B. Metzler seel. Sohn & Co. AG Buys New Holdings in Range Resources Corporation $RRC

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 74,729 shares of Range Resources in the second quarter, valued at approximately $2.78 million. Institutional investors collectively own 98.93% of the company.
• Range Resources exceeded quarterly expectations, reporting $0.79 earnings per share versus the $0.66 consensus estimate and $759.6 million in revenue, although revenue declined 2.7% year over year.
• Analysts maintain a broadly cautious outlook, with the stock carrying a consensus “Hold” rating and a $43.75 average price target. The company also pays a quarterly dividend of $0.10 per share, yielding about 1.0% annually.

B. Metzler seel. Sohn & Co. AG bought a new position in Range Resources Corporation (NYSE:RRC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 74,729 shares of the oil and gas exploration company's stock, valued at approximately $2,779,000.

Other institutional investors have also recently bought and sold shares of the company. Seelaus Asset Management LLC boosted its position in shares of Range Resources by 2.6% during the 1st 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 in the last quarter. Root Financial Partners LLC lifted its stake in Range Resources by 37.8% during the first quarter. Root Financial Partners LLC now owns 1,006 shares of the oil and gas exploration company's stock worth $45,000 after purchasing an additional 276 shares during the period. UMB Bank n.a. boosted its holdings in Range Resources by 13.0% during the fourth quarter. UMB Bank n.a. now owns 2,431 shares of the oil and gas exploration company's stock valued at $86,000 after purchasing an additional 279 shares in the last quarter. Confluence Wealth Services Inc. boosted its holdings in Range Resources by 3.2% during the fourth quarter. Confluence Wealth Services Inc. now owns 10,199 shares of the oil and gas exploration company's stock valued at $360,000 after purchasing an additional 312 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its stake in shares of Range Resources by 0.9% in the 1st quarter. Harbor Investment Advisory LLC now owns 38,618 shares of the oil and gas exploration company's stock valued at $1,745,000 after purchasing an additional 330 shares during the period. Institutional investors and hedge funds own 98.93% of the company's stock.

Insiders Place Their Bets

In other Range Resources news, Director Reginal Spiller sold 3,500 shares of the firm's stock in a transaction dated 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 sale, the director owned 13,421 shares in the company, valued at approximately $536,840. This trade represents a 20.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

Range Resources Stock Up 1.1%

Shares of RRC opened at $41.13 on Friday. The company has a market capitalization of $9.61 billion, a P/E ratio of 11.36 and a beta of 0.42. Range Resources Corporation has a one year low of $32.68 and a one year high of $48.31. The business's 50 day simple moving average is $38.10 and its 200-day simple moving average is $40.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.65 and a quick ratio of 0.65.

Range Resources (NYSE:RRC - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The oil and gas exploration company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.13. Range Resources had a return on equity of 18.63% and a net margin of 25.04%.The firm had revenue of $759.58 million during the quarter, compared to analysts' expectations of $744.78 million. During the same period last year, the firm posted $0.66 EPS. The business's revenue was down 2.7% on a year-over-year basis. As a group, sell-side analysts predict that Range Resources Corporation will post 3.59 EPS for the current fiscal year.

Range Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%. Range Resources's dividend payout ratio is currently 11.05%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RRC. UBS Group reissued a "neutral" rating on shares of Range Resources in a report on Thursday, August 13th. Barclays decreased their price target on Range Resources from $43.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Monday, August 17th. Morgan Stanley lowered their price target on Range Resources from $44.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Wells Fargo & Company dropped their price objective on Range Resources from $46.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, July 23rd. Finally, Raymond James Financial set a $45.00 price objective on Range Resources in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $43.75.

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.

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