1,113 Shares in Range Resources Corporation $RRC Bought by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd acquired a new position in shares of Range Resources Corporation (NYSE:RRC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,113 shares of the oil and gas exploration company’s stock, valued at approximately $45,000.

A number of other institutional investors have also made changes to their positions in RRC. GAMMA Investing LLC grew its stake in shares of Range Resources by 30.8% during the first quarter. GAMMA Investing LLC now owns 5,743 shares of the oil and gas exploration company’s stock worth $229,000 after purchasing an additional 1,352 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Range Resources by 98.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,035 shares of the oil and gas exploration company’s stock worth $720,000 after purchasing an additional 8,941 shares during the period. Oppenheimer Asset Management Inc. grew its stake in Range Resources by 11.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 11,725 shares of the oil and gas exploration company’s stock valued at $468,000 after acquiring an additional 1,164 shares during the period. Bessemer Group Inc. grew its stake in Range Resources by 48.0% in the first quarter. Bessemer Group Inc. now owns 971 shares of the oil and gas exploration company’s stock valued at $39,000 after acquiring an additional 315 shares during the period. Finally, Diversified Trust Co acquired a new position in Range Resources in the first quarter valued at about $1,055,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on RRC shares. Raymond James Financial decreased their target price on Range Resources from $45.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, September 19th. Weiss Ratings cut Range Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday. Citigroup decreased their target price on Range Resources from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, September 23rd. UBS Group decreased their target price on Range Resources from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, August 20th. Finally, Wells Fargo & Company raised Range Resources to a “strong-buy” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.05.

Range Resources Trading Up 0.3%

NYSE:RRC opened at $37.61 on Friday. Range Resources Corporation has a twelve month low of $29.48 and a twelve month high of $43.50. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $35.84 and a two-hundred day moving average price of $36.83. The company has a market cap of $8.96 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 0.42 and a beta of 0.51.

Range Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, September 12th. Range Resources’s dividend payout ratio is presently 18.09%.

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.