Range Resources Corporation $RRC Shares Bought by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC grew its stake in shares of Range Resources Corporation (NYSE:RRC) by 202.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 405,436 shares of the oil and gas exploration company’s stock after acquiring an additional 271,304 shares during the period. Aristotle Capital Boston LLC’s holdings in Range Resources were worth $15,261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RRC. Algert Global LLC lifted its stake in shares of Range Resources by 178.2% in the third quarter. Algert Global LLC now owns 584,526 shares of the oil and gas exploration company’s stock valued at $22,002,000 after purchasing an additional 374,438 shares during the period. Ameriprise Financial Inc. boosted its holdings in Range Resources by 10.7% during the third quarter. Ameriprise Financial Inc. now owns 833,848 shares of the oil and gas exploration company’s stock worth $31,386,000 after buying an additional 80,344 shares in the last quarter. Creative Planning grew its position in Range Resources by 88.9% during the third quarter. Creative Planning now owns 56,296 shares of the oil and gas exploration company’s stock worth $2,119,000 after buying an additional 26,489 shares during the period. AQR Capital Management LLC grew its position in Range Resources by 517.6% during the third quarter. AQR Capital Management LLC now owns 2,440,277 shares of the oil and gas exploration company’s stock worth $91,852,000 after buying an additional 2,045,165 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in Range Resources by 5.6% in the third quarter. Raymond James Financial Inc. now owns 288,118 shares of the oil and gas exploration company’s stock valued at $10,845,000 after buying an additional 15,214 shares in the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on RRC. Weiss Ratings upgraded shares of Range Resources from a “hold (c)” rating to a “buy (b)” rating in a research report on Friday, February 27th. Piper Sandler upped their price target on Range Resources from $41.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday. Royal Bank Of Canada dropped their price objective on Range Resources from $46.00 to $44.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 14th. Wells Fargo & Company lifted their price objective on Range Resources from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $39.00 target price (down from $44.00) on shares of Range Resources in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $42.13.

Range Resources Stock Up 1.5%

Shares of NYSE RRC opened at $43.54 on Friday. The firm’s 50-day moving average is $37.43 and its two-hundred day moving average is $36.94. The company has a market capitalization of $10.25 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 0.40 and a beta of 0.57. Range Resources Corporation has a 12-month low of $30.32 and a 12-month high of $43.65. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.67 and a quick ratio of 0.67.

Range Resources (NYSE:RRC) last issued its quarterly earnings data on Tuesday, February 24th. The oil and gas exploration company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.13. Range Resources had a net margin of 21.12% and a return on equity of 16.31%. The business had revenue of $786.89 million during the quarter, compared to analysts’ expectations of $770.92 million. During the same period last year, the company posted $0.68 EPS. The company’s revenue was up 30.9% on a year-over-year basis. Equities analysts anticipate that Range Resources Corporation will post 2.02 EPS for the current fiscal year.

Range Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.10 per share. This is a boost from Range Resources’s previous quarterly dividend of $0.09. The ex-dividend date is Friday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.9%. Range Resources’s payout ratio is currently 13.14%.

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.