Range Resources Corporation $RRC Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its holdings in Range Resources Corporation (NYSE:RRC) by 39.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,777 shares of the oil and gas exploration company’s stock after selling 13,630 shares during the period. Illinois Municipal Retirement Fund’s holdings in Range Resources were worth $939,000 at the end of the most recent reporting period.

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

More Range Resources News

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

• Positive Sentiment: Range Resources beat Q2 earnings and revenue estimates, reporting $0.79 EPS on $759.6 million in revenue, both above consensus, while also delivering higher output and stronger price realizations. Article Title
• Positive Sentiment: The company said it is targeting 2.5 Bcfe/d by year-end and outlined 2026 gas guidance of $0.35-$0.40/Mcf, signaling confidence in production growth and operational discipline. Article Title
• Positive Sentiment: Management highlighted record production and strategic execution on the Q2 earnings call, reinforcing the view that the business is benefiting from improved operating efficiency. Article Title
• Positive Sentiment: Investors may also be encouraged by the completion of Range Resources’ multi-year buyback program, which can support per-share value. Article Title
• Neutral Sentiment: Susquehanna lowered its price target on RRC to $41 from $45 and kept a neutral rating, which may temper enthusiasm but does not change the broader earnings-driven narrative. Article Title
• Negative Sentiment: Some coverage noted the stock fell after the earnings release, suggesting investors are still weighing strong fundamentals against execution and commodity-price risks. Article Title

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RRC. Weiss Ratings cut Range Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. Susquehanna decreased their price objective on Range Resources from $45.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday. UBS Group reduced their target price on shares of Range Resources from $49.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, July 10th. Freedom Capital raised shares of Range Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Finally, The Goldman Sachs Group lowered their price target on shares of Range Resources from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $43.18.

Range Resources Price Performance

Shares of NYSE:RRC opened at $38.74 on Thursday. The company has a market cap of $9.13 billion, a P/E ratio of 10.70 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. Range Resources Corporation has a 52 week low of $32.60 and a 52 week high of $48.31. The business has a fifty day simple moving average of $38.35 and a 200-day simple moving average of $39.40.

Range Resources (NYSE:RRC) last released its earnings results on Tuesday, July 21st. The oil and gas exploration company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.14. Range Resources had a return on equity of 18.99% and a net margin of 25.04%.The firm had revenue of $759.58 million for the quarter, compared to the consensus estimate of $744.78 million. During the same period in the prior year, the business posted $0.66 earnings per share. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities research analysts forecast that Range Resources Corporation will post 3.46 EPS for the current year.

Range Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a dividend of $0.10 per share. 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 presently 10.58%.

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.