Lmcg Investments LLC Has $6.05 Million Position in Range Resources Co. (NYSE:RRC)

Lmcg Investments LLC increased its holdings in shares of Range Resources Co. (NYSE:RRC) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,471 shares of the oil and gas exploration company’s stock after acquiring an additional 2,106 shares during the quarter. Lmcg Investments LLC owned about 0.06% of Range Resources worth $6,048,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Boston Partners lifted its holdings in shares of Range Resources by 4.9% during the fourth quarter. Boston Partners now owns 7,976,052 shares of the oil and gas exploration company’s stock worth $287,078,000 after buying an additional 371,777 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Range Resources by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,330,676 shares of the oil and gas exploration company’s stock valued at $263,768,000 after acquiring an additional 624,955 shares in the last quarter. Lingotto Investment Management LLP grew its stake in shares of Range Resources by 2.5% in the fourth quarter. Lingotto Investment Management LLP now owns 6,864,038 shares of the oil and gas exploration company’s stock valued at $246,968,000 after acquiring an additional 165,242 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Range Resources by 71.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,057,280 shares of the oil and gas exploration company’s stock valued at $181,961,000 after acquiring an additional 2,104,304 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Range Resources by 37.1% in the fourth quarter. Northern Trust Corp now owns 2,238,863 shares of the oil and gas exploration company’s stock valued at $80,554,000 after acquiring an additional 605,315 shares in the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on RRC shares. The Goldman Sachs Group upped their price target on shares of Range Resources from $39.00 to $43.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Williams Trading set a $40.00 price target on shares of Range Resources in a research note on Wednesday, March 5th. Susquehanna decreased their price target on shares of Range Resources from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. UBS Group upped their price target on shares of Range Resources from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. upgraded shares of Range Resources from an “underweight” rating to a “neutral” rating and upped their price target for the company from $43.00 to $45.00 in a research note on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.95.

Insider Transactions at Range Resources

In related news, SVP Erin W. Mcdowell sold 9,568 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $40.62, for a total value of $388,652.16. Following the completion of the transaction, the senior vice president now owns 13,800 shares in the company, valued at $560,556. This trade represents a 40.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Reginal Spiller sold 4,200 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $40.16, for a total transaction of $168,672.00. Following the completion of the transaction, the director now owns 13,663 shares of the company’s stock, valued at approximately $548,706.08. This trade represents a 23.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,080 shares of company stock valued at $2,984,479. 1.00% of the stock is currently owned by insiders.

Range Resources Stock Down 3.4%

RRC stock opened at $37.72 on Thursday. The stock has a market capitalization of $9.01 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 5.11 and a beta of 0.60. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28. Range Resources Co. has a 12 month low of $27.29 and a 12 month high of $41.95. The firm has a 50-day moving average price of $36.51 and a 200-day moving average price of $36.98.

Range Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $0.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.95%. Range Resources’s dividend payout ratio (DPR) is currently 32.14%.

Range Resources 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.