Range Resources Corporation $RRC is Goehring & Rozencwajg Associates LLC’s 3rd Largest Position

Goehring & Rozencwajg Associates LLC boosted its holdings in Range Resources Corporation (NYSE:RRC) by 35.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,721,749 shares of the oil and gas exploration company’s stock after acquiring an additional 718,648 shares during the quarter. Range Resources comprises approximately 6.6% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 3rd biggest holding. Goehring & Rozencwajg Associates LLC’s holdings in Range Resources were worth $122,969,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Empowered Funds LLC grew its stake in shares of Range Resources by 2.1% during the 1st quarter. Empowered Funds LLC now owns 75,851 shares of the oil and gas exploration company’s stock worth $3,029,000 after purchasing an additional 1,563 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Range Resources by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 466,796 shares of the oil and gas exploration company’s stock valued at $18,639,000 after purchasing an additional 8,816 shares during the period. Focus Partners Wealth purchased a new stake in Range Resources during the first quarter worth about $285,000. EverSource Wealth Advisors LLC boosted its holdings in Range Resources by 63.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,932 shares of the oil and gas exploration company’s stock worth $119,000 after buying an additional 1,139 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Range Resources by 8.0% during the second quarter. California Public Employees Retirement System now owns 410,651 shares of the oil and gas exploration company’s stock worth $16,701,000 after buying an additional 30,481 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

More Range Resources News

Here are the key news stories impacting Range Resources this week:

• Negative Sentiment: Zacks Research downgraded Range Resources (RRC) from hold to strong sell, signaling weaker analyst confidence. Zacks.com
• Negative Sentiment: Zacks previewed second-quarter earnings and said Range Resources may not have the ingredients needed to beat expectations, suggesting downside risk into the report. Article
• Negative Sentiment: Analysts at Zacks Research lowered earnings estimates across several future periods, including FY2026 and FY2027, which can pressure valuation expectations for RRC.

Wall Street Analysts Forecast Growth

RRC has been the topic of several research analyst reports. Citigroup decreased their price target on Range Resources from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. UBS Group dropped their price objective on Range Resources from $49.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, July 10th. Stephens reduced their price objective on Range Resources from $53.00 to $52.00 and set an “overweight” rating for the company in a report on Friday, July 10th. Truist Financial decreased their target price on Range Resources from $46.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Finally, Weiss Ratings downgraded Range Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Range Resources currently has an average rating of “Hold” and a consensus price target of $43.00.

Range Resources Stock Down 1.1%

Shares of NYSE RRC opened at $36.07 on Thursday. The firm has a market cap of $8.50 billion, a P/E ratio of 9.54 and a beta of 0.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55. Range Resources Corporation has a 1 year low of $32.60 and a 1 year high of $48.31. The firm’s 50 day moving average price is $38.72 and its 200 day moving average price is $39.34.

Range Resources (NYSE:RRC) last posted its quarterly earnings data on Tuesday, April 21st. The oil and gas exploration company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.27. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $898.20 million. Range Resources had a return on equity of 18.64% and a net margin of 26.09%.The business’s revenue was up 49.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 earnings per share. As a group, sell-side analysts anticipate that Range Resources Corporation will post 3.44 earnings per share for the current year.

Range Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, June 12th. Range Resources’s dividend payout ratio is presently 10.58%.

About Range Resources

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania’s Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company’s technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.