Phocas Financial Reduces Stake in Range Resources Corporation

Oil and gas exploration company sees institutional investor sell off shares

Apr. 6, 2026 at 10:41am

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Phocas Financial Corp. reduced its stake in shares of Range Resources Corporation (NYSE:RRC) by 22.8% in the 4th quarter, according to the company's recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor now owns 127,167 shares of the oil and gas exploration company's stock, down from 164,816 shares previously.

Why it matters

This filing indicates a shift in institutional investor sentiment towards Range Resources, a major player in the Appalachian Basin's natural gas production. The reduction in Phocas Financial's stake could signal broader concerns about the company's performance or the energy sector outlook.

The details

Phocas Financial Corp. sold 37,649 shares of Range Resources in the fourth quarter, reducing its total position to 127,167 shares. The institutional investor now owns about 0.05% of Range Resources' outstanding stock, which was valued at $4.48 million at the end of the quarter.

  • Phocas Financial filed its 13F report for the 4th quarter of 2025 on April 6, 2026.
  • The shares were sold during the 4th quarter of 2025.

The players

Phocas Financial Corp.

An institutional investment firm that reduced its stake in Range Resources Corporation.

Range Resources Corporation

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

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The takeaway

This reduction in Phocas Financial's stake in Range Resources could signal broader concerns about the energy company's outlook or the overall energy sector performance. Investors will be watching to see if other institutional investors follow suit or if Range Resources can regain their confidence.