Townsquare Capital LLC Purchases 10,022 Shares of Range Resources Co. (NYSE:RRC)

Townsquare Capital LLC boosted its position in shares of Range Resources Co. (NYSE:RRC) by 12.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,477 shares of the oil and gas exploration company’s stock after purchasing an additional 10,022 shares during the quarter. Townsquare Capital LLC’s holdings in Range Resources were worth $3,183,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of RRC. Boston Partners increased its stake in shares of Range Resources by 4.9% during the fourth quarter. Boston Partners now owns 7,976,052 shares of the oil and gas exploration company’s stock valued at $287,078,000 after buying an additional 371,777 shares during the period. Lingotto Investment Management LLP grew its holdings in Range Resources by 2.5% during the 4th quarter. Lingotto Investment Management LLP now owns 6,864,038 shares of the oil and gas exploration company’s stock worth $246,968,000 after acquiring an additional 165,242 shares in the last quarter. Geode Capital Management LLC increased its position in Range Resources by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,003,299 shares of the oil and gas exploration company’s stock valued at $123,174,000 after purchasing an additional 35,344 shares during the period. Canoe Financial LP raised its holdings in shares of Range Resources by 9.4% in the 4th quarter. Canoe Financial LP now owns 2,911,509 shares of the oil and gas exploration company’s stock valued at $104,595,000 after purchasing an additional 251,200 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Range Resources by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,112,602 shares of the oil and gas exploration company’s stock worth $76,011,000 after purchasing an additional 94,898 shares during the period. 98.93% of the stock is owned by institutional investors.

Range Resources Stock Down 0.0 %

NYSE:RRC opened at $33.38 on Tuesday. Range Resources Co. has a 1-year low of $27.29 and a 1-year high of $41.95. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market capitalization of $8.06 billion, a P/E ratio of 16.86, a PEG ratio of 5.11 and a beta of 1.73. The company’s fifty day moving average price is $37.59 and its 200-day moving average price is $35.64.

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 the consensus estimate of $0.55 by $0.13. The business had revenue of $626.42 million during the quarter, compared to analysts’ expectations of $676.53 million. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. During the same quarter in the previous year, the firm posted $0.63 EPS. As a group, equities research analysts anticipate that Range Resources Co. will post 2.02 EPS for the current 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 given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.08%. The ex-dividend date was Friday, March 14th. This is a positive change from Range Resources’s previous quarterly dividend of $0.08. Range Resources’s dividend payout ratio is currently 32.73%.

Analysts Set New Price Targets

Several brokerages recently issued reports on RRC. StockNews.com raised shares of Range Resources from a “sell” rating to a “hold” rating in a report on Saturday, April 5th. Mizuho upped their price objective on Range Resources from $40.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Roth Capital upgraded Range Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. JPMorgan Chase & Co. upgraded shares of Range Resources from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $43.00 to $45.00 in a report on Thursday, March 13th. Finally, Wells Fargo & Company raised their price target on shares of Range Resources from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $41.81.

Range Resources 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.