Aptus Capital Advisors LLC Purchases 29,919 Shares of Range Resources Corporation $RRC

Aptus Capital Advisors LLC raised its stake in Range Resources Corporation (NYSE:RRC) by 15.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 219,482 shares of the oil and gas exploration company’s stock after buying an additional 29,919 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Range Resources were worth $8,261,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of RRC. Vanguard Group Inc. lifted its stake in shares of Range Resources by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 24,851,886 shares of the oil and gas exploration company’s stock valued at $935,425,000 after acquiring an additional 799,574 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Range Resources by 7.9% during the third quarter. Dimensional Fund Advisors LP now owns 8,291,202 shares of the oil and gas exploration company’s stock worth $312,075,000 after purchasing an additional 608,274 shares during the period. Boston Partners raised its stake in shares of Range Resources by 6.1% in the second quarter. Boston Partners now owns 7,419,508 shares of the oil and gas exploration company’s stock worth $301,133,000 after purchasing an additional 425,704 shares during the last quarter. Lingotto Investment Management LLP lifted its position in shares of Range Resources by 2.0% during the second quarter. Lingotto Investment Management LLP now owns 7,161,614 shares of the oil and gas exploration company’s stock valued at $291,263,000 after purchasing an additional 138,877 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Range Resources by 230.1% in the second quarter. Invesco Ltd. now owns 4,785,940 shares of the oil and gas exploration company’s stock valued at $194,644,000 after acquiring an additional 3,336,299 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Range Resources Trading Down 0.6%

Shares of Range Resources stock opened at $41.57 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.67 and a quick ratio of 0.67. Range Resources Corporation has a 1 year low of $30.32 and a 1 year high of $43.50. The stock has a market cap of $9.78 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 0.38 and a beta of 0.57. The firm has a fifty day moving average price of $36.77 and a 200 day moving average price of $36.61.

Range Resources (NYSE:RRC) last posted its quarterly earnings results on Tuesday, February 24th. The oil and gas exploration company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.13. Range Resources had a net margin of 21.12% and a return on equity of 16.31%. The firm had revenue of $786.89 million for the quarter, compared to the consensus estimate of $770.92 million. During the same period last year, the firm posted $0.68 earnings per share. The company’s revenue for the quarter was up 30.9% on a year-over-year basis. Equities research analysts predict that Range Resources Corporation will post 2.02 earnings per share for the current year.

Range Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%. This is a boost from Range Resources’s previous quarterly dividend of $0.09. The ex-dividend date is Friday, March 13th. Range Resources’s dividend payout ratio (DPR) is 13.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on RRC shares. Piper Sandler increased their price target on shares of Range Resources from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday. Weiss Ratings upgraded shares of Range Resources from a “hold (c)” rating to a “buy (b)” rating in a research report on Friday, February 27th. Bank of America reissued a “neutral” rating and issued a $38.00 target price (down from $44.00) on shares of Range Resources in a research note on Friday, January 16th. Royal Bank Of Canada decreased their price objective on shares of Range Resources from $46.00 to $44.00 and set a “sector perform” rating for the company in a report on Wednesday, January 14th. Finally, Citigroup raised their price objective on Range Resources from $36.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Range Resources presently has a consensus rating of “Hold” and an average price target of $42.06.

Range Resources Company Profile

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania’s Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company’s technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.