8,000 Shares in Range Resources Co. (NYSE:RRC) Bought by Winebrenner Capital Management LLC

Winebrenner Capital Management LLC bought a new stake in shares of Range Resources Co. (NYSE:RRC) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,000 shares of the oil and gas exploration company’s stock, valued at approximately $288,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Brooklyn Investment Group bought a new position in shares of Range Resources during the 3rd quarter worth about $25,000. UMB Bank n.a. increased its stake in Range Resources by 59.0% during the fourth quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company’s stock valued at $41,000 after acquiring an additional 426 shares during the period. Geneos Wealth Management Inc. acquired a new position in Range Resources in the 4th quarter valued at approximately $46,000. Blue Trust Inc. lifted its position in shares of Range Resources by 107.8% in the 3rd quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company’s stock worth $46,000 after acquiring an additional 705 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of 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 acquiring an additional 463 shares during the period. 98.93% of the stock is owned by institutional investors.

Range Resources Stock Down 3.0 %

Shares of NYSE:RRC opened at $38.47 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28. The firm has a market cap of $9.28 billion, a P/E ratio of 19.43, a P/E/G ratio of 5.14 and a beta of 1.77. Range Resources Co. has a 12 month low of $27.29 and a 12 month high of $41.95. The company’s 50-day moving average price is $37.58 and its two-hundred day moving average price is $33.64.

Range Resources Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RRC shares. Barclays upped their target price on Range Resources from $34.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Scotiabank downgraded shares of Range Resources from a “sector outperform” rating to a “sector perform” rating and set a $45.00 price objective for the company. in a report on Friday, January 17th. Benchmark reiterated a “hold” rating on shares of Range Resources in a research report on Friday, January 17th. Truist Financial increased their price target on shares of Range Resources from $31.00 to $35.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, Citigroup lifted their price objective on Range Resources from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.78.

About Range Resources

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.