44 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RRC. UBS Group upgraded Range Resources from a “sell” rating to a “neutral” rating and raised their price target for the stock from $28.00 to $35.00 in a research report on Monday, December 9th. Wolfe Research upgraded Range Resources from a “peer perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Friday, January 3rd. Piper Sandler lowered their price target on Range Resources from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Wells Fargo & Company lifted their price objective on shares of Range Resources from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Finally, Benchmark reaffirmed a “hold” rating on shares of Range Resources in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $37.16.

Range Resources Stock Performance

Shares of RRC stock opened at $39.61 on Wednesday. The firm has a market cap of $9.56 billion, a PE ratio of 20.01 and a beta of 1.81. Range Resources Co. has a 12 month low of $27.29 and a 12 month high of $39.76. The company’s fifty day simple moving average is $34.96 and its 200-day simple moving average is $32.38. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28.

Range Resources (NYSE:RRC) last posted its quarterly earnings data on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.16. The company had revenue of $615.03 million during the quarter, compared to the consensus estimate of $617.90 million. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 EPS. Equities research analysts expect that Range Resources Co. will post 1.91 EPS for the current fiscal year.

Range Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders 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 0.81%. Range Resources’s dividend payout ratio is 16.16%.

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.