Builder Investment Group Inc. ADV Has $5.15 Million Stake in Range Resources Corporation $RRC

Builder Investment Group Inc. ADV raised its position in shares of Range Resources Corporation (NYSE:RRC) by 84.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,820 shares of the oil and gas exploration company’s stock after purchasing an additional 62,675 shares during the quarter. Range Resources accounts for 1.2% of Builder Investment Group Inc. ADV’s investment portfolio, making the stock its 21st biggest holding. Builder Investment Group Inc. ADV owned about 0.06% of Range Resources worth $5,150,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Boston Partners grew its holdings in shares of Range Resources by 6.1% during the second quarter. Boston Partners now owns 7,419,508 shares of the oil and gas exploration company’s stock valued at $301,133,000 after buying an additional 425,704 shares in the last quarter. Lingotto Investment Management LLP boosted its position in Range Resources by 2.0% during the 2nd quarter. Lingotto Investment Management LLP now owns 7,161,614 shares of the oil and gas exploration company’s stock worth $291,263,000 after acquiring an additional 138,877 shares during the period. Invesco Ltd. boosted its position in Range Resources by 230.1% during the 2nd quarter. Invesco Ltd. now owns 4,785,940 shares of the oil and gas exploration company’s stock worth $194,644,000 after acquiring an additional 3,336,299 shares during the period. Qube Research & Technologies Ltd grew its stake in Range Resources by 30.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,951,806 shares of the oil and gas exploration company’s stock valued at $120,050,000 after acquiring an additional 689,212 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Range Resources by 22.0% in the 2nd quarter. Bank of America Corp DE now owns 2,148,996 shares of the oil and gas exploration company’s stock valued at $87,400,000 after purchasing an additional 387,228 shares during the period. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Analyst Upgrades and Downgrades

RRC has been the subject of a number of research analyst reports. Piper Sandler reduced their price target on shares of Range Resources from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. Barclays upgraded shares of Range Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Raymond James Financial lowered their price target on shares of Range Resources from $45.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, September 19th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $39.00 price target (down from $44.00) on shares of Range Resources in a research note on Monday, December 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Range Resources in a research note on Monday, December 15th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Range Resources has a consensus rating of “Hold” and an average target price of $42.05.

Range Resources Stock Performance

Shares of RRC opened at $34.49 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. Range Resources Corporation has a 12 month low of $30.32 and a 12 month high of $43.50. The company’s fifty day moving average is $37.29 and its 200-day moving average is $37.08. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 0.26 and a beta of 0.47.

Range Resources (NYSE:RRC) last issued its quarterly earnings data on Tuesday, October 28th. The oil and gas exploration company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $655.30 million during the quarter, compared to analysts’ expectations of $721.22 million. Range Resources had a net margin of 19.64% and a return on equity of 15.99%. Range Resources’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. Equities analysts expect that Range Resources Corporation will post 2.02 EPS for the current fiscal year.

Range Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 12th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, December 12th. Range Resources’s payout ratio is presently 15.13%.

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.