Nisa Investment Advisors LLC Purchases 420 Shares of Range Resources Co. (NYSE:RRC)

Nisa Investment Advisors LLC lifted its position in Range Resources Co. (NYSE:RRC) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 66,630 shares of the oil and gas exploration company’s stock after buying an additional 420 shares during the period. Nisa Investment Advisors LLC’s holdings in Range Resources were worth $2,397,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group bought a new position in Range Resources in the 3rd quarter valued at approximately $25,000. UMB Bank n.a. raised its stake in shares of Range Resources by 59.0% in the fourth quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company’s stock worth $41,000 after purchasing an additional 426 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Range Resources by 107.8% during the third quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company’s stock valued at $46,000 after purchasing an additional 705 shares in the last quarter. Bogart Wealth LLC purchased a new stake in shares of Range Resources during the third quarter valued at $49,000. Finally, Versant Capital Management Inc increased its holdings in Range Resources by 42.8% in the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company’s stock worth $56,000 after buying an additional 463 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Range Resources Trading Down 1.0 %

Shares of Range Resources stock opened at $40.16 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54. The company has a fifty day moving average of $36.30 and a 200 day moving average of $32.81. The company has a market capitalization of $9.69 billion, a P/E ratio of 20.28 and a beta of 1.81. Range Resources Co. has a fifty-two week low of $27.29 and a fifty-two week high of $41.95.

Range Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Friday, December 13th. Range Resources’s dividend payout ratio is currently 16.16%.

Wall Street Analyst Weigh In

Several research firms have issued reports on RRC. Scotiabank cut shares of Range Resources from a “sector outperform” rating to a “sector perform” rating and set a $45.00 target price on the stock. in a research note on Friday, January 17th. StockNews.com upgraded shares of Range Resources to a “sell” rating in a report on Wednesday, November 27th. Stephens lifted their target price on shares of Range Resources from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Benchmark reissued a “hold” rating on shares of Range Resources in a report on Friday, January 17th. Finally, Bank of America raised Range Resources from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $34.00 to $45.00 in a report on Monday, January 13th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $37.22.

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.