Retirement Systems of Alabama purchased a new position in Range Resources Co. (NYSE:RRC – Get Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 327,755 shares of the oil and gas exploration company’s stock, valued at approximately $9,957,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Natixis Advisors L.P. grew its position in Range Resources by 1.5% during the 4th quarter. Natixis Advisors L.P. now owns 48,203 shares of the oil and gas exploration company’s stock worth $859,000 after purchasing an additional 732 shares in the last quarter. Diversified Trust Co grew its position in Range Resources by 5.3% during the 4th quarter. Diversified Trust Co now owns 34,475 shares of the oil and gas exploration company’s stock worth $615,000 after purchasing an additional 1,734 shares in the last quarter. Confluence Wealth Services Inc. purchased a new position in Range Resources during the 4th quarter worth approximately $35,000. Crossmark Global Holdings Inc. grew its position in Range Resources by 10.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 20,900 shares of the oil and gas exploration company’s stock worth $373,000 after purchasing an additional 2,050 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC purchased a new position in Range Resources during the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.
Range Resources stock opened at $25.38 on Tuesday. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of -52.87, a P/E/G ratio of 0.19 and a beta of 2.06. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.25 and a quick ratio of 0.25. Range Resources Co. has a fifty-two week low of $12.37 and a fifty-two week high of $37.44. The firm has a fifty day moving average price of $30.05 and a two-hundred day moving average price of $26.15.
Range Resources (NYSE:RRC – Get Rating) last released its earnings results on Tuesday, April 26th. The oil and gas exploration company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.03. The firm had revenue of $986.66 million during the quarter, compared to analyst estimates of $955.47 million. Range Resources had a negative net margin of 2.90% and a positive return on equity of 45.50%. During the same quarter in the previous year, the business earned $0.30 EPS. As a group, sell-side analysts expect that Range Resources Co. will post 4.69 earnings per share for the current year.
RRC has been the topic of several research analyst reports. TheStreet cut shares of Range Resources from a “b-” rating to a “c” rating in a research report on Friday, May 6th. Wells Fargo & Company boosted their price target on shares of Range Resources from $34.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, March 14th. Mizuho boosted their price target on shares of Range Resources from $24.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, April 8th. Susquehanna boosted their price target on shares of Range Resources from $24.00 to $34.00 in a report on Monday, April 25th. Finally, StockNews.com assumed coverage on shares of Range Resources in a report on Thursday, March 31st. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $32.18.
In other Range Resources news, SVP Dori Ginn sold 10,000 shares of the company’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $36.17, for a total transaction of $361,700.00. Following the sale, the senior vice president now directly owns 332,033 shares of the company’s stock, valued at $12,009,633.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark Scucchi sold 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $32.67, for a total transaction of $1,796,850.00. Following the transaction, the chief financial officer now owns 446,341 shares in the company, valued at $14,581,960.47. The disclosure for this sale can be found here. Insiders have sold 172,500 shares of company stock valued at $5,669,875 in the last ninety days. 0.93% of the stock is owned by company insiders.
Range Resources Profile (Get Rating)
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. As of December 31, 2021, the company owned and operated 1,350 net producing wells and approximately 794,000 net acres under lease located in the Appalachian region of the northeastern United States.
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