Resolute Energy Corp (REN) Shares Bought by Boston Partners
Boston Partners lifted its holdings in Resolute Energy Corp (NYSE:REN) by 52.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 170,710 shares of the oil and gas exploration company’s stock after acquiring an additional 58,620 shares during the quarter. Boston Partners’ holdings in Resolute Energy were worth $5,372,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Legal & General Group Plc purchased a new position in shares of Resolute Energy in the 2nd quarter worth approximately $168,000. Parametric Portfolio Associates LLC boosted its stake in shares of Resolute Energy by 6.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 7,507 shares of the oil and gas exploration company’s stock worth $223,000 after buying an additional 470 shares during the last quarter. Brown Advisory Inc. purchased a new position in shares of Resolute Energy in the 3rd quarter worth approximately $233,000. UBS Asset Management Americas Inc. boosted its stake in shares of Resolute Energy by 63.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 8,800 shares of the oil and gas exploration company’s stock worth $262,000 after buying an additional 3,400 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Resolute Energy in the 3rd quarter worth approximately $270,000.
In related news, insider Nicholas J. Sutton sold 9,999 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $27.29, for a total value of $272,872.71. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James E. Duffy sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $26.64, for a total value of $39,960.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,999 shares of company stock worth $559,458. 7.30% of the stock is owned by company insiders.
REN has been the topic of a number of research analyst reports. Goldman Sachs Group upgraded Resolute Energy from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Thursday, October 19th. They noted that the move was a valuation call. BMO Capital Markets set a $35.00 target price on Resolute Energy and gave the stock a “hold” rating in a research note on Tuesday, October 24th. SunTrust Banks restated a “buy” rating on shares of Resolute Energy in a research note on Friday, November 10th. Northland Securities set a $50.00 target price on Resolute Energy and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, Barclays reiterated an “overweight” rating and issued a $37.00 price objective on shares of Resolute Energy in a research note on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Resolute Energy currently has a consensus rating of “Hold” and an average target price of $44.22.
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About Resolute Energy
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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