PUREfi Wealth LLC Purchases Shares of 7,500 Range Resources Co. (NYSE:RRC)

PUREfi Wealth LLC purchased a new stake in Range Resources Co. (NYSE:RRC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,500 shares of the oil and gas exploration company’s stock, valued at approximately $270,000.

Other hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in Range Resources in the third quarter valued at $25,000. UMB Bank n.a. boosted its stake in shares of 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 in the last quarter. Blue Trust Inc. boosted its stake in shares of Range Resources by 107.8% during the 3rd quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company’s stock worth $46,000 after acquiring an additional 705 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Range Resources during the 4th quarter worth about $46,000. Finally, Bogart Wealth LLC purchased a new stake in shares of Range Resources during the 3rd quarter worth about $49,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RRC shares. Scotiabank lowered shares of Range Resources from a “sector outperform” rating to a “sector perform” rating and set a $45.00 target price on the stock. in a research note on Friday, January 17th. Benchmark reissued a “hold” rating on shares of Range Resources in a research note on Friday, January 17th. Piper Sandler raised their price target on shares of Range Resources from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Wolfe Research raised shares of Range Resources from a “peer perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Friday, January 3rd. Finally, Mizuho raised their price target on shares of Range Resources from $40.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $38.78.

Range Resources Stock Down 0.3 %

RRC stock opened at $38.68 on Friday. The firm has a 50-day moving average of $37.17 and a two-hundred day moving average of $33.33. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 19.54 and a beta of 1.77. 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 12 month low of $27.29 and a 12 month high of $41.95.

Range Resources Announces Dividend

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 dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.83%. Range Resources’s dividend payout ratio is currently 16.16%.

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.