Resolute Energy Corporation (REN) Position Raised by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. boosted its position in Resolute Energy Corporation (NYSE:REN) by 77.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 667,290 shares of the oil and gas exploration company’s stock after buying an additional 291,195 shares during the quarter. Westwood Holdings Group Inc. owned 3.03% of Resolute Energy Corporation worth $19,865,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Wells Fargo & Company MN lifted its holdings in Resolute Energy Corporation by 2.6% in the 1st quarter. Wells Fargo & Company MN now owns 3,079 shares of the oil and gas exploration company’s stock worth $124,000 after buying an additional 79 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Resolute Energy Corporation by 6.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 7,507 shares of the oil and gas exploration company’s stock worth $223,000 after buying an additional 470 shares in the last quarter. Tudor Investment Corp ET AL lifted its holdings in Resolute Energy Corporation by 30.8% in the 1st quarter. Tudor Investment Corp ET AL now owns 6,539 shares of the oil and gas exploration company’s stock worth $264,000 after buying an additional 1,539 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Resolute Energy Corporation by 17.5% in the 1st quarter. California Public Employees Retirement System now owns 14,800 shares of the oil and gas exploration company’s stock worth $598,000 after buying an additional 2,200 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in Resolute Energy Corporation by 63.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 8,800 shares of the oil and gas exploration company’s stock worth $262,000 after buying an additional 3,400 shares in the last quarter. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Resolute Energy Corporation (REN) traded up 3.48% during midday trading on Friday, hitting $30.00. 1,059,194 shares of the stock traded hands. Resolute Energy Corporation has a 1-year low of $22.27 and a 1-year high of $49.14. The stock’s market cap is $661.71 million. The company has a 50-day moving average of $28.86 and a 200-day moving average of $33.44.

Resolute Energy Corporation (NYSE:REN) last issued its quarterly earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.25. The company had revenue of $71.06 million during the quarter, compared to the consensus estimate of $77.09 million. During the same period last year, the company earned ($2.44) earnings per share. Resolute Energy Corporation’s revenue for the quarter was up 100.8% on a year-over-year basis. On average, equities analysts expect that Resolute Energy Corporation will post $1.13 EPS for the current fiscal year.

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A number of equities analysts have commented on REN shares. BMO Capital Markets set a $38.00 price objective on shares of Resolute Energy Corporation and gave the stock a “buy” rating in a report on Monday, June 26th. Zacks Investment Research lowered shares of Resolute Energy Corporation from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. BidaskClub upgraded shares of Resolute Energy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) started coverage on shares of Resolute Energy Corporation in a report on Monday, July 17th. They issued a “neutral” rating and a $34.00 price objective on the stock. Finally, Northland Securities set a $60.00 price objective on shares of Resolute Energy Corporation and gave the stock a “buy” rating in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $48.23.

In other news, Director James E. Duffy sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $30.44, for a total transaction of $76,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.30% of the stock is owned by corporate insiders.

Resolute Energy Corporation Profile

Resolute Energy Corporation is an independent oil and gas company. The Company is engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. The Company’s assets are located primarily in the Delaware Basin in west Texas (the Permian Properties or Permian Basin Properties) and Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field).

Institutional Ownership by Quarter for Resolute Energy Corporation (NYSE:REN)

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