Universal Beteiligungs und Servicegesellschaft mbH Has $9 Million Holdings in Range Resources Corporation $RRC

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Range Resources by 32.5% in Q4 to 250,448 shares, worth about $9.0 million (roughly 0.11% of the company).
• Range Resources reported stronger-than-expected results, posting $1.52 EPS and $1.07 billion in revenue (up 49.8% year-over-year), and raised its quarterly dividend to $0.10 (annualized $0.40).
• Insider and institutional moves: Director Brenda A. Cline sold 7,000 shares at $44.40 (reducing her holding ~19.6%), while institutional investors own 98.93% of the company (Vanguard holds ~24.85 million shares).

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Range Resources Corporation (NYSE:RRC - Free Report) by 32.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 250,448 shares of the oil and gas exploration company's stock after acquiring an additional 61,396 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of Range Resources worth $9,002,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. CWA Asset Management Group LLC raised its position in shares of Range Resources by 43.5% in the third quarter. CWA Asset Management Group LLC now owns 388,569 shares of the oil and gas exploration company's stock valued at $14,626,000 after buying an additional 117,722 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Range Resources by 753.5% during the third quarter. Oppenheimer & Co. Inc. now owns 90,179 shares of the oil and gas exploration company's stock worth $3,394,000 after buying an additional 79,613 shares in the last quarter. Citigroup Inc. increased its stake in Range Resources by 71.0% during the 3rd quarter. Citigroup Inc. now owns 307,604 shares of the oil and gas exploration company's stock worth $11,578,000 after acquiring an additional 127,753 shares during the period. Vanguard Group Inc. raised its holdings in Range Resources by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 24,851,886 shares of the oil and gas exploration company's stock valued at $935,425,000 after acquiring an additional 799,574 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Range Resources by 48.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 135,125 shares of the oil and gas exploration company's stock valued at $5,086,000 after acquiring an additional 44,004 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Insider Buying and Selling at Range Resources

In other news, Director Brenda A. Cline sold 7,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $44.40, for a total value of $310,800.00. Following the sale, the director directly owned 28,668 shares in the company, valued at approximately $1,272,859.20. This trade represents a 19.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

Range Resources Trading Down 0.1%

Shares of RRC opened at $42.31 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55. Range Resources Corporation has a 52-week low of $32.60 and a 52-week high of $48.31. The firm has a market cap of $9.97 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.78 and a beta of 0.51. The business's fifty day moving average is $42.32 and its 200-day moving average is $38.56.

Range Resources (NYSE:RRC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The oil and gas exploration company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.27. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 49.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 EPS. Equities analysts anticipate that Range Resources Corporation will post 3.65 EPS for the current fiscal year.

Range Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Range Resources's previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, March 13th. Range Resources's dividend payout ratio (DPR) is currently 10.58%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Freedom Capital raised Range Resources to a "hold" rating in a report on Thursday, April 2nd. Truist Financial cut their price objective on shares of Range Resources from $48.00 to $46.00 and set a "hold" rating for the company in a research report on Thursday, April 9th. Stephens reduced their price objective on shares of Range Resources from $55.00 to $54.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 21st. Citigroup decreased their target price on shares of Range Resources from $50.00 to $45.00 and set a "neutral" rating on the stock in a report on Tuesday, April 14th. Finally, Piper Sandler boosted their target price on shares of Range Resources from $41.00 to $42.00 and gave the company a "neutral" rating in a research report on Thursday, March 12th. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $43.41.

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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