SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 10.1% Beneficial Stake in Range Resources Corp

FMR LLC and its Chairman and CEO, Abigail P. Johnson, have filed an amended Schedule 13G, reporting a combined beneficial ownership of 10.1% of Range Resources Corp's common stock as of March 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson, as reporting persons, collectively beneficially own 24,373,853.42 shares of Range Resources Corp's common stock.
• This aggregate amount represents 10.1% of the total outstanding common stock of Range Resources Corp.
• FMR LLC holds sole voting power over 24,308,896.00 shares and sole dispositive power over 24,373,853.42 shares.
• Abigail P. Johnson, while not holding sole or shared voting/dispositive power directly, is deemed to beneficially own the same aggregate amount due to her role as Director, Chairman, and CEO of FMR LLC, and the Johnson family's predominant ownership and voting agreement regarding FMR LLC's Series B voting common shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Range Resources Corp.
• Several FMR LLC subsidiaries and affiliates, including FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater.

Sentiment

Score: 5

Explanation: This document is a factual report of beneficial ownership and does not contain information that would inherently indicate positive or negative operational performance or strategic shifts for the issuer. It simply updates the public record on a significant institutional holding.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a standard disclosure of a significant institutional investment in a publicly traded company, common within the financial services industry where large asset managers like FMR LLC hold substantial stakes across various sectors. It reflects FMR LLC's continued investment in the energy sector, specifically in Range Resources Corp, an independent natural gas and natural liquid company.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, which can influence market perception and liquidity. The continued holding by a major firm like FMR LLC may be viewed positively by other investors.

Key Dates

Keywords

Range Resources Corp, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Holding, SEC Filing, Investment Management