Kennedy Capital Management LLC Purchases 279,694 Shares of Range Resources Corporation $RRC

Kennedy Capital Management LLC raised its position in Range Resources Corporation (NYSE:RRC) by 66.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 702,104 shares of the oil and gas exploration company’s stock after acquiring an additional 279,694 shares during the period. Kennedy Capital Management LLC’s holdings in Range Resources were worth $24,756,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of RRC. Boston Partners lifted its stake in Range Resources by 59.3% in the 3rd quarter. Boston Partners now owns 11,817,550 shares of the oil and gas exploration company’s stock valued at $445,196,000 after acquiring an additional 4,398,042 shares in the last quarter. AQR Capital Management LLC lifted its stake in Range Resources by 517.6% in the 3rd quarter. AQR Capital Management LLC now owns 2,440,277 shares of the oil and gas exploration company’s stock valued at $91,852,000 after acquiring an additional 2,045,165 shares in the last quarter. Holocene Advisors LP bought a new stake in Range Resources in the 3rd quarter valued at approximately $66,560,000. UBS Group AG lifted its stake in Range Resources by 66.3% in the 4th quarter. UBS Group AG now owns 3,588,540 shares of the oil and gas exploration company’s stock valued at $126,532,000 after acquiring an additional 1,430,477 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Range Resources by 54.1% in the 4th quarter. Morgan Stanley now owns 3,267,227 shares of the oil and gas exploration company’s stock valued at $115,202,000 after acquiring an additional 1,147,304 shares in the last quarter. Institutional investors own 98.93% of the company’s stock.

Range Resources Stock Up 1.4%

NYSE:RRC opened at $38.53 on Friday. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 10.19 and a beta of 0.42. Range Resources Corporation has a twelve month low of $32.60 and a twelve month high of $48.31. The stock’s 50 day moving average price is $41.36 and its two-hundred day moving average price is $39.36. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18.

Range Resources (NYSE:RRC) last posted its quarterly earnings results on Tuesday, April 21st. The oil and gas exploration company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.27. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $898.20 million. Range Resources had a return on equity of 18.64% and a net margin of 26.09%.The business’s quarterly revenue was up 49.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 EPS. Equities research analysts expect that Range Resources Corporation will post 3.71 earnings per share for the current fiscal year.

Range Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. Range Resources’s payout ratio is presently 10.58%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RRC shares. Piper Sandler boosted their target price on Range Resources from $41.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Barclays boosted their price target on Range Resources from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. Zacks Research lowered Range Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Freedom Capital raised Range Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Finally, Truist Financial lowered their price target on Range Resources from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Range Resources presently has a consensus rating of “Hold” and a consensus price target of $44.00.

Insider Buying and Selling at Range Resources

In related news, Director Brenda A. Cline sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $44.40, for a total transaction of $310,800.00. Following the transaction, the director directly owned 28,668 shares of the company’s stock, valued at approximately $1,272,859.20. The trade was a 19.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Key Stories Impacting Range Resources

Here are the key news stories impacting Range Resources this week:

• Positive Sentiment: Zacks Research raised its earnings estimates for multiple periods, including FY2026 to $3.48 per share, Q3 2026 to $0.67, Q3 2027 to $0.72, Q2 2027 to $0.78, and Q4 2026 to $0.85, signaling improved expectations for Range Resources’ earnings power.
• Positive Sentiment: A Yahoo Finance-linked article highlighted that an analyst raised the price target on Range Resources, suggesting at least one bullish valuation revision for the stock. Analyst Raises Price Target on Range Resources (RRC)
• Neutral Sentiment: Despite the higher estimates, Zacks still labels Range Resources as Hold in one update, and its latest consensus-style outlook remains below the broader current-year estimate of $3.70 per share.
• Negative Sentiment: Zacks Research also downgraded Range Resources from Strong Buy to Hold, which may have weighed on sentiment even as earnings forecasts improved.
• Negative Sentiment: One estimate was cut: Zacks lowered Q2 2026 EPS to $0.48 from $0.51, showing some caution around near-term performance.

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.