Fielder Capital Group LLC Acquires Shares of 127,386 Range Resources Corporation $RRC

Fielder Capital Group LLC acquired a new stake in Range Resources Corporation (NYSE:RRC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 127,386 shares of the oil and gas exploration company’s stock, valued at approximately $4,737,000. Range Resources comprises approximately 1.0% of Fielder Capital Group LLC’s investment portfolio, making the stock its 27th largest position. Fielder Capital Group LLC owned approximately 0.05% of Range Resources at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RRC. Boston Partners increased its position in shares of Range Resources by 59.3% during 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 purchasing an additional 4,398,042 shares during the last quarter. AQR Capital Management LLC lifted its position in Range Resources by 517.6% in the third quarter. AQR Capital Management LLC now owns 2,440,277 shares of the oil and gas exploration company’s stock worth $91,852,000 after buying an additional 2,045,165 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Range Resources during the second quarter worth $67,470,000. UBS Group AG boosted its stake in Range Resources by 66.3% during the fourth quarter. UBS Group AG now owns 3,588,540 shares of the oil and gas exploration company’s stock worth $126,532,000 after buying an additional 1,430,477 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Range Resources during the first quarter worth $64,481,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Range Resources Trading Down 0.0%

RRC stock opened at $40.31 on Monday. Range Resources Corporation has a 12 month low of $32.60 and a 12 month high of $48.31. The firm’s 50-day moving average is $37.94 and its 200 day moving average is $39.97. The company has a market capitalization of $9.42 billion, a PE ratio of 11.14 and a beta of 0.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.65 and a quick ratio of 0.65.

Range Resources (NYSE:RRC) last released 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. The company had revenue of $759.58 million during the quarter, compared to analysts’ expectations of $744.78 million. Range Resources had a net margin of 25.04% and a return on equity of 18.63%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 EPS. On average, research analysts anticipate that Range Resources Corporation will post 3.49 EPS for the current year.

Range Resources Announces Dividend

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. This represents a $0.40 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, June 12th. Range Resources’s dividend payout ratio is currently 11.05%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RRC shares. Raymond James Financial set a $45.00 target price on shares of Range Resources in a research note on Monday, July 27th. Susquehanna dropped their price target on shares of Range Resources from $45.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday, July 21st. Freedom Capital upgraded shares of Range Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Citigroup reissued a “neutral” rating on shares of Range Resources in a research report on Thursday, July 23rd. Finally, Stephens raised their price objective on shares of Range Resources from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Range Resources has a consensus rating of “Hold” and a consensus target price of $43.35.

Insider Activity

In other news, Director Reginal Spiller sold 3,500 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $40.00, for a total transaction of $140,000.00. Following the transaction, the director owned 13,421 shares in the company, valued at approximately $536,840. This trade represents a 20.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

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.