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Perbak Capital Partners LLP significantly increased its holdings in Range Resources Corporation (NYSE:RRC) during the third quarter, according to a recent SEC filing. The investment firm lifted its stake in the oil and gas exploration company by 242.3%, adding 23,077 shares to bring its total holdings to 32,602 shares worth $1,227,000.
Why it matters
The substantial increase in Perbak Capital’s position in Range Resources suggests the investment firm sees strong potential in the company’s future performance. As an oil and gas exploration firm focused on the Appalachian Basin, Range Resources’ fortunes are closely tied to commodity prices and production levels in the region.
The details
According to the 13F filing, Perbak Capital Partners increased its holdings in Range Resources by purchasing an additional 23,077 shares during the third quarter. This brought the firm’s total stake in the company to 32,602 shares, up from 9,525 shares held previously. The increased position is now worth $1,227,000, reflecting Range Resources’ stock price of around $37-$38 per share during that time period.
Perbak Capital Partners filed its 13F report for the third quarter of 2026 on March 14, 2026.
The players
Perbak Capital Partners LLP
An investment management firm that focuses on public equities.
Range Resources Corporation
An independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids, with a focus on the Appalachian Basin.
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The takeaway
Perbak Capital Partners’ significant increase in its Range Resources holdings suggests the investment firm sees strong potential in the oil and gas exploration company’s future performance, likely driven by favorable commodity prices and production levels in the Appalachian Basin region.