Nationwide Fund Advisors Increases Holdings in Resolute Energy Corporation (REN)

Nationwide Fund Advisors boosted its holdings in shares of Resolute Energy Corporation (NYSE:REN) by 72.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,450 shares of the oil and gas exploration company’s stock after acquiring an additional 7,755 shares during the quarter. Nationwide Fund Advisors owned 0.08% of Resolute Energy Corporation worth $549,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in REN. Wells Fargo & Company MN lifted its holdings in shares of Resolute Energy Corporation by 2.6% during the 1st quarter. Wells Fargo & Company MN now owns 3,079 shares of the oil and gas exploration company’s stock valued at $124,000 after buying an additional 79 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of Resolute Energy Corporation during the 1st quarter valued at about $218,000. California Public Employees Retirement System lifted its holdings in shares of Resolute Energy Corporation by 17.5% during the 1st quarter. California Public Employees Retirement System now owns 14,800 shares of the oil and gas exploration company’s stock valued at $598,000 after buying an additional 2,200 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Resolute Energy Corporation by 53.5% during the 1st quarter. Vanguard Group Inc. now owns 1,022,623 shares of the oil and gas exploration company’s stock valued at $41,313,000 after buying an additional 356,237 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Resolute Energy Corporation by 41.4% during the 1st quarter. Geode Capital Management LLC now owns 111,875 shares of the oil and gas exploration company’s stock valued at $4,519,000 after buying an additional 32,768 shares during the last quarter. Institutional investors and hedge funds own 94.16% of the company’s stock.

Resolute Energy Corporation (NYSE:REN) last posted its quarterly earnings data on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.25. The firm had revenue of $71.06 million for the quarter, compared to the consensus estimate of $77.09 million. The firm’s quarterly revenue was up 100.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($2.44) earnings per share.

Several equities research analysts have recently issued reports on REN shares. Imperial Capital reiterated a “buy” rating and set a $50.00 price target on shares of Resolute Energy Corporation in a report on Monday, September 18th. BMO Capital Markets set a $35.00 price target on Resolute Energy Corporation and gave the company a “hold” rating in a report on Tuesday, October 24th. Goldman Sachs Group, Inc. (The) upgraded Resolute Energy Corporation from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a report on Thursday, October 19th. They noted that the move was a valuation call. Zacks Investment Research upgraded Resolute Energy Corporation from a “strong sell” rating to a “hold” rating in a report on Saturday, August 12th. Finally, Northland Securities set a $60.00 price target on Resolute Energy Corporation and gave the company a “buy” rating in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $48.23.

In related news, Director James E. Duffy sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $30.44, for a total transaction of $76,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.30% of the company’s stock.

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About Resolute Energy Corporation

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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