Range Resources Corporation $RRC Position Reduced by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. reduced its stake in shares of Range Resources Corporation (NYSE:RRC) by 93.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,617 shares of the oil and gas exploration company’s stock after selling 908,009 shares during the period. Jefferies Financial Group Inc.’s holdings in Range Resources were worth $2,419,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. MQS Management LLC acquired a new position in Range Resources during the 4th quarter worth $275,000. Mizuho Markets Cayman LP grew its holdings in Range Resources by 125.6% during the 4th quarter. Mizuho Markets Cayman LP now owns 336,363 shares of the oil and gas exploration company’s stock worth $11,860,000 after acquiring an additional 187,246 shares in the last quarter. Private Wealth Advisors LLC grew its holdings in Range Resources by 4.8% during the 4th quarter. Private Wealth Advisors LLC now owns 44,635 shares of the oil and gas exploration company’s stock worth $1,574,000 after acquiring an additional 2,050 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Range Resources by 7.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 35,861 shares of the oil and gas exploration company’s stock worth $1,264,000 after acquiring an additional 2,459 shares in the last quarter. Finally, Radnor Capital Management LLC grew its holdings in Range Resources by 2.9% during the 4th quarter. Radnor Capital Management LLC now owns 35,860 shares of the oil and gas exploration company’s stock worth $1,264,000 after acquiring an additional 1,000 shares in the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Range Resources Trading Down 2.5%

Range Resources stock opened at $40.03 on Wednesday. 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 is $42.91 and its 200-day moving average is $39.28. The company has a market cap of $9.43 billion, a P/E ratio of 10.59 and a beta of 0.46.

Range Resources (NYSE:RRC) last released its quarterly earnings data on Tuesday, April 21st. The oil and gas exploration company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.27. Range Resources had a net margin of 26.09% and a return on equity of 18.64%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $898.20 million. During the same quarter last year, the company earned $0.96 EPS. The company’s revenue for the quarter was up 49.8% compared to the same quarter last year. On average, equities analysts expect that Range Resources Corporation will post 3.75 earnings per share for the current year.

Insider Buying and Selling at Range Resources

In related news, Director Brenda A. Cline sold 7,000 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $44.40, for a total value of $310,800.00. Following the sale, the director owned 28,668 shares of the company’s stock, valued at $1,272,859.20. This trade represents a 19.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RRC shares. 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 report on Tuesday, April 21st. Zacks Research raised shares of Range Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. TD Cowen raised their price objective on shares of Range Resources from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, March 17th. Weiss Ratings raised shares of Range Resources from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Finally, Morgan Stanley raised their price target on shares of Range Resources from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $44.00.

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.