Miller Howard Investments Inc. NY Sells 46,338 Shares of Range Resources Corporation $RRC

Miller Howard Investments Inc. NY decreased its holdings in shares of Range Resources Corporation (NYSE:RRC) by 63.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 26,139 shares of the oil and gas exploration company’s stock after selling 46,338 shares during the period. Miller Howard Investments Inc. NY’s holdings in Range Resources were worth $922,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in RRC. Boston Partners boosted its stake in Range Resources by 59.3% during the third quarter. Boston Partners now owns 11,817,550 shares of the oil and gas exploration company’s stock valued at $445,196,000 after buying an additional 4,398,042 shares during the period. AQR Capital Management LLC boosted its stake in Range Resources by 517.6% during the third quarter. AQR Capital Management LLC now owns 2,440,277 shares of the oil and gas exploration company’s stock valued at $91,852,000 after buying an additional 2,045,165 shares during the period. Holocene Advisors LP bought a new stake in Range Resources during the third quarter valued at $66,560,000. UBS Group AG boosted its stake in Range Resources by 122.0% during the third quarter. UBS Group AG now owns 2,158,063 shares of the oil and gas exploration company’s stock valued at $81,229,000 after buying an additional 1,185,793 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in Range Resources during the fourth quarter valued at $37,820,000. Institutional investors own 98.93% of the company’s stock.

Insider Buying and Selling at Range Resources

In other news, Director Brenda A. Cline sold 7,000 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $44.40, for a total value of $310,800.00. Following the completion of the sale, the director owned 28,668 shares of the company’s stock, valued at approximately $1,272,859.20. The trade was a 19.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Range Resources Trading Down 1.4%

Shares of RRC stock opened at $41.14 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $41.85 and a two-hundred day moving average price of $38.46. Range Resources Corporation has a 12-month low of $32.08 and a 12-month high of $48.31. The firm has a market cap of $9.69 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 0.33 and a beta of 0.51.

Range Resources (NYSE:RRC) last issued its quarterly earnings results on Tuesday, February 24th. The oil and gas exploration company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.13. Range Resources had a return on equity of 16.31% and a net margin of 21.12%.The firm had revenue of $786.89 million during the quarter, compared to analyst estimates of $770.92 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue was up 30.9% compared to the same quarter last year. Equities analysts anticipate that Range Resources Corporation will post 3.44 EPS for the current fiscal year.

Range Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a $0.10 dividend. This is a boost from Range Resources’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. Range Resources’s dividend payout ratio is presently 14.60%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Freedom Capital raised Range Resources to a “hold” rating in a research note on Thursday, April 2nd. Weiss Ratings raised Range Resources from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday, February 27th. Zacks Research raised Range Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 18th. Barclays lifted their price target on Range Resources from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Finally, Bank of America reaffirmed a “neutral” rating and set a $38.00 price target (down from $44.00) on shares of Range Resources in a research note on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Range Resources currently has a consensus rating of “Hold” and an average price target of $42.76.

About Range Resources

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.