Everence Capital Management Inc. Invests $94,000 in Range Resources Corp. (NYSE:RRC)
Everence Capital Management Inc. acquired a new position in shares of Range Resources Corp. (NYSE:RRC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 24,490 shares of the oil and gas exploration company’s stock, valued at approximately $94,000.
Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Range Resources by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 2,001,135 shares of the oil and gas exploration company’s stock valued at $19,150,000 after acquiring an additional 58,751 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Range Resources by 2.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 51,367 shares of the oil and gas exploration company’s stock valued at $577,000 after acquiring an additional 1,367 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Range Resources by 28.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 1,050,078 shares of the oil and gas exploration company’s stock valued at $11,803,000 after acquiring an additional 235,193 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Range Resources by 0.6% during the 1st quarter. California State Teachers Retirement System now owns 342,638 shares of the oil and gas exploration company’s stock valued at $3,851,000 after acquiring an additional 1,944 shares in the last quarter. Finally, CIBC World Markets Inc. acquired a new stake in shares of Range Resources during the 1st quarter valued at about $225,000.
In related news, Director Margaret K. Dorman bought 20,500 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was bought at an average cost of $3.40 per share, with a total value of $69,700.00. Following the completion of the purchase, the director now owns 57,233 shares in the company, valued at approximately $194,592.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP David P. Poole sold 5,843 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $5.69, for a total transaction of $33,246.67. Following the completion of the transaction, the vice president now directly owns 58,196 shares of the company’s stock, valued at $331,135.24. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 42,938 shares of company stock worth $176,159. Company insiders own 0.35% of the company’s stock.
NYSE:RRC traded down $0.05 on Wednesday, reaching $3.29. The stock had a trading volume of 225,308 shares, compared to its average volume of 9,858,621. The company has a market capitalization of $848.30 million, a P/E ratio of 2.92, a price-to-earnings-growth ratio of 2.97 and a beta of 1.02. Range Resources Corp. has a 1-year low of $3.32 and a 1-year high of $18.59. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 0.91. The stock has a fifty day moving average price of $4.08 and a 200-day moving average price of $6.82.
Range Resources (NYSE:RRC) last released its quarterly earnings results on Thursday, July 25th. The oil and gas exploration company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. The firm had revenue of $851.43 million for the quarter, compared to analyst estimates of $672.93 million. Range Resources had a negative net margin of 45.91% and a positive return on equity of 4.66%. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. Sell-side analysts predict that Range Resources Corp. will post 0.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.02 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.08 dividend on an annualized basis and a yield of 2.43%. Range Resources’s dividend payout ratio (DPR) is presently 7.08%.
About Range Resources
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana regions of the United States.
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