8,000 Shares in Range Resources Co. (NYSE:RRC) Purchased by Winebrenner Capital Management LLC

Winebrenner Capital Management LLC bought a new stake in shares of Range Resources Co. (NYSE:RRC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,000 shares of the oil and gas exploration company’s stock, valued at approximately $288,000.

Several other hedge funds also recently modified their holdings of the business. Brooklyn Investment Group bought a new stake in shares of Range Resources during the third quarter worth approximately $25,000. UMB Bank n.a. grew its holdings in Range Resources by 59.0% during the 4th quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company’s stock worth $41,000 after acquiring an additional 426 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of Range Resources during the 4th quarter valued at $46,000. Blue Trust Inc. boosted its position in shares of Range Resources by 107.8% in the 3rd quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company’s stock worth $46,000 after purchasing an additional 705 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Range Resources by 42.8% in the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company’s stock worth $56,000 after purchasing an additional 463 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Range Resources Stock Down 3.0 %

Shares of RRC stock opened at $38.47 on Friday. The firm’s fifty day moving average price is $37.58 and its two-hundred day moving average price is $33.64. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28. Range Resources Co. has a 1 year low of $27.29 and a 1 year high of $41.95. The firm has a market capitalization of $9.28 billion, a P/E ratio of 19.43, a PEG ratio of 5.14 and a beta of 1.77.

Range Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.32 annualized dividend and a yield of 0.83%. Range Resources’s payout ratio is presently 16.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wolfe Research raised Range Resources from a “peer perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research note on Friday, January 3rd. Barclays increased their price target on shares of Range Resources from $34.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. The Goldman Sachs Group boosted their price objective on shares of Range Resources from $39.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Bank of America raised Range Resources from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $34.00 to $45.00 in a research note on Monday, January 13th. Finally, StockNews.com upgraded Range Resources to a “sell” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $38.78.

Range Resources 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.