Range Resources Corporation $RRC Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in shares of Range Resources Corporation (NYSE:RRC) by 149.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,628 shares of the oil and gas exploration company’s stock after purchasing an additional 31,525 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Range Resources were worth $2,071,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of RRC. Lmcg Investments LLC raised its stake in Range Resources by 2.6% in the third quarter. Lmcg Investments LLC now owns 154,205 shares of the oil and gas exploration company’s stock valued at $5,804,000 after buying an additional 3,875 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Range Resources by 48.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 10,432 shares of the oil and gas exploration company’s stock valued at $393,000 after acquiring an additional 3,397 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of Range Resources by 46.7% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 31,435 shares of the oil and gas exploration company’s stock worth $1,183,000 after acquiring an additional 10,002 shares in the last quarter. Octavia Wealth Advisors LLC purchased a new stake in Range Resources during the third quarter worth approximately $207,000. Finally, Quent Capital LLC acquired a new position in Range Resources in the third quarter valued at approximately $96,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Range Resources Price Performance

Shares of RRC opened at $37.47 on Friday. Range Resources Corporation has a fifty-two week low of $30.32 and a fifty-two week high of $43.50. The company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 0.37 and a beta of 0.51. The firm has a 50-day simple moving average of $36.11 and a 200-day simple moving average of $36.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56.

Range Resources (NYSE:RRC) last issued its quarterly earnings results on Tuesday, October 28th. The oil and gas exploration company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. Range Resources had a return on equity of 15.99% and a net margin of 19.64%.The firm had revenue of $655.30 million for the quarter, compared to analysts’ expectations of $721.22 million. During the same quarter in the previous year, the firm posted $0.48 EPS. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, equities research analysts anticipate that Range Resources Corporation will post 2.02 earnings per share for the current year.

Range Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, December 12th. Range Resources’s payout ratio is currently 15.13%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. UBS Group raised their price objective on shares of Range Resources from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Citigroup dropped their target price on shares of Range Resources from $39.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Susquehanna cut their price target on shares of Range Resources to $39.00 and set a “neutral” rating on the stock in a research note on Monday, October 20th. Bank of America reissued a “neutral” rating and issued a $38.00 price target (down from $44.00) on shares of Range Resources in a research report on Friday, January 16th. Finally, Zacks Research lowered Range Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $41.22.

About Range Resources

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania’s Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company’s technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.