Axa decreased its position in shares of Range Resources Corp. (NYSE:RRC) by 14.2% during the 4th quarter, HoldingsChannel reports. The firm owned 603,965 shares of the oil and gas exploration company’s stock after selling 100,052 shares during the quarter. Axa’s holdings in Range Resources were worth $10,303,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in RRC. Nationwide Fund Advisors raised its holdings in Range Resources by 10.4% during the third quarter. Nationwide Fund Advisors now owns 359,124 shares of the oil and gas exploration company’s stock worth $7,028,000 after purchasing an additional 33,783 shares in the last quarter. Pictet Asset Management Ltd. raised its holdings in Range Resources by 4.2% during the third quarter. Pictet Asset Management Ltd. now owns 132,663 shares of the oil and gas exploration company’s stock worth $2,596,000 after purchasing an additional 5,300 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Range Resources by 72.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 46,324 shares of the oil and gas exploration company’s stock worth $907,000 after purchasing an additional 19,474 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Range Resources during the third quarter worth approximately $244,000. Finally, Victory Capital Management Inc. raised its holdings in Range Resources by 18,002.1% during the third quarter. Victory Capital Management Inc. now owns 587,052 shares of the oil and gas exploration company’s stock worth $11,488,000 after purchasing an additional 583,809 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Range Resources Corp. (NYSE:RRC) opened at $15.74 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.54 and a current ratio of 0.57. Range Resources Corp. has a one year low of $11.93 and a one year high of $30.30. The stock has a market cap of $3,910.00, a price-to-earnings ratio of -787.00, a price-to-earnings-growth ratio of 0.70 and a beta of 0.69.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.51%. The ex-dividend date is Thursday, March 15th. Range Resources’s dividend payout ratio (DPR) is currently -400.00%.
In other Range Resources news, Director Anthony V. Dub sold 2,897 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $16.06, for a total transaction of $46,525.82. Following the sale, the director now directly owns 96,000 shares of the company’s stock, valued at approximately $1,541,760. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP David P. Poole sold 30,920 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $16.36, for a total transaction of $505,851.20. Following the transaction, the vice president now owns 17,647 shares in the company, valued at $288,704.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,574 shares of company stock worth $729,007. Company insiders own 2.40% of the company’s stock.
RRC has been the topic of several recent analyst reports. KeyCorp reissued a “hold” rating on shares of Range Resources in a report on Monday, November 13th. TheStreet raised Range Resources from a “d” rating to a “c-” rating in a report on Wednesday, February 28th. Bank of America dropped their price target on Range Resources from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. Scotiabank set a $27.00 price target on Range Resources and gave the company a “buy” rating in a report on Saturday, November 25th. Finally, Royal Bank of Canada dropped their price target on Range Resources to $28.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.70.
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About Range Resources
Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the exploration and production of natural gas, NGLs and oil in the United States. It is engaged in the exploration, development and acquisition of natural gas and crude oil properties located primarily in the Appalachian and North Louisiana regions of the United States.
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