1,700 Shares in Range Resources Co. (NYSE:RRC) Acquired by Delos Wealth Advisors LLC

Delos Wealth Advisors LLC acquired a new position in Range Resources Co. (NYSE:RRC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,700 shares of the oil and gas exploration company’s stock, valued at approximately $52,000.

Several other large investors also recently made changes to their positions in the business. Alliance Wealth Advisors LLC UT increased its position in Range Resources by 4.3% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 10,403 shares of the oil and gas exploration company’s stock valued at $317,000 after acquiring an additional 431 shares in the last quarter. Fifth Third Bancorp raised its position in Range Resources by 57.7% in the 3rd quarter. Fifth Third Bancorp now owns 1,339 shares of the oil and gas exploration company’s stock worth $43,000 after purchasing an additional 490 shares during the last quarter. Xponance Inc. lifted its holdings in Range Resources by 2.0% during the 4th quarter. Xponance Inc. now owns 29,187 shares of the oil and gas exploration company’s stock worth $888,000 after buying an additional 579 shares in the last quarter. Octavia Wealth Advisors LLC boosted its position in Range Resources by 9.4% in the 4th quarter. Octavia Wealth Advisors LLC now owns 6,857 shares of the oil and gas exploration company’s stock valued at $209,000 after buying an additional 590 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Range Resources by 333.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 866 shares of the oil and gas exploration company’s stock valued at $26,000 after buying an additional 666 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Insider Transactions at Range Resources

In related news, Director Charles G. Griffie acquired 1,500 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were bought at an average cost of $34.65 per share, with a total value of $51,975.00. Following the completion of the transaction, the director now directly owns 4,646 shares of the company’s stock, valued at $160,983.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Charles G. Griffie bought 1,500 shares of the stock in a transaction dated Thursday, May 2nd. The shares were bought at an average price of $34.65 per share, for a total transaction of $51,975.00. Following the completion of the purchase, the director now owns 4,646 shares in the company, valued at $160,983.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ashley Kavanaugh sold 15,978 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $37.75, for a total value of $603,169.50. Following the completion of the sale, the vice president now owns 22,370 shares of the company’s stock, valued at $844,467.50. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

Range Resources Stock Down 0.2 %

RRC stock traded down $0.07 during mid-day trading on Thursday, reaching $36.90. The company had a trading volume of 2,961,147 shares, compared to its average volume of 2,557,311. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a 50 day simple moving average of $34.58 and a two-hundred day simple moving average of $32.49. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 18.77 and a beta of 1.85. Range Resources Co. has a 52 week low of $24.61 and a 52 week high of $38.25.

Range Resources (NYSE:RRC) last posted its quarterly earnings results on Tuesday, April 23rd. The oil and gas exploration company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.21. The firm had revenue of $718.20 million during the quarter, compared to the consensus estimate of $680.72 million. Range Resources had a return on equity of 13.30% and a net margin of 17.00%. The business’s revenue was down 15.7% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. As a group, equities analysts predict that Range Resources Co. will post 2 earnings per share for the current fiscal year.

Range Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.87%. Range Resources’s dividend payout ratio is currently 16.24%.

Analyst Ratings Changes

Several equities analysts recently issued reports on RRC shares. Citigroup raised their price target on Range Resources from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Barclays initiated coverage on shares of Range Resources in a research report on Wednesday, April 10th. They set an “underweight” rating and a $35.00 price target for the company. Piper Sandler increased their price objective on shares of Range Resources from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Mizuho reaffirmed a “buy” rating and issued a $41.00 price objective (up from $39.00) on shares of Range Resources in a research note on Friday, April 26th. Finally, Stifel Nicolaus upped their target price on shares of Range Resources from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $36.62.

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.