1,700 Shares in Range Resources Co. (NYSE:RRC) Purchased by Delos Wealth Advisors LLC

Delos Wealth Advisors LLC purchased a new stake in shares of Range Resources Co. (NYSE:RRC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,700 shares of the oil and gas exploration company’s stock, valued at approximately $52,000.

Other large investors have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new position in shares of Range Resources in the 3rd quarter valued at about $26,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Range Resources by 333.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 866 shares of the oil and gas exploration company’s stock valued at $26,000 after acquiring an additional 666 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in shares of Range Resources in the 3rd quarter valued at about $27,000. Larson Financial Group LLC lifted its holdings in shares of Range Resources by 267.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,236 shares of the oil and gas exploration company’s stock valued at $40,000 after acquiring an additional 900 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Range Resources by 57.7% in the 3rd quarter. Fifth Third Bancorp now owns 1,339 shares of the oil and gas exploration company’s stock valued at $43,000 after acquiring an additional 490 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Insider Buying and Selling at Range Resources

In other news, VP Ashley Kavanaugh sold 15,978 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $37.75, for a total transaction of $603,169.50. Following the completion of the sale, the vice president now owns 22,370 shares of the company’s stock, valued at $844,467.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Ashley Kavanaugh sold 15,978 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $37.75, for a total transaction of $603,169.50. Following the completion of the sale, the vice president now owns 22,370 shares of the company’s stock, valued at $844,467.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles G. Griffie bought 1,500 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were bought at an average cost of $34.65 per share, with a total value of $51,975.00. Following the purchase, the director now directly owns 4,646 shares of the company’s stock, valued at $160,983.90. The disclosure for this purchase can be found here. 2.50% of the stock is owned by corporate insiders.

Range Resources Stock Performance

Shares of Range Resources stock traded down $0.07 during trading on Thursday, hitting $36.90. 2,961,147 shares of the company’s stock were exchanged, compared to its average volume of 2,557,311. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.35 and a current ratio of 1.35. The business has a 50-day simple moving average of $34.58 and a 200-day simple moving average of $32.49. Range Resources Co. has a 52-week low of $24.61 and a 52-week high of $38.25. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 18.77 and a beta of 1.85.

Range Resources (NYSE:RRC) last released its quarterly earnings data on Tuesday, April 23rd. The oil and gas exploration company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.21. Range Resources had a net margin of 17.00% and a return on equity of 13.30%. The company had revenue of $718.20 million during the quarter, compared to analysts’ expectations of $680.72 million. During the same quarter in the previous year, the company earned $0.96 earnings per share. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, research analysts forecast that Range Resources Co. will post 2 EPS for the current year.

Range Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.08 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.87%. Range Resources’s payout ratio is 16.24%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. StockNews.com raised shares of Range Resources to a “sell” rating in a research note on Wednesday, March 13th. Morgan Stanley boosted their price target on shares of Range Resources from $23.00 to $33.00 and gave the company an “underweight” rating in a report on Wednesday, April 17th. Truist Financial dropped their target price on Range Resources from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. Benchmark reaffirmed a “hold” rating on shares of Range Resources in a research report on Wednesday, April 24th. Finally, Susquehanna increased their price target on shares of Range Resources from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $36.62.

About Range Resources

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.