Trexquant Investment LP Has $5.39 Million Stock Position in Range Resources Co. (NYSE:RRC)

Trexquant Investment LP lessened its holdings in Range Resources Co. (NYSE:RRC) by 18.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 149,778 shares of the oil and gas exploration company’s stock after selling 33,921 shares during the quarter. Trexquant Investment LP’s holdings in Range Resources were worth $5,389,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in Range Resources by 87.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the oil and gas exploration company’s stock valued at $37,000 after buying an additional 471 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Range Resources by 59.0% in the 4th quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company’s stock valued at $41,000 after purchasing an additional 426 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Range Resources during the 4th quarter valued at approximately $42,000. Geneos Wealth Management Inc. acquired a new position in Range Resources during the 4th quarter worth approximately $46,000. Finally, Versant Capital Management Inc lifted its stake in Range Resources by 42.8% in the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company’s stock valued at $56,000 after purchasing an additional 463 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on RRC shares. Raymond James boosted their target price on shares of Range Resources from $46.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, March 31st. JPMorgan Chase & Co. raised Range Resources from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $43.00 to $45.00 in a report on Thursday, March 13th. Wolfe Research raised Range Resources from a “peer perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Friday, January 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $40.00 price objective on shares of Range Resources in a research note on Tuesday, January 14th. Finally, Benchmark reiterated a “hold” rating on shares of Range Resources in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $41.60.

Range Resources Stock Down 12.0 %

Shares of NYSE:RRC opened at $33.51 on Friday. Range Resources Co. has a 1 year low of $27.29 and a 1 year high of $41.95. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54. The business’s 50-day moving average is $38.29 and its 200-day moving average is $35.46. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 5.11 and a beta of 1.73.

Range Resources (NYSE:RRC) last issued its quarterly earnings results on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.13. The firm had revenue of $626.42 million for the quarter, compared to analyst estimates of $676.53 million. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. During the same period in the previous year, the firm earned $0.63 earnings per share. Equities research analysts predict that Range Resources Co. will post 2.02 earnings per share for the current year.

Range Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.09 dividend. This is an increase from Range Resources’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.07%. The ex-dividend date was Friday, March 14th. Range Resources’s payout ratio is 32.73%.

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.