Eurizon Capital SGR S.p.A. Purchases New Holdings in Range Resources Corporation $RRC

Eurizon Capital SGR S.p.A. acquired a new stake in Range Resources Corporation (NYSE:RRC) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 20,700 shares of the oil and gas exploration company’s stock, valued at approximately $732,000.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in Range Resources by 49.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,013 shares of the oil and gas exploration company’s stock valued at $38,000 after buying an additional 336 shares during the period. SBI Okasan Asset Management Co.Ltd. acquired a new position in Range Resources in the 4th quarter valued at approximately $57,000. Basepoint Wealth LLC acquired a new position in Range Resources in the 4th quarter valued at approximately $61,000. International Assets Investment Management LLC acquired a new position in Range Resources in the 4th quarter valued at approximately $71,000. Finally, Clearstead Advisors LLC increased its stake in Range Resources by 439.5% in the 3rd quarter. Clearstead Advisors LLC now owns 2,104 shares of the oil and gas exploration company’s stock valued at $79,000 after buying an additional 1,714 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Analysts Set New Price Targets

RRC has been the topic of several research reports. TD Cowen upped their price objective on shares of Range Resources from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, March 17th. Bank of America upped their price objective on shares of Range Resources from $38.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Stephens dropped their price objective on shares of Range Resources from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Morgan Stanley upped their price objective on shares of Range Resources from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Finally, Zacks Research upgraded shares of Range Resources from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Range Resources has an average rating of “Hold” and a consensus price target of $44.00.

Insider Activity

In other news, Director Brenda A. Cline sold 7,000 shares of the company’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $44.40, for a total transaction of $310,800.00. Following the completion of the sale, the director owned 28,668 shares in the company, valued at approximately $1,272,859.20. This represents a 19.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Range Resources Trading Up 0.4%

Shares of NYSE:RRC opened at $39.83 on Thursday. The stock has a market capitalization of $9.38 billion, a PE ratio of 10.54 and a beta of 0.42. The firm has a fifty day moving average price of $42.34 and a 200 day moving average price of $39.35. Range Resources Corporation has a 1 year low of $32.60 and a 1 year high of $48.31. 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 (NYSE:RRC) last released 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. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $898.20 million. Range Resources had a return on equity of 18.64% and a net margin of 26.09%.The firm’s revenue was up 49.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 EPS. Analysts expect that Range Resources Corporation will post 3.7 EPS for the current fiscal year.

Range Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, June 12th. Range Resources’s dividend 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.