Dimensional Fund Advisors LP Purchases 227,711 Shares of Range Resources Corporation $RRC

Dimensional Fund Advisors LP increased its position in Range Resources Corporation (NYSE:RRC) by 2.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 9,192,740 shares of the oil and gas exploration company’s stock after acquiring an additional 227,711 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Range Resources were worth $415,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Seelaus Asset Management LLC boosted its position in Range Resources by 2.6% in the first quarter. Seelaus Asset Management LLC now owns 9,745 shares of the oil and gas exploration company’s stock worth $440,000 after purchasing an additional 250 shares during the last quarter. Root Financial Partners LLC increased its position in shares of Range Resources by 37.8% during the 1st quarter. Root Financial Partners LLC now owns 1,006 shares of the oil and gas exploration company’s stock valued at $45,000 after purchasing an additional 276 shares during the last quarter. UMB Bank n.a. increased its position in shares of Range Resources by 13.0% during the 4th quarter. UMB Bank n.a. now owns 2,431 shares of the oil and gas exploration company’s stock valued at $86,000 after purchasing an additional 279 shares during the last quarter. Confluence Wealth Services Inc. increased its position in shares of Range Resources by 3.2% during the 4th quarter. Confluence Wealth Services Inc. now owns 10,199 shares of the oil and gas exploration company’s stock valued at $360,000 after purchasing an additional 312 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its stake in shares of Range Resources by 0.9% in the 1st quarter. Harbor Investment Advisory LLC now owns 38,618 shares of the oil and gas exploration company’s stock worth $1,745,000 after purchasing an additional 330 shares during the period. Institutional investors own 98.93% of the company’s stock.

Range Resources Stock Up 2.8%

NYSE RRC opened at $37.70 on Wednesday. Range Resources Corporation has a 52 week low of $32.60 and a 52 week high of $48.31. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $8.88 billion, a P/E ratio of 9.97 and a beta of 0.41. The stock’s 50-day moving average price is $38.40 and its 200-day moving average price is $39.38.

Range Resources (NYSE:RRC) last announced its quarterly earnings data on Tuesday, April 21st. The oil and gas exploration company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.27. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $898.20 million. Range Resources had a return on equity of 18.64% and a net margin of 26.09%.The firm’s revenue was up 49.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 EPS. On average, equities research analysts predict that Range Resources Corporation will post 3.46 earnings per share for the current year.

Range Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.40 annualized dividend and a yield of 1.1%. Range Resources’s payout ratio is currently 10.58%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Range Resources from $50.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, June 29th. Weiss Ratings cut shares of Range Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. UBS Group decreased their price target on shares of Range Resources from $49.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, July 10th. Stephens dropped their price target on shares of Range Resources from $53.00 to $52.00 and set an “overweight” rating on the stock in a research note on Friday, July 10th. Finally, Citigroup cut their price objective on shares of Range Resources from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Range Resources has an average rating of “Hold” and an average price target of $43.12.

Range Resources 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.