75,247 Shares in Range Resources Corporation $RRC Bought by Brooklands Fund Management Ltd

Brooklands Fund Management Ltd purchased a new position in Range Resources Corporation (NYSE:RRC) in the 1st quarter, Holdings Channel.com reports. The fund purchased 75,247 shares of the oil and gas exploration company’s stock, valued at approximately $3,400,000. Range Resources accounts for about 3.8% of Brooklands Fund Management Ltd’s investment portfolio, making the stock its 10th largest holding.

Several other hedge funds have also added to or reduced their stakes in the business. Los Angeles Capital Management LLC bought a new position in shares of Range Resources during the fourth quarter valued at about $34,000. Root Financial Partners LLC increased its holdings in shares of Range Resources by 37.8% in the first quarter. Root Financial Partners LLC now owns 1,006 shares of the oil and gas exploration company’s stock worth $45,000 after buying an additional 276 shares during the period. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of Range Resources in the 4th quarter valued at about $57,000. Basepoint Wealth LLC bought a new stake in shares of Range Resources in the 4th quarter valued at about $61,000. Finally, International Assets Investment Management LLC purchased a new stake in Range Resources during the 4th quarter valued at about $71,000. 98.93% of the stock is owned by institutional investors.

Range Resources Trading Up 0.3%

RRC opened at $38.88 on Friday. The business has a 50 day simple moving average of $38.30 and a two-hundred day simple moving average of $39.43. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of 10.74 and a beta of 0.41. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.65 and a quick ratio of 0.55. Range Resources Corporation has a one year low of $32.60 and a one year high of $48.31.

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 for the quarter, topping the consensus estimate of $0.66 by $0.13. The business had revenue of $759.58 million during the quarter, compared to analysts’ expectations of $744.78 million. Range Resources had a return on equity of 18.63% and a net margin of 25.04%.The business’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. Analysts predict that Range Resources Corporation will post 3.46 EPS for the current year.

Range Resources Announces Dividend

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

Key Headlines Impacting Range Resources

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

• Positive Sentiment: Range Resources delivered a Q2 earnings beat, with higher production, better price realizations, and lower unit costs supporting results. The company also highlighted record production in the earnings call. Article Title
• Positive Sentiment: Management outlined 2026 gas guidance of $0.35-$0.40/Mcf and said it is targeting 2.5 Bcfe/d by year-end, reinforcing confidence in near-term operating performance. Article Title
• Positive Sentiment: Investor commentary centered on the earnings beat and completion of the multi-year buyback program, both of which can improve per-share value and sentiment. Article Title
• Neutral Sentiment: Range Resources was described as looking inexpensive on earnings, but the valuation case is being tempered by concerns about natural gas market risk. Article Title
• Negative Sentiment: Wells Fargo lowered its price target to $45 from $46 and kept an equal-weight rating, suggesting limited near-term upside despite the strong quarter. Article Title
• Negative Sentiment: Susquehanna also cut its price target to $41, adding to the cautious analyst tone around the stock after earnings. Article Title

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. The Goldman Sachs Group reduced their price target on Range Resources from $44.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Freedom Capital upgraded Range Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Susquehanna dropped their price objective on Range Resources from $45.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday. Truist Financial cut their target price on shares of Range Resources from $46.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, July 10th. Finally, Wells Fargo & Company decreased their target price on shares of Range Resources from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $43.12.

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.