UBS Asset Management Americas Inc. increased its holdings in shares of Resolute Energy Corporation (NYSE:REN) by 63.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,800 shares of the oil and gas exploration company’s stock after purchasing an additional 3,400 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Resolute Energy Corporation were worth $262,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Franklin Resources Inc. grew its stake in shares of Resolute Energy Corporation by 32.0% during the 2nd quarter. Franklin Resources Inc. now owns 1,719,287 shares of the oil and gas exploration company’s stock worth $51,182,000 after acquiring an additional 416,802 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Resolute Energy Corporation by 53.5% during the 1st quarter. Vanguard Group Inc. now owns 1,022,623 shares of the oil and gas exploration company’s stock worth $41,313,000 after acquiring an additional 356,237 shares in the last quarter. Caymus Capital Partners L.P. grew its stake in shares of Resolute Energy Corporation by 82.2% during the 2nd quarter. Caymus Capital Partners L.P. now owns 746,900 shares of the oil and gas exploration company’s stock worth $22,235,000 after acquiring an additional 336,900 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Resolute Energy Corporation by 1,504.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 196,013 shares of the oil and gas exploration company’s stock worth $7,919,000 after acquiring an additional 183,798 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of Resolute Energy Corporation during the 2nd quarter worth approximately $4,823,000. 94.16% of the stock is owned by institutional investors and hedge funds.

Resolute Energy Corporation (NYSE:REN) last announced its quarterly earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.25. The company had revenue of $71.06 million for the quarter, compared to the consensus estimate of $77.09 million. During the same quarter last year, the company posted ($2.44) EPS. The company’s quarterly revenue was up 100.8% compared to the same quarter last year.

Several brokerages have recently weighed in on REN. KLR Group reaffirmed a “buy” rating and set a $64.00 price target (up from $60.00) on shares of Resolute Energy Corporation in a research note on Friday, September 15th. BidaskClub cut shares of Resolute Energy Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research cut shares of Resolute Energy Corporation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th. ValuEngine downgraded Resolute Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Finally, Northland Securities set a $60.00 price objective on Resolute Energy Corporation and gave the company a “buy” rating in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Resolute Energy Corporation currently has an average rating of “Hold” and an average price target of $48.23.

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In related news, Director James E. Duffy sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $30.44, for a total transaction of $76,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.30% of the company’s stock.

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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