1,581 Shares in Range Resources Co. (NYSE:RRC) Purchased by Bogart Wealth LLC

Bogart Wealth LLC acquired a new stake in shares of Range Resources Co. (NYSE:RRC) in the third quarter, HoldingsChannel reports. The fund acquired 1,581 shares of the oil and gas exploration company’s stock, valued at approximately $49,000.

A number of other hedge funds have also recently bought and sold shares of RRC. Fifth Third Bancorp boosted its stake in shares of Range Resources by 21.2% during the 2nd quarter. Fifth Third Bancorp now owns 1,709 shares of the oil and gas exploration company’s stock valued at $57,000 after buying an additional 299 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Range Resources by 5.4% in the second quarter. CIBC Asset Management Inc now owns 6,801 shares of the oil and gas exploration company’s stock valued at $228,000 after acquiring an additional 350 shares in the last quarter. Orser Capital Management LLC grew its holdings in Range Resources by 1.0% during the 3rd quarter. Orser Capital Management LLC now owns 53,993 shares of the oil and gas exploration company’s stock worth $1,661,000 after acquiring an additional 550 shares in the last quarter. Pekin Hardy Strauss Inc. increased its position in shares of Range Resources by 6.0% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 10,650 shares of the oil and gas exploration company’s stock worth $357,000 after purchasing an additional 600 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Range Resources by 20.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,529 shares of the oil and gas exploration company’s stock valued at $118,000 after purchasing an additional 608 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Insider Activity

In related news, VP Ashley Kavanaugh sold 12,700 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $31.45, for a total transaction of $399,415.00. Following the completion of the transaction, the vice president now owns 9,670 shares of the company’s stock, valued at $304,121.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.57% of the stock is owned by insiders.

Range Resources Stock Up 1.6 %

Shares of Range Resources stock opened at $31.44 on Friday. Range Resources Co. has a 1-year low of $27.29 and a 1-year high of $39.33. The company has a market capitalization of $7.63 billion, a P/E ratio of 15.96 and a beta of 1.80. The business’s fifty day moving average price is $30.23 and its two-hundred day moving average price is $33.06. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.58 and a quick ratio of 0.58.

Range Resources (NYSE:RRC) last released its earnings results on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.32 by $0.16. The firm had revenue of $615.03 million for the quarter, compared to analysts’ expectations of $617.90 million. Range Resources had a net margin of 17.62% and a return on equity of 13.93%. Range Resources’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. As a group, research analysts forecast that Range Resources Co. will post 1.88 EPS for the current year.

Range Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.32 dividend on an annualized basis and a yield of 1.02%. Range Resources’s dividend payout ratio (DPR) is 16.24%.

Wall Street Analyst Weigh In

RRC has been the subject of a number of research reports. Wolfe Research started coverage on Range Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Stephens upped their price target on Range Resources from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday. Scotiabank raised shares of Range Resources from a “sector perform” rating to a “sector outperform” rating and set a $45.00 price objective for the company in a report on Tuesday, August 20th. Jefferies Financial Group increased their target price on shares of Range Resources from $34.00 to $35.00 and gave the stock a “hold” rating in a report on Monday, July 8th. Finally, Wells Fargo & Company raised shares of Range Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $35.00 to $39.00 in a report on Tuesday, October 1st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $35.12.

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.