Advisors Preferred LLC Acquires New Position in Range Resources Corporation $RRC

Advisors Preferred LLC acquired a new stake in shares of Range Resources Corporation (NYSE:RRC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 98,978 shares of the oil and gas exploration company’s stock, valued at approximately $4,472,000.

Several other large investors have also bought and sold shares of the company. Seelaus Asset Management LLC lifted its stake in shares of Range Resources by 2.6% in the first quarter. Seelaus Asset Management LLC now owns 9,745 shares of the oil and gas exploration company’s stock worth $440,000 after buying an additional 250 shares in the last quarter. Root Financial Partners LLC increased its position in shares of Range Resources by 37.8% during the first quarter. Root Financial Partners LLC now owns 1,006 shares of the oil and gas exploration company’s stock valued at $45,000 after acquiring an additional 276 shares in the last quarter. UMB Bank n.a. increased its position in shares of Range Resources by 13.0% during the fourth quarter. UMB Bank n.a. now owns 2,431 shares of the oil and gas exploration company’s stock valued at $86,000 after acquiring an additional 279 shares in the last quarter. Confluence Wealth Services Inc. raised its holdings in Range Resources by 3.2% in the 4th quarter. Confluence Wealth Services Inc. now owns 10,199 shares of the oil and gas exploration company’s stock worth $360,000 after acquiring an additional 312 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in Range Resources by 0.9% in the 1st quarter. Harbor Investment Advisory LLC now owns 38,618 shares of the oil and gas exploration company’s stock worth $1,745,000 after acquiring an additional 330 shares during the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RRC. Bank of America upped their price objective on Range Resources from $38.00 to $44.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Morgan Stanley decreased their price target on Range Resources from $50.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday, June 29th. Freedom Capital raised Range Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. TD Cowen increased their price objective on Range Resources from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, March 17th. Finally, Zacks Research downgraded Range Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $43.00.

Range Resources Price Performance

Shares of RRC opened at $36.45 on Wednesday. The firm has a fifty day simple moving average of $38.83 and a two-hundred day simple moving average of $39.34. The firm has a market cap of $8.59 billion, a PE ratio of 9.64 and a beta of 0.41. 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 Corporation has a 1-year low of $32.60 and a 1-year high of $48.31.

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 analysts’ consensus estimates of $1.25 by $0.27. Range Resources had a return on equity of 18.64% and a net margin of 26.09%.The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $898.20 million. During the same period last year, the business posted $0.96 EPS. The company’s revenue for the quarter was up 49.8% on a year-over-year basis. On average, equities analysts anticipate that Range Resources Corporation will post 3.44 EPS for the current year.

Range Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.1%. Range Resources’s dividend payout ratio is currently 10.58%.

Trending Headlines about Range Resources

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

• Neutral Sentiment: Zacks Research flagged Range Resources’ upcoming quarterly report as lacking the two ingredients typically needed for a strong earnings beat, signaling cautious expectations ahead of the release. Earnings Preview: Range Resources (RRC) Q2 Earnings Expected to Decline
• Neutral Sentiment: Analysts at Zacks Research raised their Q4 2027 EPS estimate to $0.91 from $0.74, but kept a Hold rating, suggesting only limited enthusiasm despite the higher forecast.
• Neutral Sentiment: Zacks Research also lifted its Q4 2027 and other longer-dated estimates in some cases, but the firm’s overall stance remained unchanged at Hold, indicating the revisions are not enough to turn bullish.

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.