Quent Capital LLC Grows Position in Range Resources Co. (NYSE:RRC)

Quent Capital LLC lifted its holdings in shares of Range Resources Co. (NYSE:RRC) by 72.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,178 shares of the oil and gas exploration company’s stock after purchasing an additional 912 shares during the quarter. Quent Capital LLC’s holdings in Range Resources were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. M&T Bank Corp grew its holdings in shares of Range Resources by 3.1% during the 3rd quarter. M&T Bank Corp now owns 10,790 shares of the oil and gas exploration company’s stock worth $332,000 after purchasing an additional 327 shares during the period. Commerce Bank grew its holdings in shares of Range Resources by 5.7% during the 3rd quarter. Commerce Bank now owns 6,848 shares of the oil and gas exploration company’s stock worth $211,000 after purchasing an additional 369 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Range Resources by 0.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 66,630 shares of the oil and gas exploration company’s stock worth $2,397,000 after purchasing an additional 420 shares during the period. UMB Bank n.a. grew its holdings in shares of Range Resources by 59.0% during the 4th quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company’s stock worth $41,000 after purchasing an additional 426 shares during the period. Finally, Inscription Capital LLC grew its holdings in shares of Range Resources by 3.6% during the 3rd quarter. Inscription Capital LLC now owns 12,536 shares of the oil and gas exploration company’s stock worth $386,000 after purchasing an additional 433 shares during the period. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Range Resources Trading Down 2.9 %

Shares of Range Resources stock opened at $38.43 on Thursday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $36.99 and a 200-day simple moving average of $33.24. The stock has a market cap of $9.27 billion, a price-to-earnings ratio of 19.41 and a beta of 1.77. Range Resources Co. has a 12-month low of $27.29 and a 12-month high of $41.95.

Range Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders 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 0.83%. The ex-dividend date of this dividend was Friday, December 13th. Range Resources’s payout ratio is 16.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on RRC shares. StockNews.com upgraded Range Resources to a “sell” rating in a report on Wednesday, November 27th. Wells Fargo & Company raised their target price on Range Resources from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Bank of America upgraded Range Resources from a “neutral” rating to a “buy” rating and raised their target price for the company from $34.00 to $45.00 in a report on Monday, January 13th. Citigroup raised their target price on Range Resources from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, Scotiabank cut Range Resources from a “sector outperform” rating to a “sector perform” rating and set a $45.00 target price for the company. in a report on Friday, January 17th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $38.44.

About Range Resources

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.