First Republic Investment Management Inc. Purchases 4,534 Shares of Resolute Energy Corp (NYSE:REN)

First Republic Investment Management Inc. increased its position in shares of Resolute Energy Corp (NYSE:REN) by 4.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,467 shares of the oil and gas exploration company’s stock after acquiring an additional 4,534 shares during the period. First Republic Investment Management Inc. owned about 0.49% of Resolute Energy worth $3,932,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in REN. Dimensional Fund Advisors LP purchased a new stake in shares of Resolute Energy during the third quarter worth $2,640,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Resolute Energy by 15.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 102,610 shares of the oil and gas exploration company’s stock worth $3,230,000 after acquiring an additional 13,974 shares in the last quarter. Boston Partners raised its holdings in shares of Resolute Energy by 52.3% during the fourth quarter. Boston Partners now owns 170,710 shares of the oil and gas exploration company’s stock worth $5,372,000 after acquiring an additional 58,620 shares in the last quarter. Swiss National Bank raised its holdings in shares of Resolute Energy by 9.2% during the fourth quarter. Swiss National Bank now owns 31,000 shares of the oil and gas exploration company’s stock worth $976,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Resolute Energy by 11.1% during the fourth quarter. Wells Fargo & Company MN now owns 47,636 shares of the oil and gas exploration company’s stock worth $1,499,000 after acquiring an additional 4,770 shares in the last quarter.

In other news, CEO Richard F. Betz bought 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The shares were acquired at an average cost of $29.00 per share, with a total value of $101,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicholas J. Sutton sold 55,000 shares of Resolute Energy stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of $33.56, for a total value of $1,845,800.00. The disclosure for this sale can be found here. Company insiders own 11.20% of the company’s stock.



Several equities analysts have commented on REN shares. Northland Securities set a $45.00 target price on shares of Resolute Energy and gave the stock a “buy” rating in a research report on Wednesday, March 14th. SunTrust Banks set a $44.00 target price on shares of Resolute Energy and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Zacks Investment Research raised shares of Resolute Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 3rd. Seaport Global Securities downgraded shares of Resolute Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Finally, Goldman Sachs Group downgraded shares of Resolute Energy from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a research report on Thursday, April 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.11.

Shares of NYSE:REN opened at $30.88 on Friday. The stock has a market capitalization of $751.97 million, a PE ratio of 514.67 and a beta of 3.32. Resolute Energy Corp has a 52-week low of $23.64 and a 52-week high of $38.64. The company has a debt-to-equity ratio of -6.88, a quick ratio of 0.35 and a current ratio of 0.35.

Resolute Energy (NYSE:REN) last issued its quarterly earnings results on Monday, May 7th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.28). The business had revenue of $74.70 million during the quarter, compared to analyst estimates of $73.17 million. Resolute Energy had a negative net margin of 5.72% and a negative return on equity of 37.53%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 earnings per share. sell-side analysts predict that Resolute Energy Corp will post 2.91 earnings per share for the current year.

Resolute Energy Company 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.

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

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