Jana Partners LLC Takes Position in Resolute Energy Corporation (REN)

Jana Partners LLC purchased a new position in shares of Resolute Energy Corporation (NYSE:REN) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 125,000 shares of the oil and gas exploration company’s stock, valued at approximately $5,050,000.

Several other large investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in Resolute Energy Corporation by 68.9% in the first quarter. Wellington Management Group LLP now owns 3,097,194 shares of the oil and gas exploration company’s stock worth $125,127,000 after buying an additional 1,263,959 shares during the period. Vanguard Group Inc. raised its position in Resolute Energy Corporation by 53.5% in the first quarter. Vanguard Group Inc. now owns 1,022,623 shares of the oil and gas exploration company’s stock worth $41,313,000 after buying an additional 356,237 shares in the last quarter. State Street Corp bought a new position in Resolute Energy Corporation during the fourth quarter worth approximately $41,902,000. FMR LLC bought a new position in Resolute Energy Corporation during the fourth quarter worth approximately $33,505,000. Finally, Monarch Alternative Capital LP bought a new position in Resolute Energy Corporation during the fourth quarter worth approximately $29,863,000. 86.11% of the stock is currently owned by institutional investors.

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

Resolute Energy Corporation (NYSE REN) traded down 5.46% on Friday, reaching $30.47. 1,608,977 shares of the company’s stock traded hands. The firm’s market capitalization is $671.50 million. The firm’s 50 day moving average price is $39.38 and its 200 day moving average price is $40.80. Resolute Energy Corporation has a 52-week low of $2.76 and a 52-week high of $49.14.

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A number of research firms recently commented on REN. SunTrust Banks, Inc. began coverage on shares of Resolute Energy Corporation in a research note on Thursday, June 1st. They set a “buy” rating and a $55.00 price objective on the stock. Barclays PLC raised their price objective on shares of Resolute Energy Corporation to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 15th. KLR Group reiterated a “buy” rating and set a $54.00 price objective on shares of Resolute Energy Corporation in a research note on Wednesday, March 15th. BMO Capital Markets reiterated a “buy” rating and set a $50.00 price objective on shares of Resolute Energy Corporation in a research note on Tuesday, March 14th. Finally, Zacks Investment Research lowered shares of Resolute Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, March 10th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $43.71.

In other Resolute Energy Corporation news, Director William Kemper White sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $42.32, for a total value of $465,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard F. Betz sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $40.96, for a total transaction of $512,000.00. The disclosure for this sale can be found here. Insiders sold 33,500 shares of company stock valued at $1,403,120 in the last ninety days. Insiders own 7.70% of the company’s stock.

Resolute Energy Corporation Company 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).

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