Choreo LLC Has $207,000 Stock Holdings in Range Resources Co. (NYSE:RRC)

Choreo LLC decreased its position in Range Resources Co. (NYSE:RRC) by 26.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,692 shares of the oil and gas exploration company’s stock after selling 2,013 shares during the quarter. Choreo LLC’s holdings in Range Resources were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of RRC. JPMorgan Chase & Co. lifted its position in Range Resources by 61.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,579,579 shares of the oil and gas exploration company’s stock worth $48,588,000 after acquiring an additional 604,199 shares during the last quarter. HITE Hedge Asset Management LLC bought a new position in shares of Range Resources in the third quarter worth about $11,508,000. Calamos Advisors LLC acquired a new position in shares of Range Resources during the 4th quarter worth about $567,000. Radnor Capital Management LLC boosted its stake in Range Resources by 156.2% during the 4th quarter. Radnor Capital Management LLC now owns 42,993 shares of the oil and gas exploration company’s stock valued at $1,547,000 after purchasing an additional 26,213 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Range Resources by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,017,704 shares of the oil and gas exploration company’s stock valued at $62,065,000 after buying an additional 92,217 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on RRC. Barclays increased their price objective on Range Resources from $34.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Benchmark reissued a “hold” rating on shares of Range Resources in a report on Friday, January 17th. Citigroup boosted their price objective on shares of Range Resources from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. StockNews.com upgraded shares of Range Resources to a “sell” rating in a research note on Wednesday, November 27th. Finally, Wolfe Research upgraded 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. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $38.78.

Range Resources Trading Down 0.3 %

Shares of Range Resources stock opened at $38.68 on Friday. Range Resources Co. has a 12-month low of $27.29 and a 12-month high of $41.95. The stock has a market capitalization of $9.33 billion, a P/E ratio of 19.54 and a beta of 1.77. The company has a 50-day simple moving average of $37.17 and a 200 day simple moving average of $33.34. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, December 13th. Range Resources’s payout ratio is 16.16%.

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.