Tower Research Capital LLC TRC Has $580,000 Stock Holdings in Range Resources Co. (NYSE:RRC)

Tower Research Capital LLC TRC increased its position in shares of Range Resources Co. (NYSE:RRC) by 133.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,123 shares of the oil and gas exploration company’s stock after buying an additional 9,221 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Range Resources were worth $580,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mirabella Financial Services LLP bought a new stake in shares of Range Resources in the 4th quarter valued at approximately $951,000. MetLife Investment Management LLC boosted its stake in Range Resources by 8.7% in the 4th quarter. MetLife Investment Management LLC now owns 135,955 shares of the oil and gas exploration company’s stock valued at $4,892,000 after buying an additional 10,920 shares in the last quarter. Curi RMB Capital LLC boosted its stake in Range Resources by 0.8% in the 4th quarter. Curi RMB Capital LLC now owns 465,579 shares of the oil and gas exploration company’s stock valued at $16,752,000 after buying an additional 3,562 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Range Resources by 9.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,330,676 shares of the oil and gas exploration company’s stock valued at $263,768,000 after buying an additional 624,955 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Range Resources by 1.9% in the 4th quarter. First Trust Advisors LP now owns 801,881 shares of the oil and gas exploration company’s stock valued at $28,852,000 after buying an additional 14,819 shares in the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RRC has been the topic of several recent analyst reports. Williams Trading set a $40.00 price target on Range Resources in a research note on Wednesday, March 5th. Wolfe Research raised 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. UBS Group boosted their price objective on Range Resources from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, April 24th. The Goldman Sachs Group boosted their price objective on Range Resources from $39.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, Roth Mkm raised Range Resources from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $41.00 to $42.00 in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.50.

Range Resources Trading Up 1.4 %

NYSE RRC opened at $35.27 on Tuesday. The stock has a 50-day simple moving average of $36.63 and a 200 day simple moving average of $35.81. The company has a market capitalization of $8.43 billion, a PE ratio of 17.81, a P/E/G ratio of 5.11 and a beta of 1.73. 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 (NYSE:RRC) last released its quarterly earnings data on Tuesday, February 25th. The oil and gas exploration company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. The business had revenue of $626.42 million during the quarter, compared to the consensus estimate of $676.53 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. Research analysts forecast that Range Resources Co. will post 2.02 EPS for the current year.

Range Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.09 dividend. This is an increase from Range Resources’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Friday, March 14th. Range Resources’s dividend payout ratio is 32.14%.

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.