Nations Financial Group Inc. IA ADV Buys 5,001 Shares of Range Resources Co. (NYSE:RRC)

Nations Financial Group Inc. IA ADV lifted its holdings in Range Resources Co. (NYSE:RRC) by 30.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,431 shares of the oil and gas exploration company’s stock after buying an additional 5,001 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Range Resources were worth $771,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new position in shares of Range Resources in the 3rd quarter worth approximately $25,000. UMB Bank n.a. boosted its stake in shares of Range Resources by 59.0% in 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 buying an additional 426 shares during the last quarter. Blue Trust Inc. boosted its stake 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 buying an additional 705 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Range Resources in the 4th quarter worth approximately $46,000. Finally, Bogart Wealth LLC purchased a new position in shares of Range Resources in the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RRC shares. StockNews.com upgraded Range Resources to a “sell” rating in a research note on Wednesday, November 27th. Barclays upped their price objective on Range Resources from $34.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Bank of America upgraded Range Resources from a “neutral” rating to a “buy” rating and upped their price objective for the company from $34.00 to $45.00 in a research note on Monday, January 13th. Wolfe Research upgraded Range Resources from a “peer perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research note on Friday, January 3rd. Finally, Truist Financial upped their price objective on Range Resources from $31.00 to $35.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.78.

Range Resources Trading Down 0.3 %

NYSE:RRC opened at $38.68 on Monday. The company has a market cap of $9.33 billion, a P/E ratio of 19.54 and a beta of 1.77. 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 price is $37.17 and its two-hundred day moving average price is $33.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54.

Range Resources Dividend Announcement

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

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.