Vanguard Group Inc. boosted its stake in shares of Resolute Energy Corporation (NYSE:REN) by 53.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,022,623 shares of the oil and gas exploration company’s stock after buying an additional 356,237 shares during the period. Vanguard Group Inc.’s holdings in Resolute Energy Corporation were worth $41,313,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of REN. Wells Fargo & Company MN increased its stake in shares of Resolute Energy Corporation by 2.6% in the first 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. California Public Employees Retirement System increased its stake in shares of Resolute Energy Corporation by 17.5% in the first 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. UBS Asset Management Americas Inc. purchased a new stake in shares of Resolute Energy Corporation during the first quarter valued at $218,000. First Mercantile Trust Co. purchased a new stake in shares of Resolute Energy Corporation during the first quarter valued at $292,000. Finally, Beddow Capital Management Inc. increased its stake in shares of Resolute Energy Corporation by 102.8% in the first quarter. Beddow Capital Management Inc. now owns 14,550 shares of the oil and gas exploration company’s stock valued at $588,000 after buying an additional 7,375 shares during the last quarter. 86.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of Resolute Energy Corporation (NYSE:REN) traded down 0.71% during mid-day trading on Friday, hitting $28.01. 647,103 shares of the company traded hands. Resolute Energy Corporation has a 52-week low of $14.00 and a 52-week high of $49.14. The firm’s market cap is $617.82 million. The firm has a 50-day moving average price of $30.95 and a 200 day moving average price of $38.56.

Resolute Energy Corporation (NYSE:REN) last posted its quarterly earnings data on Monday, August 7th. The oil and gas exploration company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.25. The firm had revenue of $71.06 million for the quarter, compared to analysts’ expectations of $77.09 million. During the same period in the prior year, the company posted ($2.44) earnings per share. Resolute Energy Corporation’s quarterly revenue was up 100.8% compared to the same quarter last year. Equities research analysts anticipate that Resolute Energy Corporation will post $1.00 EPS for the current fiscal year.

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Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Resolute Energy Corporation from a “strong sell” rating to a “hold” rating in a report on Saturday. BMO Capital Markets set a $38.00 target price on shares of Resolute Energy Corporation and gave the company a “buy” rating in a report on Monday, June 26th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Resolute Energy Corporation in a report on Monday, July 17th. They issued a “neutral” rating and a $34.00 target price on the stock. BidaskClub raised shares of Resolute Energy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Imperial Capital assumed coverage on shares of Resolute Energy Corporation in a report on Tuesday, July 18th. They issued an “outperform” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. Resolute Energy Corporation currently has an average rating of “Buy” and an average target price of $43.45.

In other Resolute Energy Corporation news, SVP Bob D. Brady, Jr. sold 10,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $42.56, for a total transaction of $425,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard F. Betz sold 12,500 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $40.96, for a total transaction of $512,000.00. The disclosure for this sale can be found here. Insiders have sold 37,750 shares of company stock valued at $1,532,578 over the last ninety days. Insiders own 7.30% of the company’s stock.

Resolute Energy Corporation Company 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).

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

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