Capital Fund Management S.A. Increases Holdings in Resolute Energy Corp (REN)
Capital Fund Management S.A. raised its holdings in shares of Resolute Energy Corp (NYSE:REN) by 1,465.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 103,708 shares of the oil and gas exploration company’s stock after buying an additional 97,083 shares during the quarter. Capital Fund Management S.A.’s holdings in Resolute Energy were worth $3,236,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in REN. LPL Financial LLC acquired a new stake in Resolute Energy during the 1st quarter valued at approximately $247,000. ETRADE Capital Management LLC purchased a new position in shares of Resolute Energy during the 1st quarter valued at approximately $400,000. Brown Advisory Inc. increased its holdings in shares of Resolute Energy by 90.1% during the 1st quarter. Brown Advisory Inc. now owns 18,805 shares of the oil and gas exploration company’s stock valued at $652,000 after purchasing an additional 8,911 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Resolute Energy by 1,429.1% during the 1st quarter. Sei Investments Co. now owns 24,665 shares of the oil and gas exploration company’s stock valued at $854,000 after purchasing an additional 23,052 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of Resolute Energy during the 1st quarter valued at approximately $907,000.
Separately, ValuEngine raised shares of Resolute Energy from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $43.11.
Resolute Energy (NYSE:REN) last posted its earnings results on Monday, August 6th. The oil and gas exploration company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.26). The firm had revenue of $73.38 million for the quarter, compared to analysts’ expectations of $76.24 million. Resolute Energy had a negative net margin of 10.99% and a negative return on equity of 16.12%. Resolute Energy’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share. analysts expect that Resolute Energy Corp will post 2.19 earnings per share for the current fiscal year.
In related news, Director James E. Duffy sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $30.54, for a total value of $30,540.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Duffy sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $33.65, for a total transaction of $67,300.00. The disclosure for this sale can be found here. In the last three months, insiders sold 3,328 shares of company stock valued at $107,965. 11.20% of the stock is owned by insiders.
Resolute Energy 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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