Journey Advisory Group LLC Purchases 23,810 Shares of Range Resources Corporation $RRC

Journey Advisory Group LLC boosted its position in Range Resources Corporation (NYSE:RRC) by 21.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,301 shares of the oil and gas exploration company’s stock after buying an additional 23,810 shares during the period. Journey Advisory Group LLC owned approximately 0.06% of Range Resources worth $6,158,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of RRC. Boston Partners grew its holdings in Range Resources by 59.3% during the 3rd quarter. Boston Partners now owns 11,817,550 shares of the oil and gas exploration company’s stock worth $445,196,000 after acquiring an additional 4,398,042 shares during the period. AQR Capital Management LLC lifted its stake in shares of Range Resources by 517.6% in the 3rd quarter. AQR Capital Management LLC now owns 2,440,277 shares of the oil and gas exploration company’s stock valued at $91,852,000 after purchasing an additional 2,045,165 shares during the period. UBS Group AG boosted its position in shares of Range Resources by 66.3% during the 4th quarter. UBS Group AG now owns 3,588,540 shares of the oil and gas exploration company’s stock valued at $126,532,000 after purchasing an additional 1,430,477 shares in the last quarter. Morgan Stanley boosted its position in shares of Range Resources by 54.1% during the 4th quarter. Morgan Stanley now owns 3,267,227 shares of the oil and gas exploration company’s stock valued at $115,202,000 after purchasing an additional 1,147,304 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Range Resources during the fourth quarter worth approximately $37,820,000. Institutional investors own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lowered their target price on Range Resources from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Freedom Capital upgraded Range Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Bank of America raised their price objective on shares of Range Resources from $38.00 to $44.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Stephens lowered their price objective on shares of Range Resources from $53.00 to $52.00 and set an “overweight” rating for the company in a research note on Friday, July 10th. Finally, Truist Financial dropped their target price on shares of Range Resources from $46.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.00.

Key Stories Impacting Range Resources

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.

Range Resources Stock Performance

Shares of Range Resources stock opened at $36.07 on Thursday. The business has a 50-day simple moving average of $38.72 and a 200 day simple moving average of $39.34. Range Resources Corporation has a one year low of $32.60 and a one year high of $48.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 9.54 and a beta of 0.41.

Range Resources (NYSE:RRC) last announced its quarterly earnings results 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. Range Resources had a return on equity of 18.64% and a net margin of 26.09%.The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $898.20 million. During the same quarter in the prior year, the company earned $0.96 earnings per share. The company’s quarterly revenue was up 49.8% on a year-over-year basis. On average, research analysts anticipate that Range Resources Corporation will post 3.44 earnings per share for the current fiscal year.

Range Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, June 12th. Range Resources’s dividend payout ratio (DPR) is currently 10.58%.

Range Resources Company Profile

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.