Illinois Municipal Retirement Fund Lowers Stock Position in Range Resources Corporation $RRC

Illinois Municipal Retirement Fund trimmed its position in shares of Range Resources Corporation (NYSE:RRC) by 39.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,777 shares of the oil and gas exploration company’s stock after selling 13,630 shares during the period. Illinois Municipal Retirement Fund’s holdings in Range Resources were worth $939,000 as of its most recent SEC filing.

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

Key Stories Impacting Range Resources

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

Range Resources Trading Up 2.6%

Shares of RRC opened at $38.74 on Thursday. Range Resources Corporation has a 12 month low of $32.60 and a 12 month high of $48.31. The stock’s 50-day moving average is $38.35 and its two-hundred day moving average is $39.40. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55. The stock has a market cap of $9.13 billion, a PE ratio of 10.70 and a beta of 0.41.

Range Resources (NYSE:RRC) last posted 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. The business had revenue of $759.58 million during the quarter, compared to analyst estimates of $744.78 million. Range Resources had a return on equity of 18.99% and a net margin of 25.04%.The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. Equities analysts forecast that Range Resources Corporation will post 3.46 earnings per share for the current fiscal year.

Range Resources Announces Dividend

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

Analysts Set New Price Targets

RRC has been the subject of a number of research reports. Freedom Capital upgraded Range Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. The Goldman Sachs Group cut their price target on shares of Range Resources from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. UBS Group reduced their price target on shares of Range Resources from $49.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, July 10th. Susquehanna decreased their price objective on shares of Range Resources from $45.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Morgan Stanley dropped their price objective on shares of Range Resources from $50.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $43.18.

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.