Diversify Wealth Management LLC Purchases 16,256 Shares of Range Resources Corporation $RRC

Diversify Wealth Management LLC raised its position in shares of Range Resources Corporation (NYSE:RRC) by 56.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,857 shares of the oil and gas exploration company’s stock after purchasing an additional 16,256 shares during the quarter. Diversify Wealth Management LLC’s holdings in Range Resources were worth $1,941,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Fifth Third Bancorp lifted its stake in shares of Range Resources by 4,600.5% during the 1st quarter. Fifth Third Bancorp now owns 95,092 shares of the oil and gas exploration company’s stock valued at $4,296,000 after buying an additional 93,069 shares in the last quarter. American Trust bought a new position in Range Resources in the 1st quarter worth $203,000. Sequoia Financial Advisors LLC purchased a new stake in Range Resources in the 1st quarter worth $258,000. Kestra Advisory Services LLC increased its stake in Range Resources by 13.5% in the 1st quarter. Kestra Advisory Services LLC now owns 6,330 shares of the oil and gas exploration company’s stock worth $286,000 after buying an additional 752 shares in the last quarter. Finally, Seelaus Asset Management LLC raised its holdings in Range Resources by 2.6% during the first quarter. Seelaus Asset Management LLC now owns 9,745 shares of the oil and gas exploration company’s stock valued at $440,000 after acquiring an additional 250 shares during the period. 98.93% of the stock is currently owned by institutional investors.

Range Resources News Summary

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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RRC shares. Weiss Ratings downgraded Range Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. Stephens cut their target price on Range Resources from $53.00 to $52.00 and set an “overweight” rating for the company in a research report on Friday. Zacks Research downgraded Range Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Morgan Stanley decreased their target price on Range Resources from $50.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Monday, June 29th. Finally, UBS Group lowered their price target on Range Resources from $49.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday. One 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 assigned a Sell rating to the company. According to MarketBeat.com, Range Resources presently has an average rating of “Hold” and an average price target of $43.00.

Range Resources Stock Up 0.6%

Shares of NYSE RRC opened at $36.45 on Wednesday. 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 12-month low of $32.60 and a 12-month high of $48.31. The firm’s 50-day moving average price is $38.83 and its 200-day moving average price is $39.34. The stock has a market capitalization of $8.59 billion, a price-to-earnings ratio of 9.64 and a beta of 0.41.

Range Resources (NYSE:RRC) last released its quarterly earnings results on Tuesday, April 21st. The oil and gas exploration company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.25 by $0.27. Range Resources had a return on equity of 18.64% and a net margin of 26.09%.The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $898.20 million. During the same quarter last year, the business posted $0.96 earnings per share. The firm’s revenue was up 49.8% on a year-over-year basis. On average, equities research analysts anticipate that Range Resources Corporation will post 3.44 EPS for the current fiscal year.

Range Resources Dividend Announcement

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

Range Resources Company 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.