Orser Capital Management LLC Has $1.91 Million Position in Range Resources Co. (NYSE:RRC)

Orser Capital Management LLC decreased its holdings in shares of Range Resources Co. (NYSE:RRC) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,153 shares of the oil and gas exploration company’s stock after selling 840 shares during the quarter. Range Resources makes up 1.4% of Orser Capital Management LLC’s holdings, making the stock its 22nd biggest position. Orser Capital Management LLC’s holdings in Range Resources were worth $1,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RRC. Brooklyn Investment Group bought a new stake in shares of Range Resources during the third quarter worth approximately $25,000. Blue Trust Inc. lifted its holdings in Range Resources by 107.8% during the 3rd quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company’s stock worth $46,000 after purchasing an additional 705 shares during the last quarter. Bogart Wealth LLC bought a new stake in Range Resources in the 3rd quarter valued at $49,000. Versant Capital Management Inc grew its holdings in Range Resources by 42.8% in the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company’s stock valued at $56,000 after buying an additional 463 shares in the last quarter. Finally, CWM LLC increased its position in Range Resources by 276.8% during the 3rd quarter. CWM LLC now owns 2,306 shares of the oil and gas exploration company’s stock worth $71,000 after buying an additional 1,694 shares during the period. 98.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RRC. Mizuho boosted their target price on shares of Range Resources from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Piper Sandler cut their price objective on shares of Range Resources from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, November 18th. StockNews.com raised shares of Range Resources to a “sell” rating in a report on Wednesday, November 27th. UBS Group upgraded shares of Range Resources from a “sell” rating to a “neutral” rating and lifted their price target for the company from $28.00 to $35.00 in a research report on Monday, December 9th. Finally, Benchmark reissued a “hold” rating on shares of Range Resources in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Range Resources currently has a consensus rating of “Hold” and a consensus price target of $37.16.

Insider Buying and Selling

In other Range Resources news, Director Charles G. Griffie bought 1,275 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were acquired at an average cost of $31.46 per share, for a total transaction of $40,111.50. Following the transaction, the director now directly owns 5,921 shares in the company, valued at approximately $186,274.66. This represents a 27.44 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Range Resources Stock Up 1.9 %

Shares of NYSE RRC opened at $40.36 on Thursday. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 20.38 and a beta of 1.81. 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 $40.60. The stock has a 50-day moving average price of $35.13 and a two-hundred day moving average price of $32.42.

Range Resources (NYSE:RRC) last released its quarterly earnings data on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.16. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. The business had revenue of $615.03 million during the quarter, compared to analysts’ expectations of $617.90 million. During the same period in the prior year, the company earned $0.43 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. As a group, analysts forecast that Range Resources Co. will post 2 earnings per share for the current fiscal year.

Range Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, December 13th. Range Resources’s dividend payout ratio (DPR) is 16.16%.

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.