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FORT WORTH, Texas—Mark Scucchi, Executive Vice President and Chief Financial Officer of Range Resources Corp . (NYSE:RRC), a $9.7 billion market cap energy company trading near its 52-week high of $41.95, recently executed significant stock sales. On March 20, 2025, Scucchi sold a total of 105,136 shares of Range Resources common stock, amounting to approximately $4.23 million. The sale prices ranged from $40.1455 to $40.27 per share. According to InvestingPro data, the stock has delivered an impressive 32% return over the past six months, with analysts setting price targets ranging from $22.55 to $53.
The transactions included a sale of 45,142 shares linked to a mandatory distribution from the 2004 Deferred Compensation Plan and its associated taxes, as noted in the filing. Following these transactions, Scucchi retains a direct ownership of 690,094 shares and indirect holdings in various accounts, including a 401K and an IRA.
As of the same date, Scucchi also holds 156,502 Performance Share Units, which remain unaffected by these transactions.
In other recent news, Range Resources Corporation reported mixed results for the fourth quarter of 2024. The company exceeded earnings expectations with an EPS of $0.68, surpassing the forecasted $0.58, but fell short on revenue, reporting $626.42 million against a projected $693.27 million. Benchmark analysts maintained a Hold rating on Range Resources, forecasting an EPS of $0.92 for the first quarter, slightly above the consensus estimate. In a strategic move, Range Resources increased its quarterly dividend by 12.5% to $0.09 per share, reflecting a commitment to shareholder value. The company also appointed Christian S. Kendall, former CEO of Denbury Inc., to its Board of Directors, enhancing its governance and strategic capabilities. JPMorgan raised its price target for Range Resources to $43.00, maintaining an Underweight rating, and noted the company’s advantageous tax position, which is expected to improve cash flows significantly. Range Resources plans to invest $670 million in capital expenditures for 2025, aiming for modest production growth. The company’s strategic focus includes utilizing its extensive inventory and newly acquired transportation capacities to support future growth.
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