Principal Financial Group Inc. Has $23.89 Million Stake in Range Resources Corporation $RRC

Posted by Brian Himes on Jul 21st, 2026

Principal Financial Group Inc. grew its holdings in shares of Range Resources Corporation (NYSE:RRC – Free Report) by 3.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 528,726 shares of the oil and gas exploration company’s stock after purchasing an additional 19,054 shares during the period. Principal Financial Group Inc.’s holdings in Range Resources were worth $23,888,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Boston Partners raised its position in shares of Range Resources by 59.3% in the third quarter. Boston Partners now owns 11,817,550 shares of the oil and gas exploration company’s stock valued at $445,196,000 after buying an additional 4,398,042 shares in the last quarter. AQR Capital Management LLC increased its stake in Range Resources by 517.6% during the 3rd quarter. AQR Capital Management LLC now owns 2,440,277 shares of the oil and gas exploration company’s stock worth $91,852,000 after acquiring an additional 2,045,165 shares during the period. UBS Group AG increased its stake in Range Resources by 66.3% during the 4th quarter. UBS Group AG now owns 3,588,540 shares of the oil and gas exploration company’s stock worth $126,532,000 after acquiring an additional 1,430,477 shares during the period. Morgan Stanley increased its stake in Range Resources by 54.1% during the 4th quarter. Morgan Stanley now owns 3,267,227 shares of the oil and gas exploration company’s stock worth $115,202,000 after acquiring an additional 1,147,304 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in Range Resources in the 4th quarter valued at $37,820,000. 98.93% of the stock is owned by institutional investors.

Range Resources Price Performance

Shares of NYSE:RRC opened at $36.62 on Tuesday. 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 $8.63 billion, a PE ratio of 9.69 and a beta of 0.41. The firm’s fifty day moving average is $38.47 and its 200-day moving average is $39.36.

Range Resources (NYSE:RRC – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The oil and gas exploration company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 49.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 earnings per share. Sell-side analysts predict that Range Resources Corporation will post 3.46 earnings per share for the current year.

Range Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, June 12th. Range Resources’s payout ratio is 10.58%.

Analyst Ratings Changes

RRC has been the subject of a number of recent analyst reports. Freedom Capital upgraded Range Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Bank of America boosted their price target on Range Resources from $38.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Truist Financial cut their price objective on shares of Range Resources from $46.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Zacks Research downgraded shares of Range Resources from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Finally, The Goldman Sachs Group decreased their target price on shares of Range Resources from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $43.00.

Check Out Our Latest Stock Analysis on RRC

Range Resources Profile

(Free Report)

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.