5 Best Stocks Under $30 According to DE Shaw

In this article, we will take a look at the best stocks under $30 according to billionaire D.E. Shaw. If you want to learn about more stocks in DE Shaw’s portfolio then head on to 10 Best Stocks Under $30 According to DE Shaw.

5. Range Resources Corporation (NYSE:RRC)

D.E. Shaw’s Stake Value: $151.8 million

Percentage of D.E. Shaw’s 13F Portfolio: 0.14%

Number of Hedge Fund Holders: 36

Stock Price as of May 25, 2022: $29.86

Range Resources Corporation (NYSE:RRC) is an American oil and gas company headquartered in Fort Worth, Texas. The company owns more than a thousand production wells in the U.S. and it sells natural gas to a wide variety of firms ranging from marketing companies to utilities.

D.E. Shaw owned 4.9 million Range Resources Corporation (NYSE:RRC) shares as the first quarter of this year came to an end. These were worth $151.8 million and constituted 0.14% of its investment portfolio. This also made the firm Range Resources Corporation (NYSE:RRC)’s largest investor. Insider Monkey researched 912 hedge funds for 2022’s first quarter to find out that 36 had also invested in the company.

Range Resources Corporation (NYSE:RRC) raked in $180 million in revenue and$1.18 in non-GAAP EPS for its first fiscal quarter, meeting analyst EPS estimates. Susquehanna raised its price target to $34 from $24 in April 2022, highlighting that the raise was part of updated forecasts for the oil and gas sector.

Range Resources Corporation (NYSE:RRC)’s second largest investor is Stephen Mildenhall’s Contrarius Investment Management which owns 3.3 million shares that are worth $100 million.