Private Wealth Advisors LLC Cuts Range Resources Stake

Hedge fund reduces position in oil and gas exploration company by over 50%

Mar. 19, 2026 at 9:38am

Got story updates? Submit your updates here. ›

Private Wealth Advisors LLC, a financial advisory firm, decreased its stake in Range Resources Corporation (NYSE: RRC) by 53.5% in the third quarter, according to a recent SEC filing. The firm now owns 42,585 shares of the oil and gas exploration company's stock, down from 91,629 shares previously.

Why it matters

Range Resources is a major player in the Appalachian Basin's natural gas production, so changes in institutional ownership of the stock can signal shifts in sentiment around the company and the broader energy sector.

The details

According to the 13F filing, Private Wealth Advisors sold 49,044 shares of Range Resources during the third quarter. The firm cited portfolio rebalancing and a more cautious outlook on the energy industry as reasons for the reduced position. Range Resources' stock price has fluctuated in recent months amid volatility in commodity prices and the broader market.

  • Private Wealth Advisors filed its 13F report for the third quarter of 2026 on March 19, 2026.

The players

Private Wealth Advisors LLC

A financial advisory firm that manages investments for private clients.

Range Resources Corporation

An independent energy company focused on natural gas, oil, and natural gas liquids exploration and production in the Appalachian Basin.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Private Wealth Advisors' stake in Range Resources reflects broader caution around the energy sector, which has faced headwinds from volatile commodity prices and uncertain economic conditions. However, Range Resources remains a key player in the Appalachian natural gas market, and changes in institutional ownership of the stock will continue to be closely watched by investors and analysts.