Range Resources Co. (NYSE:RRC) SVP Erin W. Mcdowell Sells 9,568 Shares

Range Resources Co. (NYSE:RRC) SVP Erin W. Mcdowell sold 9,568 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $40.62, for a total value of $388,652.16. Following the transaction, the senior vice president now owns 13,800 shares of the company’s stock, valued at approximately $560,556. This trade represents a 40.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Range Resources Stock Performance

RRC stock opened at $40.11 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market capitalization of $9.59 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 5.11 and a beta of 0.60. Range Resources Co. has a 1 year low of $27.29 and a 1 year high of $41.95. The stock’s fifty day moving average is $36.56 and its two-hundred day moving average is $36.38.

Range Resources (NYSE:RRC) last posted its earnings results on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. The company had revenue of $626.42 million for the quarter, compared to analysts’ expectations of $676.53 million. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. During the same period last year, the business posted $0.63 earnings per share. On average, research analysts predict that Range Resources Co. will post 2.02 EPS for the current year.

Range Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.90%. This is a positive change from Range Resources’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, March 14th. Range Resources’s dividend payout ratio (DPR) is 32.14%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Benchmark reiterated a “hold” rating on shares of Range Resources in a research note on Friday, January 17th. Roth Mkm upgraded Range Resources from a “neutral” rating to a “buy” rating and increased their target price for the company from $41.00 to $42.00 in a research note on Tuesday, April 8th. Barclays reduced their target price on Range Resources from $43.00 to $39.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 23rd. Mizuho increased their target price on Range Resources from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Susquehanna reduced their target price on Range Resources from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Range Resources currently has an average rating of “Hold” and an average target price of $41.85.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. grew its holdings in Range Resources by 71.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,057,280 shares of the oil and gas exploration company’s stock worth $181,961,000 after acquiring an additional 2,104,304 shares during the period. Wellington Management Group LLP acquired a new stake in Range Resources during the 4th quarter worth about $33,684,000. Amundi boosted its position in Range Resources by 233.2% during the 4th quarter. Amundi now owns 1,180,913 shares of the oil and gas exploration company’s stock worth $44,308,000 after acquiring an additional 826,530 shares during the period. King Luther Capital Management Corp boosted its position in Range Resources by 2,522.3% during the 1st quarter. King Luther Capital Management Corp now owns 823,650 shares of the oil and gas exploration company’s stock worth $32,888,000 after acquiring an additional 792,240 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Range Resources by 9.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,330,676 shares of the oil and gas exploration company’s stock worth $263,768,000 after acquiring an additional 624,955 shares during the period. 98.93% of the stock is owned by institutional investors and hedge funds.

Range Resources Company 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.