Builder Investment Group Inc. ADV Sells 40,600 Shares of Range Resources Co. (NYSE:RRC)

Builder Investment Group Inc. ADV lowered its stake in Range Resources Co. (NYSE:RRC) by 49.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 41,460 shares of the oil and gas exploration company’s stock after selling 40,600 shares during the quarter. Builder Investment Group Inc. ADV’s holdings in Range Resources were worth $1,492,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RRC. Choreo LLC bought a new position in shares of Range Resources during the second quarter valued at about $213,000. Envestnet Asset Management Inc. increased its holdings in Range Resources by 10.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 96,719 shares of the oil and gas exploration company’s stock valued at $3,243,000 after purchasing an additional 8,969 shares during the period. Pekin Hardy Strauss Inc. raised its position in Range Resources by 6.0% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 10,650 shares of the oil and gas exploration company’s stock valued at $357,000 after purchasing an additional 600 shares during the last quarter. Lingotto Investment Management LLP raised its position in Range Resources by 1.5% during the 2nd quarter. Lingotto Investment Management LLP now owns 6,451,726 shares of the oil and gas exploration company’s stock valued at $216,326,000 after purchasing an additional 93,782 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Range Resources by 9.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 35,568 shares of the oil and gas exploration company’s stock worth $1,193,000 after buying an additional 3,037 shares during the period. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

RRC has been the subject of a number of research analyst reports. Mizuho raised their price target on Range Resources from $40.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Wells Fargo & Company lifted their target price on shares of Range Resources from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $40.00 price objective on shares of Range Resources in a report on Tuesday. StockNews.com upgraded Range Resources to a “sell” rating in a report on Wednesday, November 27th. Finally, Barclays raised Range Resources from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $35.00 to $34.00 in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $37.16.

Range Resources Trading Up 1.9 %

NYSE:RRC opened at $40.36 on Thursday. Range Resources Co. has a 52 week low of $27.29 and a 52 week high of $40.60. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 20.38 and a beta of 1.81. The company’s 50 day moving average price is $35.28 and its 200-day moving average price is $32.48. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28.

Range Resources (NYSE:RRC) last posted its earnings results on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.16. The business had revenue of $615.03 million during the quarter, compared to analyst estimates 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 quarter last year, the company earned $0.43 EPS. On average, equities research analysts forecast that Range Resources Co. will post 2 earnings per share for the current fiscal year.

Range Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.79%. The ex-dividend date was Friday, December 13th. Range Resources’s dividend payout ratio is currently 16.16%.

Insider Activity

In related news, Director Charles G. Griffie acquired 1,275 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were bought at an average price of $31.46 per share, for a total transaction of $40,111.50. Following the completion of the transaction, the director now directly owns 5,921 shares in the company, valued at approximately $186,274.66. This trade represents a 27.44 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.

Range Resources 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.