SG Americas Securities LLC Has $698,000 Holdings in Range Resources Co. (NYSE:RRC)

SG Americas Securities LLC cut its holdings in shares of Range Resources Co. (NYSE:RRC) by 4.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,831 shares of the oil and gas exploration company’s stock after selling 1,004 shares during the period. SG Americas Securities LLC’s holdings in Range Resources were worth $698,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. lifted its position in Range Resources by 333.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 866 shares of the oil and gas exploration company’s stock valued at $26,000 after purchasing an additional 666 shares during the period. Delos Wealth Advisors LLC acquired a new position in Range Resources during the 4th quarter valued at about $52,000. Private Wealth Management Group LLC acquired a new position in Range Resources during the 4th quarter valued at about $73,000. SYSTM Wealth Solutions LLC lifted its position in Range Resources by 17.9% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 2,141 shares of the oil and gas exploration company’s stock valued at $74,000 after purchasing an additional 325 shares during the period. Finally, GAMMA Investing LLC acquired a new position in Range Resources during the 4th quarter valued at about $81,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RRC. Susquehanna cut their target price on shares of Range Resources from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Jefferies Financial Group increased their price target on shares of Range Resources from $34.00 to $35.00 and gave the company a “hold” rating in a research report on Monday, July 8th. Stephens increased their price target on shares of Range Resources from $41.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Stifel Nicolaus increased their price target on shares of Range Resources from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, Wolfe Research began coverage on shares of Range Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Range Resources has an average rating of “Hold” and an average target price of $37.11.

Insider Buying and Selling at Range Resources

In other news, Director Reginal Spiller sold 1,460 shares of Range Resources stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $38.68, for a total transaction of $56,472.80. Following the completion of the sale, the director now owns 15,253 shares of the company’s stock, valued at $589,986.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.57% of the company’s stock.

Range Resources Price Performance

NYSE:RRC opened at $30.51 on Monday. Range Resources Co. has a 1-year low of $27.29 and a 1-year high of $39.33. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $32.88 and a 200 day simple moving average of $33.63. The stock has a market capitalization of $7.40 billion, a PE ratio of 15.49 and a beta of 1.88.

Range Resources (NYSE:RRC) last released its earnings results on Tuesday, July 23rd. The oil and gas exploration company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. Range Resources had a net margin of 17.62% and a return on equity of 13.93%. The business had revenue of $641.30 million during the quarter, compared to analysts’ expectations of $610.24 million. During the same period last year, the business earned $0.27 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. On average, research analysts expect that Range Resources Co. will post 2.08 EPS for the current fiscal year.

Range Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.05%. The ex-dividend date was Friday, June 14th. Range Resources’s dividend payout ratio is 16.24%.

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.