Ceredex Value Advisors LLC Has $17.62 Million Holdings in Range Resources Co. (NYSE:RRC)

Ceredex Value Advisors LLC decreased its position in shares of Range Resources Co. (NYSE:RRC) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 489,750 shares of the oil and gas exploration company’s stock after selling 14,500 shares during the quarter. Ceredex Value Advisors LLC’s holdings in Range Resources were worth $17,621,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Mariner LLC increased its stake in Range Resources by 6.1% in the fourth quarter. Mariner LLC now owns 16,575 shares of the oil and gas exploration company’s stock valued at $596,000 after acquiring an additional 960 shares during the last quarter. Townsquare Capital LLC raised its holdings in shares of Range Resources by 12.8% during the 4th quarter. Townsquare Capital LLC now owns 88,477 shares of the oil and gas exploration company’s stock worth $3,183,000 after buying an additional 10,022 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Range Resources by 5.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 56,678 shares of the oil and gas exploration company’s stock worth $2,039,000 after buying an additional 3,041 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Range Resources by 55.4% during the 4th quarter. Sterling Capital Management LLC now owns 14,051 shares of the oil and gas exploration company’s stock worth $506,000 after buying an additional 5,012 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its stake in Range Resources by 41.3% in the fourth quarter. Kennedy Capital Management LLC now owns 525,155 shares of the oil and gas exploration company’s stock valued at $18,895,000 after buying an additional 153,435 shares in the last quarter. 98.93% of the stock is owned by institutional investors.

Range Resources Trading Down 0.3 %

Shares of Range Resources stock opened at $33.37 on Wednesday. The stock has a market capitalization of $8.05 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 5.11 and a beta of 1.73. Range Resources Co. has a 52 week low of $27.29 and a 52 week high of $41.95. The stock has a 50 day moving average price of $37.51 and a two-hundred day moving average price of $35.63. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54.

Range Resources (NYSE:RRC) last issued its quarterly earnings data on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. The firm had revenue of $626.42 million during the quarter, compared to analysts’ expectations of $676.53 million. During the same period last year, the company earned $0.63 earnings per share. As a group, equities analysts anticipate that Range Resources Co. will post 2.02 earnings per share for the current fiscal year.

Range Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Range Resources’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.08%. Range Resources’s dividend payout ratio (DPR) is 32.73%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RRC shares. StockNews.com downgraded Range Resources from a “hold” rating to a “sell” rating in a research note on Tuesday. Barclays set a $43.00 target price on shares of Range Resources and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Citigroup cut Range Resources from a “neutral” rating to a “reduce” rating in a research note on Wednesday, March 5th. Scotiabank lowered Range Resources from a “sector outperform” rating to a “sector perform” rating and set a $45.00 price objective on the stock. in a research report on Friday, January 17th. Finally, Williams Trading set a $40.00 price target on Range Resources in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Range Resources currently has a consensus rating of “Hold” and a consensus price target of $41.43.

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.