109,500 Shares in Range Resources Corp. (RRC) Purchased by EnTrustPermal Partners Offshore LP
EnTrustPermal Partners Offshore LP acquired a new position in Range Resources Corp. (NYSE:RRC) during the fourth quarter, Holdings Channel reports. The fund acquired 109,500 shares of the oil and gas exploration company’s stock, valued at approximately $1,868,000.
Several other institutional investors also recently bought and sold shares of the stock. SailingStone Capital Partners LLC lifted its stake in shares of Range Resources by 7.9% in the fourth quarter. SailingStone Capital Partners LLC now owns 35,832,571 shares of the oil and gas exploration company’s stock worth $611,304,000 after acquiring an additional 2,623,957 shares during the period. BlackRock Inc. lifted its stake in shares of Range Resources by 4.5% in the fourth quarter. BlackRock Inc. now owns 15,543,438 shares of the oil and gas exploration company’s stock worth $265,170,000 after acquiring an additional 673,151 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in shares of Range Resources by 14.1% in the third quarter. Thompson Siegel & Walmsley LLC now owns 4,951,343 shares of the oil and gas exploration company’s stock worth $96,898,000 after acquiring an additional 612,032 shares during the period. WS Management Lllp lifted its stake in shares of Range Resources by 13.0% in the fourth quarter. WS Management Lllp now owns 3,762,152 shares of the oil and gas exploration company’s stock worth $64,182,000 after acquiring an additional 431,852 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of Range Resources by 2,708.2% in the fourth quarter. Mackenzie Financial Corp now owns 3,057,252 shares of the oil and gas exploration company’s stock worth $52,157,000 after acquiring an additional 2,948,384 shares during the period. 96.51% of the stock is currently owned by institutional investors.
In related news, Director Steffen E. Palko purchased 34,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was acquired at an average price of $14.72 per share, for a total transaction of $500,480.00. Following the completion of the acquisition, the director now owns 61,267 shares of the company’s stock, valued at approximately $901,850.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David P. Poole sold 30,920 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $16.36, for a total value of $505,851.20. Following the sale, the vice president now owns 17,647 shares of the company’s stock, valued at approximately $288,704.92. The disclosure for this sale can be found here. Insiders have sold 44,574 shares of company stock worth $729,007 over the last ninety days. 2.40% of the stock is owned by insiders.
Range Resources Corp. (NYSE:RRC) opened at $15.74 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.71. Range Resources Corp. has a 12-month low of $11.93 and a 12-month high of $30.30. The firm has a market capitalization of $3,910.00, a P/E ratio of -787.00, a PEG ratio of 0.67 and a beta of 0.69.
Range Resources (NYSE:RRC) last issued its earnings results on Tuesday, February 27th. The oil and gas exploration company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. Range Resources had a return on equity of 5.42% and a net margin of 12.76%. The company had revenue of $679.00 million for the quarter, compared to analyst estimates of $659.71 million. During the same period in the prior year, the firm earned $0.23 earnings per share. Range Resources’s revenue for the quarter was up 167.9% on a year-over-year basis. research analysts predict that Range Resources Corp. will post 0.98 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Thursday, March 15th. Range Resources’s payout ratio is -400.00%.
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Range Resources Profile
Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the exploration and production of natural gas, NGLs and oil in the United States. It is engaged in the exploration, development and acquisition of natural gas and crude oil properties located primarily in the Appalachian and North Louisiana regions of the United States.
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