Hillsdale Investment Management Inc. Takes Position in Range Resources Corporation $RRC

Hillsdale Investment Management Inc. acquired a new position in shares of Range Resources Corporation (NYSE:RRC) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 25,200 shares of the oil and gas exploration company’s stock, valued at approximately $949,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Profund Advisors LLC raised its holdings in Range Resources by 5.5% in the third quarter. Profund Advisors LLC now owns 5,427 shares of the oil and gas exploration company’s stock worth $204,000 after purchasing an additional 282 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Range Resources by 3.1% in the 2nd quarter. ProShare Advisors LLC now owns 10,596 shares of the oil and gas exploration company’s stock worth $431,000 after buying an additional 315 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Range Resources by 49.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,013 shares of the oil and gas exploration company’s stock worth $38,000 after acquiring an additional 336 shares in the last quarter. Seelaus Asset Management LLC lifted its position in Range Resources by 4.0% during the third quarter. Seelaus Asset Management LLC now owns 9,455 shares of the oil and gas exploration company’s stock valued at $356,000 after acquiring an additional 365 shares during the last quarter. Finally, AMG National Trust Bank lifted its position in Range Resources by 0.9% during the third quarter. AMG National Trust Bank now owns 41,986 shares of the oil and gas exploration company’s stock valued at $1,580,000 after acquiring an additional 386 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Range Resources Stock Down 2.9%

NYSE:RRC opened at $38.56 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. The company’s fifty day moving average price is $35.75 and its 200-day moving average price is $36.22. Range Resources Corporation has a 1-year low of $30.32 and a 1-year high of $43.50. The firm has a market capitalization of $9.14 billion, a P/E ratio of 16.20, a PEG ratio of 0.36 and a beta of 0.58.

Range Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, December 12th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. Range Resources’s dividend payout ratio (DPR) is presently 15.13%.

Analyst Ratings Changes

Several research firms have issued reports on RRC. Wells Fargo & Company set a $43.00 price target on shares of Range Resources and gave the stock an “equal weight” rating in a report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Range Resources in a research note on Monday, December 29th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $39.00 target price (down from $44.00) on shares of Range Resources in a research report on Monday, December 8th. Zacks Research cut Range Resources from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Finally, Morgan Stanley dropped their price target on Range Resources from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Range Resources has a consensus rating of “Hold” and a consensus price target of $41.12.

Range Resources Company Profile

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.