Voya Investment Management LLC Invests $302,000 in Resolute Energy Corporation (REN)

Voya Investment Management LLC purchased a new stake in shares of Resolute Energy Corporation (NYSE:REN) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,138 shares of the oil and gas exploration company’s stock, valued at approximately $302,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in shares of Resolute Energy Corporation by 2.6% during the first quarter. Wells Fargo & Company MN now owns 3,079 shares of the oil and gas exploration company’s stock valued at $124,000 after purchasing an additional 79 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Resolute Energy Corporation by 6.7% during the second quarter. Parametric Portfolio Associates LLC now owns 7,507 shares of the oil and gas exploration company’s stock valued at $223,000 after purchasing an additional 470 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in shares of Resolute Energy Corporation by 30.8% during the first quarter. Tudor Investment Corp ET AL now owns 6,539 shares of the oil and gas exploration company’s stock valued at $264,000 after purchasing an additional 1,539 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Resolute Energy Corporation by 17.5% during the first quarter. California Public Employees Retirement System now owns 14,800 shares of the oil and gas exploration company’s stock valued at $598,000 after purchasing an additional 2,200 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Resolute Energy Corporation by 63.0% during the second quarter. UBS Asset Management Americas Inc. now owns 8,800 shares of the oil and gas exploration company’s stock valued at $262,000 after purchasing an additional 3,400 shares in the last quarter. Institutional investors own 93.45% of the company’s stock.

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In other 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 7.30% of the company’s stock.

Several equities research analysts have commented on REN shares. KLR Group reissued a “buy” rating and issued a $64.00 target price (up from $60.00) on shares of Resolute Energy Corporation in a report on Friday, September 15th. Goldman Sachs Group, Inc. (The) raised Resolute Energy Corporation from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Thursday, October 19th. They noted that the move was a valuation call. ValuEngine downgraded Resolute Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Zacks Investment Research raised Resolute Energy Corporation from a “strong sell” rating to a “hold” rating in a report on Saturday, August 12th. Finally, BidaskClub downgraded Resolute Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $48.23.

Resolute Energy Corporation (REN) opened at $26.52 on Wednesday. The company has a debt-to-equity ratio of -8.75, a quick ratio of 0.42 and a current ratio of 0.42. Resolute Energy Corporation has a 1-year low of $23.64 and a 1-year high of $49.14.

Resolute Energy Corporation (NYSE:REN) last announced its quarterly earnings results on Monday, November 6th. The oil and gas exploration company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.21). The firm had revenue of $81.60 million during the quarter, compared to analysts’ expectations of $86.76 million. Resolute Energy Corporation’s quarterly revenue was up 72.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.24) earnings per share. research analysts predict that Resolute Energy Corporation will post 0.61 earnings per share for the current year.

Resolute Energy Corporation Profile

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).

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

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