SCHEDULE: T. Rowe Price Discloses 1.7% Stake in Range Resources

T. Rowe Price Investment Management, Inc. has disclosed a 1.7% beneficial ownership stake in Range Resources Corp, holding over 4 million common shares.

Summary

• T. Rowe Price Investment Management, Inc. reported beneficial ownership of 4,062,416 shares of Range Resources Corp common stock.
• This stake represents 1.7% of the total class of securities.
• The shares are held with sole voting power and sole dispositive power.
• The filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a previously reported ownership position.
• T. Rowe Price Investment Management, Inc. is classified as an investment adviser.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook. The sentiment is neutral as it simply reports a passive investment stake.

Future Outlook

NA

Management Comments

• T. Rowe Price Investment Management, Inc. certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of the issuer.
• T. Rowe Price Investment Management, Inc. declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

Industry Context

NA

Key Dates

Keywords

Range Resources, T. Rowe Price, RRC, Common Stock, Beneficial Ownership, Investment Management, SEC Filing, Schedule 13G, Institutional Ownership