Range Resources Corporation $RRC Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in Range Resources Corporation (NYSE:RRC) by 3.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,851,886 shares of the oil and gas exploration company’s stock after purchasing an additional 799,574 shares during the period. Vanguard Group Inc. owned 10.49% of Range Resources worth $935,425,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of RRC. Boston Partners raised its holdings in shares of Range Resources by 6.1% in the second quarter. Boston Partners now owns 7,419,508 shares of the oil and gas exploration company’s stock worth $301,133,000 after buying an additional 425,704 shares during the last quarter. Lingotto Investment Management LLP increased its position in shares of Range Resources by 2.0% in the 2nd quarter. Lingotto Investment Management LLP now owns 7,161,614 shares of the oil and gas exploration company’s stock valued at $291,263,000 after acquiring an additional 138,877 shares during the period. Invesco Ltd. raised its stake in Range Resources by 230.1% in the 2nd quarter. Invesco Ltd. now owns 4,785,940 shares of the oil and gas exploration company’s stock worth $194,644,000 after acquiring an additional 3,336,299 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Range Resources by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,442,223 shares of the oil and gas exploration company’s stock worth $129,565,000 after acquiring an additional 157,387 shares during the period. Finally, Qube Research & Technologies Ltd grew its stake in Range Resources by 30.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,951,806 shares of the oil and gas exploration company’s stock valued at $120,050,000 after purchasing an additional 689,212 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Range Resources Trading Up 1.5%

Range Resources stock opened at $39.71 on Monday. The firm has a market cap of $9.41 billion, a PE ratio of 16.69, a P/E/G ratio of 0.36 and a beta of 0.58. Range Resources Corporation has a 12 month low of $30.32 and a 12 month high of $43.50. The stock’s 50 day simple moving average is $35.69 and its two-hundred day simple moving average is $36.20. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29.

Range Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, December 12th. Range Resources’s dividend payout ratio (DPR) is currently 15.13%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RRC. Royal Bank Of Canada cut their price objective on Range Resources from $46.00 to $44.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Range Resources in a research report on Monday, December 29th. Barclays raised shares of Range Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Morgan Stanley decreased their price objective on shares of Range Resources from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $39.00 price objective (down from $44.00) on shares of Range Resources in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Range Resources presently has a consensus rating of “Hold” and a consensus price target of $41.12.

About Range Resources

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania’s Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company’s technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.