Range Resources Corporation $RRC Holdings Lowered by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in Range Resources Corporation (NYSE:RRC) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 453,309 shares of the oil and gas exploration company’s stock after selling 20,670 shares during the period. California Public Employees Retirement System owned approximately 0.19% of Range Resources worth $20,481,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in Range Resources by 1.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,660,494 shares of the oil and gas exploration company’s stock worth $975,311,000 after purchasing an additional 326,748 shares in the last quarter. Vanguard Group Inc. boosted its stake in Range Resources by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 25,553,637 shares of the oil and gas exploration company’s stock valued at $901,021,000 after purchasing an additional 701,751 shares in the last quarter. Boston Partners increased its position in shares of Range Resources by 14.0% during the 4th quarter. Boston Partners now owns 13,467,808 shares of the oil and gas exploration company’s stock valued at $474,585,000 after purchasing an additional 1,650,258 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Range Resources by 8.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,965,029 shares of the oil and gas exploration company’s stock valued at $316,123,000 after purchasing an additional 673,827 shares during the period. Finally, Kopernik Global Investors LLC raised its stake in shares of Range Resources by 18.5% in the 4th quarter. Kopernik Global Investors LLC now owns 5,238,903 shares of the oil and gas exploration company’s stock worth $184,724,000 after buying an additional 818,295 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Range Resources Trading Up 2.6%

NYSE RRC opened at $38.74 on Thursday. The firm’s 50 day moving average price is $38.35 and its two-hundred day moving average price is $39.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55. Range Resources Corporation has a twelve month low of $32.60 and a twelve month high of $48.31. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 10.70 and a beta of 0.41.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. Range Resources had a return on equity of 18.99% and a net margin of 25.04%.The company had revenue of $759.58 million during the quarter, compared to analyst estimates of $744.78 million. During the same quarter in the prior year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities analysts anticipate 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. Shareholders of record on Friday, June 12th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, June 12th. Range Resources’s payout ratio is 10.58%.

Wall Street Analysts Forecast Growth

RRC has been the topic of several research reports. Citigroup dropped their price target on shares of Range Resources from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. The Goldman Sachs Group cut their target price on shares of Range Resources from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Bank of America lifted their price target on shares of Range Resources from $38.00 to $44.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. UBS Group reduced their price objective on Range Resources from $49.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, July 10th. Finally, Susquehanna decreased their price target on Range Resources from $45.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $43.18.

Range Resources News Summary

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

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.