Range Resources Corporation $RRC Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its stake in shares of Range Resources Corporation (NYSE:RRC) by 35.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 54,082 shares of the oil and gas exploration company’s stock after selling 29,256 shares during the period. Pacer Advisors Inc.’s holdings in Range Resources were worth $2,443,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in 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 valued at $975,311,000 after acquiring an additional 326,748 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Range Resources by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 25,553,637 shares of the oil and gas exploration company’s stock worth $901,021,000 after purchasing an additional 701,751 shares in the last quarter. Boston Partners boosted its stake in shares of Range Resources by 14.0% in the fourth 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 during the period. Dimensional Fund Advisors LP boosted its stake in shares of Range Resources by 2.5% in the first 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 during the period. Finally, Kopernik Global Investors LLC grew its holdings in Range Resources by 18.5% during 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. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Insider Buying and Selling

In other Range Resources news, Director Reginal Spiller sold 3,500 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $40.00, for a total transaction of $140,000.00. Following the completion of the sale, the director owned 13,421 shares in the company, valued at $536,840. The trade was a 20.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

Range Resources Stock Down 0.7%

NYSE:RRC opened at $38.29 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 10.58 and a beta of 0.42. Range Resources Corporation has a one year low of $32.60 and a one year high of $48.31. The stock has a 50-day simple moving average of $37.89 and a 200 day simple moving average of $39.78.

Range Resources (NYSE:RRC) last announced its quarterly earnings data on Tuesday, July 21st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.13. Range Resources had a return on equity of 18.63% and a net margin of 25.04%.The firm had revenue of $759.58 million for the quarter, compared to analysts’ expectations of $744.78 million. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Range Resources’s revenue for the quarter was down 2.7% compared to the same quarter last year. Sell-side analysts predict that Range Resources Corporation will post 3.49 EPS for the current fiscal year.

Range Resources Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of Range Resources from $49.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Wells Fargo & Company decreased their price objective on shares of Range Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. Truist Financial dropped their target price on Range Resources from $46.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Morgan Stanley reduced their price target on Range Resources from $50.00 to $44.00 and set an “equal weight” rating for the company in a report on Monday, June 29th. Finally, Weiss Ratings lowered Range Resources from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $43.35.

About Range Resources

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.