14,104 Shares in Range Resources Corporation $RRC Bought by Callan Family Office LLC

Callan Family Office LLC purchased a new position in shares of Range Resources Corporation (NYSE:RRC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,104 shares of the oil and gas exploration company’s stock, valued at approximately $525,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Range Resources in the 2nd quarter valued at about $868,085,000. Boston Partners grew its position in shares of Range Resources by 59.3% during the third quarter. Boston Partners now owns 11,817,550 shares of the oil and gas exploration company’s stock worth $445,196,000 after buying an additional 4,398,042 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Range Resources by 517.6% during the third quarter. AQR Capital Management LLC now owns 2,440,277 shares of the oil and gas exploration company’s stock worth $91,852,000 after buying an additional 2,045,165 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Range Resources during the second quarter worth approximately $67,470,000. Finally, UBS Group AG raised its holdings in Range Resources by 66.3% in the fourth quarter. UBS Group AG now owns 3,588,540 shares of the oil and gas exploration company’s stock valued at $126,532,000 after acquiring an additional 1,430,477 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Insider Activity

In other news, Director Reginal Spiller sold 3,500 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $40.00, for a total value of $140,000.00. Following the completion of the transaction, the director owned 13,421 shares in the company, valued at approximately $536,840. This represents a 20.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

RRC has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their price target 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. UBS Group reissued a “neutral” rating on shares of Range Resources in a research report on Thursday, August 13th. Wells Fargo & Company reduced their price objective on shares of Range Resources from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. Citigroup reaffirmed a “neutral” rating on shares of Range Resources in a research report on Thursday, July 23rd. Finally, Zacks Research upgraded shares of Range Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $43.75.

Range Resources Price Performance

Shares of NYSE RRC opened at $40.97 on Wednesday. The stock’s 50-day simple moving average is $38.25 and its 200-day simple moving average is $40.17. The firm has a market capitalization of $9.57 billion, a PE ratio of 11.32 and a beta of 0.42. Range Resources Corporation has a fifty-two week low of $32.68 and a fifty-two week high of $48.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.65 and a current ratio of 0.65.

Range Resources (NYSE:RRC) last announced its quarterly 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 $0.66 by $0.13. The firm had revenue of $759.58 million during the quarter, compared to the consensus estimate of $744.78 million. Range Resources had a return on equity of 18.63% and a net margin of 25.04%.The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 earnings per share. As a group, equities research analysts forecast that Range Resources Corporation will post 3.62 EPS for the current fiscal year.

Range Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given 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 payout ratio is currently 11.05%.

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.