Nisa Investment Advisors LLC Expands Position in Range Resources Co. (NYSE:RRC)

Financial Advisors


Nisa Investment Advisors LLC boosted its position in Range Resources Co. (NYSE: RRC – Get Rating) by 356.5% in the fourth quarter, according to its latest disclosure to the Securities and Exchange Commission. The fund owned his 448,135 shares of oil and gas exploration company shares after purchasing a further 349,960 shares during the period. Nisa Investment Advisors LLC owned approximately 0.19% of Range Resources worth $11,212,000 as of the most recent SEC filing.

Several other institutional investors also buy and sell shares of RRC. Third Point LLC purchased a new position in Range Resources stock in the third quarter for $98,514,000. First Trust Advisors LP increased its position in Range Resources by 72.9% in the third quarter. First Trust Advisors LP now owns 2,693,084 shares of oil and gas exploration company valued at $68,027,000 after purchasing an additional 1,135,383 shares in the previous quarter. PointState Capital LP purchased new shares of Range Resources in the first quarter for approximately $19,929,000. Victory Capital Management Inc. increased its position in Range Resources by 1,091.1% in the third quarter. Victory Capital Management Inc. now owns 670,394 shares of oil and gas exploration company valued at $16,934,000 after purchasing an additional 614,109 shares in the previous quarter. Finally, Northern Trust Corp increased its position in Range Resources by 18.0% in the first quarter. Northern Trust Corporation now owns 3,614,627 shares in oil and gas exploration companies valued at $19813,000 after purchasing an additional 551,841 shares in the previous quarter. Hedge funds and other institutional investors own 87.32% of the company’s shares.

Analyst sets new price target

RRC stocks are the focus of many equity research analysts. Benchmark downgraded Range Resources from a ‘buy’ rating to a ‘hold’ rating in its research report on Monday, January 23. UBS Group began reporting on Range Resources in a research note on Wednesday. They issued a “sell” rating and a target price of $24.00. Susquehanna lowered Range Resources’ target price from $34.00 to $33.00 in a research note on Friday. Tudor, Pickering and Holt & Co. upgraded Range Resources from a ‘hold’ rating to a ‘buy’ rating with a price target of $33.00 in a research note on Tuesday, March 21. Finally, Piper Sandler lowered his price target on Range Resources from $40.00 to $37.00, giving it an ‘overweight’ rating in Wednesday’s research notes. Three analysts rated the stock with a sell rating, nine issued hold ratings, and ten analysts issued buy ratings for the company. According to MarketBeat.com, the stock’s current consensus rating is “Hold” with a consensus target price of $32.26.

Range Resource Price Performance

NYSE RRC shares opened Friday at $25.65. Range Resources Co. has a 12-month low of $22.61 and a 12-month high of $37.44. The company has a market capitalization of $6.2 billion, a P/E ratio of 5.45, a PEG ratio of 0.40 and a beta of 2.13. The company has a 50-day moving average of $25.79 and a 200-day moving average of $26.32. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt to equity ratio of 0.64.

Range Resources (NYSE:RRC – Get Rating) last announced its quarterly earnings data on Monday, Feb. 27. The oil and gas exploration company reported earnings of $1.26 per share for the quarter, beating analyst consensus expectations of $1.08 by $0.18. Range Resources’ net profit margin was 28.54% and return on equity was 57.62%. The company’s revenue for the quarter was $997.57 million, compared with analyst estimates of $1.02 billion. As a group, research analysts expect Range Resources Co. to post 2.31 EPS for the current financial year.

Range Resources Announces Dividend

The company recently announced a quarterly dividend, which was paid out on Friday, March 31st. Shareholders of record on Wednesday, March 15 were paid a dividend of $0.08 per share. The ex-dividend date for this dividend was Tuesday, March 14. This represents his $0.32 dividend and his 1.25% yield on an annual basis. Range Resources currently has a payout ratio of 6.79%.

Range Resources Company Profile

(get rating)

Range Resources Corp. explores, develops and acquires natural gas and oil in the Appalachian and Mid-Continent regions. The company was founded in his 1976 and is headquartered in Fort Worth, Texas.

Featured Stories

Want to know which other hedge funds hold RRC? Visit HoldingsChannel.com to get the latest Range Resources Co. (NYSE: RRC – Get Rating) 13F filings and insider trading.

Quarterly Institutional Ownership of Range Resources (NYSE:RRC)

This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.

You’ll want to ask this before considering Range Resources.

MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat has identified five stocks top analysts are quietly whispering to clients to buy now before the broader market catches on…and Range Resources is not on the list. bottom.

Range Resources currently has a ‘Hold’ rating among analysts, but top-rated analysts believe these five stocks are better buys.

See 5 stocks here

Ten "evidence of recession" Stocks that thrive on any market cover



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *