Goehring & Rozencwajg Associates LLC raised its holdings in Vary Sources Co. (NYSE:RRC – Free Report) by 11.0% in the course of the 2nd quarter, based on its most up-to-date submitting with the Securities & Alternate Fee. The fund owned 1,374,201 shares of the oil and gasoline exploration firm’s inventory after buying an extra 136,200 shares in the course of the quarter. Vary Sources makes up 9.1% of Goehring & Rozencwajg Associates LLC’s holdings, making the inventory its largest holding. Goehring & Rozencwajg Associates LLC owned about 0.57% of Vary Sources price $46,077,000 as of its most up-to-date SEC submitting.
A number of different hedge funds additionally lately purchased and bought shares of RRC. MQS Administration LLC bought a brand new stake in shares of Vary Sources within the 2nd quarter price $378,000. Blair William & Co. IL bought a brand new stake in shares of Vary Sources within the 2nd quarter price $376,000. Vanguard Personalised Indexing Administration LLC lifted its holdings in shares of Vary Sources by 9.3% within the 2nd quarter. Vanguard Personalised Indexing Administration LLC now owns 35,568 shares of the oil and gasoline exploration firm’s inventory price $1,193,000 after shopping for an extra 3,037 shares in the course of the interval. Lingotto Funding Administration LLP lifted its holdings in shares of Vary Sources by 1.5% within the 2nd quarter. Lingotto Funding Administration LLP now owns 6,451,726 shares of the oil and gasoline exploration firm’s inventory price $216,326,000 after shopping for an extra 93,782 shares in the course of the interval. Lastly, Pekin Hardy Strauss Inc. lifted its holdings in shares of Vary Sources by 6.0% within the 2nd quarter. Pekin Hardy Strauss Inc. now owns 10,650 shares of the oil and gasoline exploration firm’s inventory price $357,000 after shopping for an extra 600 shares in the course of the interval. Institutional traders personal 98.93% of the corporate’s inventory.
Wall Road Analyst Weigh In
A number of equities analysis analysts have weighed in on the corporate. Royal Financial institution of Canada reiterated a “sector carry out” ranking and issued a $39.00 goal worth on shares of Vary Sources in a report on Thursday, July twenty fifth. Susquehanna lowered their goal worth on Vary Sources from $36.00 to $31.00 and set a “impartial” ranking for the corporate in a report on Wednesday, September 4th. JPMorgan Chase & Co. lowered their goal worth on Vary Sources from $37.00 to $31.00 and set an “underweight” ranking for the corporate in a report on Thursday, September twelfth. Wells Fargo & Firm decreased their worth goal on Vary Sources from $37.00 to $35.00 and set an “equal weight” ranking for the corporate in a analysis observe on Monday, July twenty ninth. Lastly, Jefferies Monetary Group upped their worth goal on Vary Sources from $34.00 to $35.00 and gave the inventory a “maintain” ranking in a analysis observe on Monday, July eighth. 5 analysts have rated the inventory with a promote ranking, eleven have assigned a maintain ranking and 5 have issued a purchase ranking to the corporate. In keeping with MarketBeat.com, the corporate at present has a mean ranking of “Maintain” and a consensus worth goal of $36.10.
Examine Out Our Newest Analysis Report on Vary Sources
Vary Sources Inventory Efficiency
Shares of RRC inventory opened at $29.99 on Thursday. The agency has a market capitalization of $7.28 billion, a price-to-earnings ratio of 15.22 and a beta of 1.80. The corporate has a debt-to-equity ratio of 0.28, a present ratio of 0.58 and a fast ratio of 0.58. The enterprise has a fifty day transferring common of $30.63 and a 200 day transferring common of $33.55. Vary Sources Co. has a 1 yr low of $27.29 and a 1 yr excessive of $39.33.
Vary Sources (NYSE:RRC – Get Free Report) final issued its earnings outcomes on Tuesday, July twenty third. The oil and gasoline exploration firm reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The corporate had income of $641.30 million in the course of the quarter, in comparison with analyst estimates of $610.24 million. Vary Sources had a return on fairness of 13.93% and a internet margin of 17.62%. The agency’s quarterly income was up 8.7% on a year-over-year foundation. Throughout the identical quarter final yr, the enterprise posted $0.27 EPS. As a gaggle, analysis analysts anticipate that Vary Sources Co. will submit 2.07 earnings per share for the present yr.
Vary Sources Dividend Announcement
The enterprise additionally lately declared a quarterly dividend, which shall be paid on Friday, September twenty seventh. Shareholders of report on Friday, September thirteenth shall be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.07%. The ex-dividend date is Friday, September thirteenth. Vary Sources’s dividend payout ratio is at present 16.24%.
Vary Sources Firm Profile
Vary Sources Company operates as an impartial pure gasoline, pure gasoline liquids (NGLs), crude oil, and condensate firm in america. The corporate engages within the exploration, improvement, and acquisition of pure gasoline and crude oil properties situated within the Appalachian area. It sells pure gasoline to utilities, advertising and midstream firms, and industrial customers; NGLs to petrochemical finish customers, entrepreneurs/merchants, and pure gasoline processors; and oil and condensate to crude oil processors, transporters, and refining and advertising firms.
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