Rhumbline Advisers Acquires 9,488 Shares of RESOLUTE ENERGY/SH NEW (REN)

Rhumbline Advisers increased its holdings in shares of RESOLUTE ENERGY/SH NEW (NYSE:REN) by 42.6% during the fourth quarter, Holdings Channel reports. The fund owned 31,738 shares of the oil and gas exploration company’s stock after buying an additional 9,488 shares during the period. Rhumbline Advisers’ holdings in RESOLUTE ENERGY/SH NEW were worth $920,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its stake in shares of RESOLUTE ENERGY/SH NEW by 0.3% in the 3rd quarter. BlackRock Inc. now owns 1,476,348 shares of the oil and gas exploration company’s stock valued at $55,820,000 after acquiring an additional 4,507 shares during the period. Vanguard Group Inc raised its stake in shares of RESOLUTE ENERGY/SH NEW by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 865,251 shares of the oil and gas exploration company’s stock valued at $32,715,000 after acquiring an additional 14,109 shares during the period. Vanguard Group Inc. raised its stake in shares of RESOLUTE ENERGY/SH NEW by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 865,251 shares of the oil and gas exploration company’s stock valued at $32,715,000 after acquiring an additional 14,109 shares during the period. United Services Automobile Association raised its stake in shares of RESOLUTE ENERGY/SH NEW by 6.9% in the 3rd quarter. United Services Automobile Association now owns 463,281 shares of the oil and gas exploration company’s stock valued at $17,517,000 after acquiring an additional 29,730 shares during the period. Finally, Northern Trust Corp raised its stake in shares of RESOLUTE ENERGY/SH NEW by 2.6% in the 2nd quarter. Northern Trust Corp now owns 255,565 shares of the oil and gas exploration company’s stock valued at $7,974,000 after acquiring an additional 6,411 shares during the period.

A number of equities research analysts have recently issued reports on REN shares. Capital One Financial downgraded shares of RESOLUTE ENERGY/SH NEW from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. Johnson Rice downgraded shares of RESOLUTE ENERGY/SH NEW to a “hold” rating and set a $36.00 target price on the stock. in a research note on Sunday, December 16th. Northland Securities downgraded shares of RESOLUTE ENERGY/SH NEW from an “outperform” rating to a “hold” rating and set a $35.00 target price on the stock. in a research note on Monday, December 10th. Zacks Investment Research raised shares of RESOLUTE ENERGY/SH NEW from a “strong sell” rating to a “hold” rating in a research note on Saturday, December 1st. Finally, SunTrust Banks set a $36.00 target price on shares of RESOLUTE ENERGY/SH NEW and gave the stock a “hold” rating in a research note on Tuesday, November 27th. One research analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.00.

Shares of REN opened at $30.91 on Friday. RESOLUTE ENERGY/SH NEW has a fifty-two week low of $24.60 and a fifty-two week high of $39.28. The company has a market cap of $715.88 million, a P/E ratio of 41.61 and a beta of 3.20.

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RESOLUTE ENERGY/SH NEW Profile

Resolute Energy Corporation, an independent oil and gas company, engages in the acquisition, exploitation, exploration for, and development of oil and gas properties in the United States. Its principal project area is located in the Delaware Basin portion of the Permian Basin, Reeves County. As of December 31, 2017, it had interests in approximately 27,100 gross acres located in the Permian Basin of Texas; and its estimated net proved reserves were approximately 53.4 million barrels of oil equivalent.

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Institutional Ownership by Quarter for RESOLUTE ENERGY/SH NEW (NYSE:REN)

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