HBK Investments L P acquired a new stake in Range Resources Corp. (NYSE:RRC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 900,890 shares of the oil and gas exploration company’s stock, valued at approximately $15,369,000. HBK Investments L P owned approximately 0.36% of Range Resources at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in RRC. Mackenzie Financial Corp grew its holdings in shares of Range Resources by 2,708.2% in the 4th quarter. Mackenzie Financial Corp now owns 3,057,252 shares of the oil and gas exploration company’s stock valued at $52,157,000 after acquiring an additional 2,948,384 shares in the last quarter. SailingStone Capital Partners LLC grew its holdings in Range Resources by 7.9% during the fourth quarter. SailingStone Capital Partners LLC now owns 35,832,571 shares of the oil and gas exploration company’s stock worth $611,304,000 after purchasing an additional 2,623,957 shares during the period. Point72 Asset Management L.P. bought a new position in Range Resources during the third quarter worth about $34,462,000. Guggenheim Capital LLC grew its holdings in Range Resources by 55.2% during the fourth quarter. Guggenheim Capital LLC now owns 3,579,421 shares of the oil and gas exploration company’s stock worth $61,063,000 after purchasing an additional 1,272,442 shares during the period. Finally, BlackRock Inc. grew its holdings in Range Resources by 4.5% during the fourth quarter. BlackRock Inc. now owns 15,543,438 shares of the oil and gas exploration company’s stock worth $265,170,000 after purchasing an additional 673,151 shares during the period. Institutional investors own 96.32% of the company’s stock.
In other Range Resources news, Director Anthony V. Dub sold 2,897 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $16.06, for a total transaction of $46,525.82. Following the completion of the transaction, the director now directly owns 96,000 shares in the company, valued at $1,541,760. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steffen E. Palko acquired 34,000 shares of the stock in a transaction on Tuesday, January 30th. The shares were purchased at an average price of $14.72 per share, with a total value of $500,480.00. Following the completion of the transaction, the director now owns 61,267 shares of the company’s stock, valued at $901,850.24. The disclosure for this purchase can be found here. 0.42% of the stock is owned by insiders.
Shares of Range Resources Corp. (RRC) opened at $15.60 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.57 and a quick ratio of 0.54. Range Resources Corp. has a 1 year low of $11.93 and a 1 year high of $30.30. The firm has a market cap of $3,912.01, a P/E ratio of 11.64, a PEG ratio of 0.70 and a beta of 0.69.
Range Resources (NYSE:RRC) last released its quarterly earnings results on Tuesday, February 27th. The oil and gas exploration company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. Range Resources had a net margin of 12.76% and a return on equity of 5.42%. The company had revenue of $679.00 million during the quarter, compared to the consensus estimate of $659.71 million. During the same period in the previous year, the business earned $0.23 earnings per share. The firm’s quarterly revenue was up 167.9% on a year-over-year basis. analysts predict that Range Resources Corp. will post 0.98 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.08 annualized dividend and a yield of 0.51%. Range Resources’s dividend payout ratio is currently 5.97%.
About Range Resources
Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the exploration and production of natural gas, NGLs and oil in the United States. It is engaged in the exploration, development and acquisition of natural gas and crude oil properties located primarily in the Appalachian and North Louisiana regions of the United States.
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