Range Resources Corporation $RRC Shares Sold by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings cut its Range Resources position by 86.2% in the third quarter, selling 82,436 shares and retaining 13,216 shares worth about $490,000. Institutional investors collectively own 98.93% of the company.
• Range Resources reported strong quarterly results, with adjusted EPS of $0.81 beating estimates of $0.75 and revenue of $842.8 million exceeding forecasts. Revenue rose 12.6% year over year, while strong liquids production and cash generation helped reduce net debt.
• EQT has agreed to acquire Range Resources in an all-stock transaction, but the deal faces shareholder and regulatory approvals, analyst skepticism, and legal investigations. Despite the stock trading near its 52-week high, analysts maintain a consensus “Hold” rating with an average price target of $45.78.

Crossmark Global Holdings Inc. lowered its position in Range Resources Corporation (NYSE:RRC - Free Report) by 86.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,216 shares of the oil and gas exploration company's stock after selling 82,436 shares during the period. Crossmark Global Holdings Inc.'s holdings in Range Resources were worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Seelaus Asset Management LLC raised its holdings in shares of Range Resources by 2.6% in the first quarter. Seelaus Asset Management LLC now owns 9,745 shares of the oil and gas exploration company's stock worth $440,000 after buying an additional 250 shares during the period. Quadrant Capital Group LLC boosted its holdings in Range Resources by 0.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 43,988 shares of the oil and gas exploration company's stock valued at $1,629,000 after acquiring an additional 264 shares during the period. Root Financial Partners LLC grew its position in Range Resources by 37.8% in the 1st quarter. Root Financial Partners LLC now owns 1,006 shares of the oil and gas exploration company's stock valued at $45,000 after acquiring an additional 276 shares during the last quarter. NewEdge Advisors LLC grew its position in Range Resources by 9.1% in the 2nd quarter. NewEdge Advisors LLC now owns 3,494 shares of the oil and gas exploration company's stock valued at $130,000 after acquiring an additional 291 shares during the last quarter. Finally, Toth Financial Advisory Corp grew its position in Range Resources by 27.3% in the 2nd quarter. Toth Financial Advisory Corp now owns 1,400 shares of the oil and gas exploration company's stock valued at $52,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 98.93% of the company's stock.

Insider Transactions at Range Resources

In related news, Director Reginal Spiller sold 3,500 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $536,840. The trade was a 20.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

Key Range Resources News

Here are the key news stories impacting Range Resources this week:

• Positive Sentiment: Merger creates potential strategic value: EQT agreed to acquire Range in an all-stock transaction under which Range shareholders would receive 0.987 EQT shares for each RRC share. The combined company would have a value exceeding $50 billion, with management targeting cost savings, improved market access and stronger free cash flow. EQT to Acquire Range Resources
• Positive Sentiment: Quarterly results exceeded expectations: Range reported adjusted earnings of $0.81 per share versus the $0.75 consensus estimate, while revenue reached $842.8 million against expectations of $795.2 million. Revenue increased 12.6% year over year. Range Resources Surpasses Q3 Estimates
• Positive Sentiment: Liquids production and cash generation were strong: Record liquids output of 133,173 barrels per day helped drive $308 million in operating cash flow, $347 million in cash flow before working-capital changes and a 25% year-over-year increase in adjusted net income. Net debt declined approximately 35% from year-end 2025 to $794 million. Range Announces Third Quarter Results
• Neutral Sentiment: Valuation and momentum are mixed: RRC reached a 52-week high following the merger announcement, but commentary notes that investors must weigh further upside against the stock’s already substantial rally and commodity-price exposure. Range Resources Hits a 52-Week High
• Negative Sentiment: Merger risks and skepticism remain: Scotiabank questioned EQT’s rationale for buying Range at current commodity prices, while law firms announced investigations into the proposed deal’s price and process. The transaction still requires shareholder and regulatory approvals. Range Resources Investor Alert
• Negative Sentiment: Analyst downgrade: Texas Capital lowered Range Resources from “strong buy” to “hold,” adding to near-term caution after the stock’s rapid advance.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Raymond James Financial reiterated an "outperform" rating and issued a $48.00 target price on shares of Range Resources in a research note on Friday, October 23rd. Stifel Nicolaus began coverage on shares of Range Resources in a research note on Thursday, September 10th. They set a "hold" rating and a $46.00 target price for the company. BMO Capital Markets restated a "market perform" rating on shares of Range Resources in a report on Monday, October 5th. Barclays raised their price target on shares of Range Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 8th. Finally, Texas Capital downgraded shares of Range Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Range Resources has a consensus rating of "Hold" and an average target price of $45.78.

Range Resources Stock Down 1.0%

Shares of Range Resources stock opened at $55.82 on Thursday. 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 Corporation has a 1 year low of $32.68 and a 1 year high of $56.90. The firm's 50-day moving average is $41.64 and its two-hundred day moving average is $40.12. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of 15.42 and a beta of 0.71.

Range Resources (NYSE:RRC - Get Free Report) last posted its earnings results on Tuesday, October 27th. The oil and gas exploration company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.06. Range Resources had a net margin of 25.04% and a return on equity of 18.63%. The business had revenue of $842.83 million for the quarter, compared to the consensus estimate of $795.19 million. During the same quarter last year, the firm posted $0.57 EPS. The company's revenue for the quarter was up 12.6% on a year-over-year basis. As a group, research analysts expect that Range Resources Corporation will post 3.78 earnings per share for the current fiscal year.

Range Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, September 11th. Range Resources's dividend payout ratio (DPR) is presently 11.05%.

About Range Resources

Range Resources Corporation is an independent natural gas, natural gas liquids and oil exploration and production company. Its operations are concentrated in the Appalachian Basin, particularly the Marcellus Shale in southwestern Pennsylvania, where the company develops unconventional wells and produces natural gas, condensate and natural gas liquids.

The company's activities include leasing and developing mineral properties, drilling and completing horizontal wells, and producing and marketing hydrocarbons.

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