Range Resources Co. (NYSE:RRC) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC decreased its stake in shares of Range Resources Co. (NYSE:RRC) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 795,075 shares of the oil and gas exploration company’s stock after selling 2,200 shares during the period. Range Resources makes up 1.0% of Ingalls & Snyder LLC’s portfolio, making the stock its 25th biggest position. Ingalls & Snyder LLC owned about 0.33% of Range Resources worth $24,457,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Brooklyn Investment Group bought a new position in shares of Range Resources during the 3rd quarter valued at about $25,000. Blue Trust Inc. boosted its holdings in shares of Range Resources by 107.8% in the third quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company’s stock worth $46,000 after buying an additional 705 shares during the period. Bogart Wealth LLC acquired a new position in shares of Range Resources in the third quarter worth about $49,000. Fifth Third Bancorp boosted its holdings in shares of Range Resources by 21.2% in the second quarter. Fifth Third Bancorp now owns 1,709 shares of the oil and gas exploration company’s stock worth $57,000 after buying an additional 299 shares during the period. Finally, Perkins Coie Trust Co acquired a new position in shares of Range Resources in the second quarter worth about $67,000. Institutional investors own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RRC. Wells Fargo & Company decreased their price target on shares of Range Resources from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, October 25th. The Goldman Sachs Group decreased their price target on shares of Range Resources from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, September 6th. Bank of America began coverage on shares of Range Resources in a report on Monday, October 28th. They set a “neutral” rating and a $34.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of Range Resources from $37.00 to $31.00 and set an “underweight” rating for the company in a report on Thursday, September 12th. Finally, Scotiabank raised shares of Range Resources from a “sector perform” rating to a “sector outperform” rating and set a $45.00 price objective on the stock in a research report on Tuesday, August 20th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $35.00.

Range Resources Trading Down 0.1 %

NYSE:RRC traded down $0.05 on Tuesday, hitting $34.86. 194,153 shares of the stock were exchanged, compared to its average volume of 2,336,151. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 17.63 and a beta of 1.85. Range Resources Co. has a 52 week low of $27.29 and a 52 week high of $39.33. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54. The company’s 50-day moving average price is $32.19 and its 200 day moving average price is $32.52.

Range Resources (NYSE:RRC) last announced its quarterly earnings data on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.16. The firm had revenue of $615.03 million during the quarter, compared to analysts’ expectations of $617.90 million. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. On average, equities research analysts forecast that Range Resources Co. will post 1.9 earnings per share for the current year.

Range Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, December 13th. Range Resources’s dividend payout ratio (DPR) is currently 16.16%.

Insiders Place Their Bets

In other news, Director Charles G. Griffie purchased 1,275 shares of Range Resources stock in a transaction on Thursday, October 24th. The stock was purchased at an average price of $31.46 per share, with a total value of $40,111.50. Following the transaction, the director now directly owns 5,921 shares in the company, valued at $186,274.66. The trade was a 27.44 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Ashley Kavanaugh sold 12,700 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $31.45, for a total value of $399,415.00. Following the transaction, the vice president now directly owns 9,670 shares of the company’s stock, valued at approximately $304,121.50. This trade represents a 56.77 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Range Resources Company 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.