W.G. Shaheen & Associates DBA Whitney & Co Acquires 13,930 Shares of Range Resources Co. (NYSE:RRC)

W.G. Shaheen & Associates DBA Whitney & Co raised its position in shares of Range Resources Co. (NYSE:RRC) by 4.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 312,918 shares of the oil and gas exploration company’s stock after purchasing an additional 13,930 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Range Resources were worth $11,259,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. M&T Bank Corp increased its stake in Range Resources by 3.1% in the third quarter. M&T Bank Corp now owns 10,790 shares of the oil and gas exploration company’s stock valued at $332,000 after purchasing an additional 327 shares in the last quarter. Commerce Bank boosted its stake in shares of Range Resources by 5.7% in the 3rd quarter. Commerce Bank now owns 6,848 shares of the oil and gas exploration company’s stock worth $211,000 after buying an additional 369 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Range Resources by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 7,435 shares of the oil and gas exploration company’s stock valued at $268,000 after purchasing an additional 378 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Range Resources by 0.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 66,630 shares of the oil and gas exploration company’s stock valued at $2,397,000 after purchasing an additional 420 shares during the period. Finally, UMB Bank n.a. boosted its position in Range Resources by 59.0% during the fourth quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company’s stock worth $41,000 after purchasing an additional 426 shares during the period. Institutional investors own 98.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RRC. Piper Sandler upped their price target on shares of Range Resources from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. StockNews.com raised Range Resources to a “sell” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group lifted their price target on shares of Range Resources from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Barclays raised their price target on shares of Range Resources from $34.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, Benchmark restated a “hold” rating on shares of Range Resources in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $38.78.

Range Resources Stock Performance

Shares of RRC opened at $38.47 on Monday. The stock has a 50-day simple moving average of $37.58 and a 200-day simple moving average of $33.71. 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 Co. has a 1 year low of $27.29 and a 1 year high of $41.95. The stock has a market capitalization of $9.28 billion, a PE ratio of 19.43, a PEG ratio of 5.11 and a beta of 1.78.

Range Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, December 13th. Range Resources’s payout ratio is 16.16%.

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.