Howland Capital Management LLC Acquires Shares of 5,700 Range Resources Co. (NYSE:RRC)

Howland Capital Management LLC bought a new stake in shares of Range Resources Co. (NYSE:RRC) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 5,700 shares of the oil and gas exploration company’s stock, valued at approximately $205,000.

A number of other large investors also recently made changes to their positions in RRC. Brooklyn Investment Group acquired a new stake in Range Resources in the third quarter worth $25,000. UMB Bank n.a. lifted its holdings in shares of Range Resources by 59.0% during the 4th quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company’s stock valued at $41,000 after purchasing an additional 426 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Range Resources in the 4th quarter valued at approximately $46,000. Blue Trust Inc. increased its stake in Range Resources by 107.8% during the 3rd quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company’s stock worth $46,000 after purchasing an additional 705 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in Range Resources by 42.8% during the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company’s stock worth $56,000 after buying an additional 463 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Range Resources Stock Performance

Shares of NYSE RRC opened at $37.22 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $8.98 billion, a P/E ratio of 18.80 and a beta of 1.77. Range Resources Co. has a 12 month low of $27.29 and a 12 month high of $41.95. The stock has a 50 day moving average of $36.73 and a 200-day moving average of $33.09.

Range Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $0.08 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.32 annualized dividend and a dividend yield of 0.86%. Range Resources’s dividend payout ratio is currently 16.16%.

Analysts Set New Price Targets

RRC has been the subject of several research analyst reports. Benchmark reiterated a “hold” rating on shares of Range Resources in a report on Friday, January 17th. Citigroup upped their target price on shares of Range Resources from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Stephens lifted their price target on Range Resources from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. UBS Group raised Range Resources from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $28.00 to $35.00 in a research report on Monday, December 9th. Finally, Bank of America raised Range Resources from a “neutral” rating to a “buy” rating and lifted their target price for the company from $34.00 to $45.00 in a research report on Monday, January 13th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $38.00.

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.