Kopernik Global Investors LLC Has $189.24 Million Stake in Range Resources Corporation $RRC

Kopernik Global Investors LLC trimmed its stake in shares of Range Resources Corporation (NYSE:RRC) by 20.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 4,188,614 shares of the oil and gas exploration company’s stock after selling 1,050,289 shares during the period. Range Resources comprises 13.2% of Kopernik Global Investors LLC’s holdings, making the stock its 2nd biggest position. Kopernik Global Investors LLC’s holdings in Range Resources were worth $189,242,000 at the end of the most recent reporting period.

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

Range Resources News Summary

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

• Positive Sentiment: Range Resources beat Q2 earnings and revenue estimates, reporting $0.79 EPS on $759.6 million in revenue, both above consensus, while also delivering higher output and stronger price realizations. Article Title
• Positive Sentiment: The company said it is targeting 2.5 Bcfe/d by year-end and outlined 2026 gas guidance of $0.35-$0.40/Mcf, signaling confidence in production growth and operational discipline. Article Title
• Positive Sentiment: Management highlighted record production and strategic execution on the Q2 earnings call, reinforcing the view that the business is benefiting from improved operating efficiency. Article Title
• Positive Sentiment: Investors may also be encouraged by the completion of Range Resources’ multi-year buyback program, which can support per-share value. Article Title
• Neutral Sentiment: Susquehanna lowered its price target on RRC to $41 from $45 and kept a neutral rating, which may temper enthusiasm but does not change the broader earnings-driven narrative. Article Title
• Negative Sentiment: Some coverage noted the stock fell after the earnings release, suggesting investors are still weighing strong fundamentals against execution and commodity-price risks. Article Title

Analyst Ratings Changes

RRC has been the subject of several research analyst reports. Susquehanna cut their price target on Range Resources from $45.00 to $41.00 and set a “neutral” rating for the company in a report on Tuesday. Truist Financial decreased their price objective on Range Resources from $46.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, July 10th. Morgan Stanley lowered their target price on Range Resources from $50.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, June 29th. The Goldman Sachs Group cut their target price on shares of Range Resources from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Finally, Freedom Capital upgraded shares of Range Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Range Resources presently has an average rating of “Hold” and a consensus target price of $43.18.

Range Resources Stock Up 2.6%

Shares of NYSE:RRC opened at $38.74 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. Range Resources Corporation has a 12 month low of $32.60 and a 12 month high of $48.31. The company has a 50-day moving average price of $38.35 and a 200 day moving average price of $39.40. The company has a market cap of $9.13 billion, a price-to-earnings ratio of 10.70 and a beta of 0.41.

Range Resources (NYSE:RRC) last issued its quarterly earnings data on Tuesday, July 21st. The oil and gas exploration company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.14. Range Resources had a return on equity of 18.99% and a net margin of 25.04%.The company had revenue of $759.58 million for the quarter, compared to analysts’ expectations of $744.78 million. During the same period in the previous year, the firm posted $0.66 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, equities research analysts predict that Range Resources Corporation will post 3.46 earnings per share for the current year.

Range Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a $0.10 dividend. The ex-dividend date was Friday, June 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. Range Resources’s payout ratio is 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.