Nations Financial Group Inc. IA ADV Purchases 5,001 Shares of Range Resources Co. (NYSE:RRC)

Nations Financial Group Inc. IA ADV grew its position in Range Resources Co. (NYSE:RRC) by 30.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 21,431 shares of the oil and gas exploration company’s stock after acquiring an additional 5,001 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Range Resources were worth $771,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in Range Resources during the 3rd quarter worth $25,000. UMB Bank n.a. raised its position in Range Resources by 59.0% during the 4th 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. Geneos Wealth Management Inc. bought a new position in Range Resources during the 4th quarter worth $46,000. Blue Trust Inc. raised its position in Range Resources by 107.8% during the 3rd quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company’s stock worth $46,000 after purchasing an additional 705 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Range Resources by 42.8% during 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 purchasing an additional 463 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors.

Range Resources Stock Performance

Shares of Range Resources stock opened at $38.68 on Monday. Range Resources Co. has a one year low of $27.29 and a one year high of $41.95. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 19.54 and a beta of 1.77. The business has a 50-day simple moving average of $37.17 and a 200 day simple moving average of $33.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54.

Range Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Friday, December 13th. Range Resources’s dividend payout ratio is currently 16.16%.

Wall Street Analysts Forecast Growth

RRC has been the subject of several analyst reports. Barclays raised their target price on Range Resources from $34.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Scotiabank lowered Range Resources from a “sector outperform” rating to a “sector perform” rating and set a $45.00 target price for the company. in a research report on Friday, January 17th. Citigroup boosted their price objective on Range Resources from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Piper Sandler boosted their price objective on Range Resources from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Truist Financial boosted their price objective on Range Resources from $31.00 to $35.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Three investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $38.78.

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.