20,385 Shares in Range Resources Corporation $RRC Acquired by Foster & Motley Inc.

Foster & Motley Inc. acquired a new stake in Range Resources Corporation (NYSE:RRC) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,385 shares of the oil and gas exploration company’s stock, valued at approximately $758,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. King Luther Capital Management Corp grew its position in shares of Range Resources by 49.8% during the 4th quarter. King Luther Capital Management Corp now owns 1,281,975 shares of the oil and gas exploration company’s stock worth $45,202,000 after buying an additional 426,300 shares during the period. Vanguard Group Inc. raised its position in shares of Range Resources by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 25,553,637 shares of the oil and gas exploration company’s stock valued at $901,021,000 after acquiring an additional 701,751 shares during the period. Life Cycle Investment Partners Ltd bought a new position in Range Resources during the 4th quarter worth approximately $21,129,000. B. Metzler seel. Sohn & Co. AG boosted its stake in Range Resources by 101.5% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 117,879 shares of the oil and gas exploration company’s stock worth $4,156,000 after acquiring an additional 59,381 shares during the last quarter. Finally, Entropy Technologies LP grew its holdings in Range Resources by 321.3% during the first quarter. Entropy Technologies LP now owns 52,114 shares of the oil and gas exploration company’s stock valued at $2,355,000 after purchasing an additional 39,745 shares during the period. 98.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on RRC. Stephens upped their target price on shares of Range Resources from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Raymond James Financial set a $45.00 price target on shares of Range Resources in a report on Monday, July 27th. Wells Fargo & Company lowered their price objective on shares of Range Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. Susquehanna dropped their price objective on Range Resources from $45.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 21st. Finally, Citigroup reiterated a “neutral” rating on shares of Range Resources in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Range Resources presently has a consensus rating of “Hold” and an average price target of $43.75.

Insider Activity at Range Resources

In related news, Director Reginal Spiller sold 3,500 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $40.00, for a total transaction of $140,000.00. Following the completion of the transaction, the director owned 13,421 shares in the company, valued at approximately $536,840. This represents a 20.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Range Resources Stock Up 1.3%

RRC stock opened at $40.38 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $9.44 billion, a P/E ratio of 11.15 and a beta of 0.42. Range Resources Corporation has a fifty-two week low of $32.60 and a fifty-two week high of $48.31. The business has a 50-day moving average of $37.99 and a 200-day moving average of $40.04.

Range Resources (NYSE:RRC) last announced its earnings results on Tuesday, July 21st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.13. Range Resources had a return on equity of 18.63% and a net margin of 25.04%.The business had revenue of $759.58 million for the quarter, compared to analyst estimates of $744.78 million. During the same quarter last year, the firm earned $0.66 EPS. Range Resources’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Range Resources Corporation will post 3.49 earnings per share for the current fiscal year.

Range Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, June 12th. Range Resources’s payout ratio is currently 11.05%.

Range Resources Profile

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania’s Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company’s technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.