Range Resources Corporation $RRC Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its position in shares of Range Resources Corporation (NYSE:RRC) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,752 shares of the oil and gas exploration company’s stock after selling 19,937 shares during the period. Segall Bryant & Hamill LLC owned 0.16% of Range Resources worth $17,383,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Range Resources by 1.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,660,494 shares of the oil and gas exploration company’s stock worth $975,311,000 after acquiring an additional 326,748 shares during the last quarter. Vanguard Group Inc. raised its stake in Range Resources by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 25,553,637 shares of the oil and gas exploration company’s stock valued at $901,021,000 after purchasing an additional 701,751 shares during the last quarter. Boston Partners lifted its holdings in Range Resources by 14.0% in the 4th quarter. Boston Partners now owns 13,467,808 shares of the oil and gas exploration company’s stock valued at $474,585,000 after purchasing an additional 1,650,258 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Range Resources by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,192,740 shares of the oil and gas exploration company’s stock valued at $415,354,000 after purchasing an additional 227,711 shares in the last quarter. Finally, Kopernik Global Investors LLC lifted its holdings in Range Resources by 18.5% in the 4th quarter. Kopernik Global Investors LLC now owns 5,238,903 shares of the oil and gas exploration company’s stock valued at $184,724,000 after purchasing an additional 818,295 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Range Resources Stock Up 1.7%

Shares of NYSE:RRC opened at $40.22 on Friday. Range Resources Corporation has a 52-week low of $32.60 and a 52-week high of $48.31. The stock has a market cap of $9.40 billion, a P/E ratio of 11.11 and a beta of 0.41. The business has a fifty day moving average of $37.96 and a two-hundred day moving average of $39.60. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.18.

Range Resources (NYSE:RRC) last posted its quarterly earnings results on Tuesday, July 21st. The oil and gas exploration company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.66 by $0.13. The business had revenue of $759.58 million for the quarter, compared to analyst estimates of $744.78 million. Range Resources had a return on equity of 18.63% and a net margin of 25.04%.The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 EPS. On average, research analysts expect that Range Resources Corporation will post 3.49 earnings per share for the current year.

Range Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%. Range Resources’s payout ratio is 11.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Range Resources from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. The Goldman Sachs Group lowered their price target on shares of Range Resources from $44.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Morgan Stanley dropped their price objective on shares of Range Resources from $50.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday, June 29th. Freedom Capital upgraded shares of Range Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Finally, Truist Financial decreased 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 note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Range Resources has a consensus rating of “Hold” and a consensus price target of $43.35.

Range Resources 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.