Resolute Forest Products (NYSE:RFP) (TSE:RFP) saw unusually large options trading activity on Thursday. Traders acquired 799 call options on the company. This represents an increase of approximately 995% compared to the average volume of 73 call options.

A number of equities research analysts recently weighed in on the stock. CIBC lowered shares of Resolute Forest Products from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, September 19th. TD Securities lowered their target price on shares of Resolute Forest Products from $14.00 to $13.50 and set a “hold” rating on the stock in a report on Friday, November 2nd. Finally, Royal Bank of Canada upped their price objective on shares of Resolute Forest Products from $13.00 to $14.00 and gave the stock a “sector perform” rating in a research report on Friday, November 2nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Resolute Forest Products currently has an average rating of “Hold” and an average target price of $12.88.

In related news, SVP John Lafave sold 12,500 shares of the company’s stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $9.40, for a total value of $117,500.00. Following the sale, the senior vice president now owns 87,556 shares in the company, valued at approximately $823,026.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Resolute Forest Products by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 5,570,096 shares of the basic materials company’s stock worth $72,132,000 after purchasing an additional 145,885 shares in the last quarter. Vanguard Group Inc grew its position in shares of Resolute Forest Products by 2.7% during the 3rd quarter. Vanguard Group Inc now owns 5,570,096 shares of the basic materials company’s stock valued at $72,132,000 after acquiring an additional 145,885 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Resolute Forest Products by 7.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,122,593 shares of the basic materials company’s stock valued at $53,390,000 after acquiring an additional 271,160 shares during the period. Acadian Asset Management LLC grew its position in shares of Resolute Forest Products by 43.2% during the 3rd quarter. Acadian Asset Management LLC now owns 2,462,276 shares of the basic materials company’s stock valued at $31,886,000 after acquiring an additional 742,825 shares during the period. Finally, BlackRock Inc. grew its position in shares of Resolute Forest Products by 0.5% during the 3rd quarter. BlackRock Inc. now owns 1,849,594 shares of the basic materials company’s stock valued at $23,952,000 after acquiring an additional 8,297 shares during the period. 91.48% of the stock is owned by institutional investors and hedge funds.

Shares of RFP stock opened at $9.39 on Friday. Resolute Forest Products has a 52-week low of $7.27 and a 52-week high of $15.75. The company has a quick ratio of 1.59, a current ratio of 2.56 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $819.95 million, a price-to-earnings ratio of 4.36 and a beta of 1.18.

Resolute Forest Products (NYSE:RFP) (TSE:RFP) last issued its quarterly earnings data on Thursday, November 1st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.34. Resolute Forest Products had a net margin of 5.70% and a return on equity of 11.49%. The business had revenue of $974.00 million during the quarter. During the same period in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis.

The company also recently disclosed a dividend, which was paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th were given a $1.50 dividend. The ex-dividend date of this dividend was Wednesday, December 5th.

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About Resolute Forest Products

Resolute Forest Products Inc operates in the forest products industry in the United States, Canada, Mexico, and internationally. The company operates in five segments: Market Pulp, Tissue, Wood Products, Newsprint, and Specialty Papers. The Market Pulp segment offers market, recycled bleached Kraft, and bleached hardwood Kraft pulp used to make a range of consumer products, including tissue, packaging, specialty paper products, diapers, and other absorbent products.

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