Journey Advisory Group LLC Has $6.16 Million Stock Position in Range Resources Corporation $RRC

Journey Advisory Group LLC grew its holdings in shares of Range Resources Corporation (NYSE:RRC) by 21.2% in the first quarter, Holdings Channel reports. The institutional investor owned 136,301 shares of the oil and gas exploration company’s stock after acquiring an additional 23,810 shares during the period. Journey Advisory Group LLC’s holdings in Range Resources were worth $6,158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in RRC. Vanguard Group Inc. boosted its stake in Range Resources by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 25,553,637 shares of the oil and gas exploration company’s stock valued at $901,021,000 after purchasing an additional 701,751 shares during the last quarter. Mizuho Markets Cayman LP purchased a new stake in shares of Range Resources in the third quarter worth approximately $5,613,000. SG Americas Securities LLC raised its stake in shares of Range Resources by 101.2% in the fourth quarter. SG Americas Securities LLC now owns 66,689 shares of the oil and gas exploration company’s stock worth $2,351,000 after purchasing an additional 33,544 shares during the last quarter. Life Cycle Investment Partners Ltd bought a new position in shares of Range Resources in the fourth quarter valued at approximately $21,129,000. Finally, King Luther Capital Management Corp lifted its holdings in shares of Range Resources by 49.8% in the fourth quarter. King Luther Capital Management Corp now owns 1,281,975 shares of the oil and gas exploration company’s stock valued at $45,202,000 after purchasing an additional 426,300 shares in the last quarter. 98.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on RRC. Bank of America upped their price target on Range Resources from $38.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. UBS Group dropped their price objective on Range Resources from $49.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Weiss Ratings downgraded shares of Range Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. The Goldman Sachs Group reduced their target price on shares of Range Resources from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Finally, Stephens lowered their target price on shares of Range Resources from $53.00 to $52.00 and set an “overweight” rating for the company in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $43.00.

Range Resources Price Performance

Shares of NYSE RRC opened at $36.07 on Thursday. The company has a market capitalization of $8.50 billion, a PE ratio of 9.54 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average price is $38.72 and its 200-day moving average price is $39.34. Range Resources Corporation has a twelve month low of $32.60 and a twelve month high of $48.31.

Range Resources (NYSE:RRC) last issued its quarterly earnings results on Tuesday, April 21st. The oil and gas exploration company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates 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%.Range Resources’s revenue was up 49.8% on a year-over-year basis. During the same period last year, the business posted $0.96 earnings per share. On average, equities analysts anticipate that Range Resources Corporation will post 3.44 EPS for the current 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 paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, June 12th. Range Resources’s dividend payout ratio is 10.58%.

Key Headlines Impacting Range Resources

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

• Negative Sentiment: Zacks Research downgraded Range Resources (RRC) from hold to strong sell, signaling weaker analyst confidence. Zacks.com
• Negative Sentiment: Zacks previewed second-quarter earnings and said Range Resources may not have the ingredients needed to beat expectations, suggesting downside risk into the report. Article
• Negative Sentiment: Analysts at Zacks Research lowered earnings estimates across several future periods, including FY2026 and FY2027, which can pressure valuation expectations for RRC.

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.