B. Metzler seel. Sohn & Co. AG Grows Stake in Range Resources Corporation $RRC

Key Points

• B. Metzler seel. Sohn & Co. AG raised its stake in Range Resources by 101.5% in Q4, adding 59,381 shares to hold 117,879 shares worth about $4.16 million.
• Range Resources beat expectations for the quarter with $1.52 EPS (vs. $1.25 est.) and $1.07B revenue (vs. $898.2M est., +49.8% YoY), and the company raised its quarterly dividend to $0.10 (annualized $0.40, 0.9% yield).
• Institutional ownership is very high at 98.93%; analysts’ consensus is a "Hold" with a $43.41 target (4 Buys, 15 Holds, 1 Sell), and insiders now own about 1.10% after a director sold 7,000 shares.

B. Metzler seel. Sohn & Co. AG raised its stake in Range Resources Corporation (NYSE:RRC - Free Report) by 101.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,879 shares of the oil and gas exploration company's stock after acquiring an additional 59,381 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Range Resources were worth $4,156,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC grew its holdings in shares of Range Resources by 2.1% during the 1st quarter. Empowered Funds LLC now owns 75,851 shares of the oil and gas exploration company's stock valued at $3,029,000 after purchasing an additional 1,563 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Range Resources by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 466,796 shares of the oil and gas exploration company's stock worth $18,639,000 after acquiring an additional 8,816 shares during the period. Focus Partners Wealth bought a new stake in Range Resources during the first quarter valued at approximately $285,000. EverSource Wealth Advisors LLC grew its position in Range Resources by 63.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,932 shares of the oil and gas exploration company's stock valued at $119,000 after buying an additional 1,139 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in Range Resources by 8.0% during the second quarter. California Public Employees Retirement System now owns 410,651 shares of the oil and gas exploration company's stock valued at $16,701,000 after purchasing an additional 30,481 shares in the last quarter. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Zacks Research raised shares of Range Resources from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 18th. Freedom Capital raised shares of Range Resources to a "hold" rating in a research report on Thursday, April 2nd. Piper Sandler raised their price target on shares of Range Resources from $41.00 to $42.00 and gave the stock a "neutral" rating in a research report on Thursday, March 12th. Royal Bank Of Canada dropped their price objective on shares of Range Resources from $46.00 to $44.00 and set a "sector perform" rating on the stock in a research note on Wednesday, January 14th. Finally, Weiss Ratings raised shares of Range Resources from a "hold (c)" rating to a "buy (b)" rating in a research note on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $43.41.

Range Resources Price Performance

Range Resources stock opened at $42.31 on Friday. Range Resources Corporation has a 12 month low of $32.60 and a 12 month high of $48.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.67. The business has a 50 day simple moving average of $42.32 and a 200-day simple moving average of $38.57. The stock has a market capitalization of $9.97 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 0.78 and a beta of 0.51.

Range Resources (NYSE:RRC - Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The oil and gas exploration company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.27. The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $898.20 million. Range Resources had a return on equity of 18.64% and a net margin of 26.09%.Range Resources's revenue was up 49.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 earnings per share. Equities analysts predict that Range Resources Corporation will post 3.65 earnings per share for the current year.

Range Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a dividend of $0.10 per share. This is a boost from Range Resources's previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.40 annualized dividend and a yield of 0.9%. Range Resources's dividend payout ratio is presently 10.58%.

Insider Transactions at Range Resources

In other news, Director Brenda A. Cline sold 7,000 shares of the business's stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $44.40, for a total value of $310,800.00. Following the completion of the sale, the director directly owned 28,668 shares in the company, valued at approximately $1,272,859.20. The trade was a 19.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

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.

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