180,000 Shares in Range Resources Corporation $RRC Bought by Wealth High Governance Capital Ltda

Wealth High Governance Capital Ltda acquired a new stake in shares of Range Resources Corporation (NYSE:RRC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 180,000 shares of the oil and gas exploration company’s stock, valued at approximately $6,775,000. Range Resources makes up about 1.9% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its 23rd largest holding. Wealth High Governance Capital Ltda owned 0.08% of Range Resources at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of RRC. Vanguard Group Inc. raised its position in shares of Range Resources by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 24,851,886 shares of the oil and gas exploration company’s stock worth $935,425,000 after purchasing an additional 799,574 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Range Resources by 7.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,291,202 shares of the oil and gas exploration company’s stock worth $312,075,000 after buying an additional 608,274 shares during the last quarter. Boston Partners increased its stake in Range Resources by 6.1% during the 2nd quarter. Boston Partners now owns 7,419,508 shares of the oil and gas exploration company’s stock worth $301,133,000 after buying an additional 425,704 shares in the last quarter. Lingotto Investment Management LLP increased its stake in Range Resources by 2.0% during the 2nd quarter. Lingotto Investment Management LLP now owns 7,161,614 shares of the oil and gas exploration company’s stock worth $291,263,000 after buying an additional 138,877 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Range Resources by 230.1% during the second quarter. Invesco Ltd. now owns 4,785,940 shares of the oil and gas exploration company’s stock valued at $194,644,000 after acquiring an additional 3,336,299 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RRC shares. Bank of America restated a “neutral” rating and issued a $38.00 target price (down from $44.00) on shares of Range Resources in a research report on Friday, January 16th. Zacks Research downgraded Range Resources from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. TD Cowen raised shares of Range Resources to a “hold” rating in a report on Monday, February 9th. UBS Group increased their target price on shares of Range Resources from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Range Resources currently has a consensus rating of “Hold” and a consensus target price of $42.13.

Range Resources Trading Up 0.2%

Shares of RRC traded up $0.08 during midday trading on Friday, reaching $42.96. The company had a trading volume of 538,941 shares, compared to its average volume of 3,373,821. Range Resources Corporation has a 1-year low of $30.32 and a 1-year high of $43.55. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.28. The firm has a 50 day simple moving average of $37.27 and a 200-day simple moving average of $36.85. The stock has a market cap of $10.11 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 0.39 and a beta of 0.57.

Range Resources (NYSE:RRC) last announced its quarterly earnings results on Tuesday, February 24th. The oil and gas exploration company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.13. Range Resources had a net margin of 21.12% and a return on equity of 16.31%. The firm had revenue of $786.89 million for the quarter, compared to analysts’ expectations of $770.92 million. During the same quarter in the previous year, the company posted $0.68 EPS. The company’s revenue was up 30.9% compared to the same quarter last year. Research analysts forecast that Range Resources Corporation will post 2.02 EPS for the current fiscal year.

Range Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, March 13th. This is a positive change from Range Resources’s previous quarterly dividend of $0.09. Range Resources’s dividend payout ratio (DPR) is presently 13.14%.

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.