First Mercantile Trust Co. lowered its position in shares of Resolute Energy Corporation (NYSE:REN) by 25.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,394 shares of the oil and gas exploration company’s stock after selling 1,836 shares during the period. First Mercantile Trust Co.’s holdings in Resolute Energy Corporation were worth $161,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position 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 worth $124,000 after buying an additional 79 shares during the period. Bank of America Corp DE boosted its position in shares of Resolute Energy Corporation by 799.4% in the first quarter. Bank of America Corp DE now owns 4,803 shares of the oil and gas exploration company’s stock worth $194,000 after buying an additional 4,269 shares during the period. UBS Asset Management Americas Inc. bought a new position in shares of Resolute Energy Corporation during the first quarter worth approximately $218,000. Tudor Investment Corp ET AL boosted its position in shares of Resolute Energy Corporation by 30.8% in the first 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 during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Resolute Energy Corporation during the first quarter worth approximately $309,000. 89.14% of the stock is currently owned by institutional investors.

Shares of Resolute Energy Corporation (NYSE:REN) opened at 28.24 on Wednesday. The stock has a 50 day moving average price of $30.62 and a 200-day moving average price of $37.64. The company’s market capitalization is $622.89 million. Resolute Energy Corporation has a 12 month low of $15.70 and a 12 month high of $49.14.

Resolute Energy Corporation (NYSE:REN) last released its quarterly earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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. The firm’s quarterly revenue was up 100.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.44) EPS. Analysts expect that Resolute Energy Corporation will post $0.77 earnings per share for the current fiscal year.

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

In other Resolute Energy Corporation news, Director James E. Duffy sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $29.91, for a total value of $37,387.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James E. Duffy sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $30.69, for a total value of $92,070.00. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by insiders.

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).

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

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