Diversify Wealth Management LLC Buys 1,809 Shares of Range Resources Co. (NYSE:RRC)

Diversify Wealth Management LLC boosted its stake in shares of Range Resources Co. (NYSE:RRC) by 18.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,531 shares of the oil and gas exploration company’s stock after acquiring an additional 1,809 shares during the quarter. Diversify Wealth Management LLC’s holdings in Range Resources were worth $357,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in RRC. Price T Rowe Associates Inc. MD boosted its position in shares of Range Resources by 25.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,633,567 shares of the oil and gas exploration company’s stock valued at $985,855,000 after buying an additional 5,759,883 shares during the period. Vanguard Group Inc. boosted its position in shares of Range Resources by 4.1% during the first quarter. Vanguard Group Inc. now owns 24,490,639 shares of the oil and gas exploration company’s stock valued at $843,213,000 after buying an additional 959,011 shares during the period. Boston Partners boosted its position in shares of Range Resources by 2.1% during the first quarter. Boston Partners now owns 6,531,086 shares of the oil and gas exploration company’s stock valued at $224,912,000 after buying an additional 133,565 shares during the period. Lingotto Investment Management LLP boosted its position in shares of 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 valued at $216,326,000 after buying an additional 93,782 shares during the period. Finally, KGH Ltd boosted its position in shares of Range Resources by 3.2% during the second quarter. KGH Ltd now owns 6,080,000 shares of the oil and gas exploration company’s stock valued at $203,862,000 after buying an additional 190,000 shares during the period. 98.93% of the stock is owned by institutional investors.

Insider Activity at Range Resources

In related news, VP Ashley Kavanaugh sold 12,700 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $31.45, for a total value of $399,415.00. Following the completion of the sale, the vice president now directly owns 9,670 shares of the company’s stock, valued at $304,121.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Charles G. Griffie purchased 1,275 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were acquired at an average cost of $31.46 per share, for a total transaction of $40,111.50. Following the completion of the purchase, the director now directly owns 5,921 shares in the company, valued at $186,274.66. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ashley Kavanaugh sold 12,700 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $31.45, for a total transaction of $399,415.00. Following the transaction, the vice president now owns 9,670 shares in the company, valued at approximately $304,121.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on RRC. Piper Sandler lowered Range Resources from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $43.00 to $31.00 in a research report on Thursday, August 15th. Wolfe Research started coverage on Range Resources in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Susquehanna lowered their price target on Range Resources from $36.00 to $31.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Wells Fargo & Company lowered their price target on Range Resources from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, October 25th. Finally, Scotiabank upgraded Range Resources from a “sector perform” rating to a “sector outperform” rating and set a $45.00 price target for the company in a report on Tuesday, August 20th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Range Resources currently has an average rating of “Hold” and a consensus price target of $35.00.

Range Resources Stock Down 0.7 %

Shares of NYSE RRC opened at $29.83 on Friday. Range Resources Co. has a 1 year low of $27.29 and a 1 year high of $39.33. 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 company has a 50 day simple moving average of $30.24 and a 200-day simple moving average of $32.85. The company has a market capitalization of $7.20 billion, a P/E ratio of 15.06 and a beta of 1.80.

Range Resources (NYSE:RRC) last issued its quarterly earnings results on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.32 by $0.16. The company had revenue of $615.03 million during the quarter, compared to analysts’ expectations of $617.90 million. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. The firm’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. On average, equities research analysts predict that Range Resources Co. will post 1.87 earnings per share for the current year.

Range Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.32 dividend on an annualized basis and a yield of 1.07%. Range Resources’s dividend payout ratio (DPR) is presently 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.