Hussman Strategic Advisors Inc. Invests $1.58 Million in Range Resources Corporation $RRC

Hussman Strategic Advisors Inc. acquired a new stake in Range Resources Corporation (NYSE:RRC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 42,000 shares of the oil and gas exploration company’s stock, valued at approximately $1,581,000.

Other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. increased its stake in Range Resources by 1,464.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 751 shares of the oil and gas exploration company’s stock valued at $31,000 after purchasing an additional 703 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of Range Resources by 116.3% during the third quarter. True Wealth Design LLC now owns 1,006 shares of the oil and gas exploration company’s stock valued at $38,000 after buying an additional 541 shares during the last quarter. Barrett & Company Inc. purchased a new stake in shares of Range Resources during the second quarter valued at $41,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Range Resources in the 2nd quarter valued at $45,000. Finally, Allworth Financial LP raised its stake in Range Resources by 196.5% in the 2nd quarter. Allworth Financial LP now owns 1,103 shares of the oil and gas exploration company’s stock worth $45,000 after acquiring an additional 731 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Range Resources Trading Up 2.9%

Shares of NYSE:RRC opened at $36.77 on Thursday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. Range Resources Corporation has a 12-month low of $30.32 and a 12-month high of $43.50. The business has a 50 day moving average of $36.12 and a two-hundred day moving average of $36.14. The company has a market capitalization of $8.71 billion, a PE ratio of 15.45, a PEG ratio of 0.36 and a beta of 0.51.

Range Resources (NYSE:RRC) last issued its quarterly earnings data on Tuesday, October 28th. The oil and gas exploration company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Range Resources had a net margin of 19.64% and a return on equity of 15.99%. The business had revenue of $655.30 million for the quarter, compared to analysts’ expectations of $721.22 million. During the same quarter last year, the company earned $0.48 EPS. The business’s revenue was up 21.7% on a year-over-year basis. As a group, analysts forecast that Range Resources Corporation will post 2.02 EPS for the current year.

Range Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. Range Resources’s payout ratio is presently 15.13%.

Analyst Ratings Changes

RRC has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Range Resources in a research note on Monday, December 29th. Royal Bank Of Canada dropped their target price on Range Resources from $46.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 14th. Citigroup reduced their price target on shares of Range Resources from $39.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, January 12th. Bank of America restated a “neutral” rating and set a $38.00 price objective (down from $44.00) on shares of Range Resources in a research note on Friday, January 16th. Finally, Susquehanna dropped their price objective on shares of Range Resources to $39.00 and set a “neutral” rating on the stock in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Range Resources presently has a consensus rating of “Hold” and a consensus price target of $41.22.

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.