Bornite Capital Management LP Takes $28.21 Million Position in Range Resources Corporation $RRC

Bornite Capital Management LP purchased a new stake in Range Resources Corporation (NYSE:RRC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 800,000 shares of the oil and gas exploration company’s stock, valued at approximately $28,208,000. Range Resources makes up 2.8% of Bornite Capital Management LP’s holdings, making the stock its 14th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Range Resources by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 25,553,637 shares of the oil and gas exploration company’s stock valued at $901,021,000 after buying an additional 701,751 shares in the last quarter. Boston Partners raised its position in shares of Range Resources by 14.0% in the fourth quarter. Boston Partners now owns 13,467,808 shares of the oil and gas exploration company’s stock valued at $474,585,000 after buying an additional 1,650,258 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Range Resources by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,965,029 shares of the oil and gas exploration company’s stock valued at $316,123,000 after buying an additional 673,827 shares in the last quarter. Kopernik Global Investors LLC raised its position in shares of Range Resources by 18.5% in the fourth quarter. Kopernik Global Investors LLC now owns 5,238,903 shares of the oil and gas exploration company’s stock valued at $184,724,000 after buying an additional 818,295 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Range Resources by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 4,337,001 shares of the oil and gas exploration company’s stock valued at $152,971,000 after purchasing an additional 41,078 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Range Resources News Summary

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

• Positive Sentiment: Zacks Research raised its earnings estimates for multiple periods, including FY2026 to $3.48 per share, Q3 2026 to $0.67, Q3 2027 to $0.72, Q2 2027 to $0.78, and Q4 2026 to $0.85, signaling improved expectations for Range Resources’ earnings power.
• Positive Sentiment: A Yahoo Finance-linked article highlighted that an analyst raised the price target on Range Resources, suggesting at least one bullish valuation revision for the stock. Analyst Raises Price Target on Range Resources (RRC)
• Neutral Sentiment: Despite the higher estimates, Zacks still labels Range Resources as Hold in one update, and its latest consensus-style outlook remains below the broader current-year estimate of $3.70 per share.
• Negative Sentiment: Zacks Research also downgraded Range Resources from Strong Buy to Hold, which may have weighed on sentiment even as earnings forecasts improved.
• Negative Sentiment: One estimate was cut: Zacks lowered Q2 2026 EPS to $0.48 from $0.51, showing some caution around near-term performance.

Analyst Upgrades and Downgrades

Several research analysts have commented on RRC shares. Citigroup lowered their price objective on shares of Range Resources from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Morgan Stanley boosted their price objective on shares of Range Resources from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Stephens lowered their price objective on shares of Range Resources from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Piper Sandler boosted their price objective 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. Finally, TD Cowen boosted their price objective on shares of Range Resources from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Range Resources currently has an average rating of “Hold” and a consensus target price of $44.00.

Insider Buying and Selling at Range Resources

In other Range Resources news, Director Brenda A. Cline sold 7,000 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $44.40, for a total transaction of $310,800.00. Following the sale, the director owned 28,668 shares of the company’s stock, valued at approximately $1,272,859.20. The trade was a 19.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Range Resources Stock Up 1.4%

Shares of RRC opened at $38.53 on Friday. Range Resources Corporation has a one year low of $32.60 and a one year high of $48.31. The company has a market cap of $9.08 billion, a P/E ratio of 10.19 and a beta of 0.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a 50 day simple moving average of $41.36 and a two-hundred day simple moving average of $39.36.

Range Resources (NYSE:RRC) last announced its quarterly earnings data on Tuesday, April 21st. The oil and gas exploration company reported $1.52 EPS for the quarter, beating 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 net margin of 26.09% and a return on equity of 18.64%. The company’s revenue was up 49.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 earnings per share. Research analysts forecast that Range Resources Corporation will post 3.71 EPS for the current fiscal year.

Range Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, June 12th. Range Resources’s payout ratio is presently 10.58%.

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.