Mraz Amerine & Associates Inc. Takes $228,000 Position in Range Resources Co. (NYSE:RRC)

Mraz Amerine & Associates Inc. bought a new position in Range Resources Co. (NYSE:RRC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,330 shares of the oil and gas exploration company’s stock, valued at approximately $228,000.

Several other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Range Resources by 61.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,579,579 shares of the oil and gas exploration company’s stock worth $48,588,000 after buying an additional 604,199 shares in the last quarter. HITE Hedge Asset Management LLC bought a new position in shares of Range Resources in the third quarter worth about $11,508,000. Calamos Advisors LLC purchased a new position in Range Resources in the 4th quarter worth approximately $567,000. Radnor Capital Management LLC grew its holdings in Range Resources by 156.2% during the 4th quarter. Radnor Capital Management LLC now owns 42,993 shares of the oil and gas exploration company’s stock valued at $1,547,000 after buying an additional 26,213 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Range Resources by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,017,704 shares of the oil and gas exploration company’s stock valued at $62,065,000 after buying an additional 92,217 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Range Resources Stock Down 0.3 %

NYSE:RRC opened at $38.68 on Tuesday. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 19.54 and a beta of 1.77. Range Resources Co. has a twelve month low of $27.29 and a twelve month high of $41.95. The stock has a fifty day simple moving average of $37.26 and a 200-day simple moving average of $33.41. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

RRC has been the subject of several research analyst reports. Truist Financial raised their target price on shares of Range Resources from $31.00 to $35.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Benchmark reissued a “hold” rating on shares of Range Resources in a research note on Friday, January 17th. Stephens lifted their price objective on Range Resources from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Citigroup raised their target price on shares of Range Resources from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, Barclays lifted their price objective on shares of Range Resources from $34.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Range Resources has a consensus rating of “Hold” and an average price target 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.