Tokio Marine Asset Management Co. Ltd. Acquires Shares of 11,500 Resolute Energy Corp (REN)

Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Resolute Energy Corp (NYSE:REN) during the first quarter, Holdings Channel reports. The firm acquired 11,500 shares of the oil and gas exploration company’s stock, valued at approximately $465,000. Tokio Marine Asset Management Co. Ltd. owned 0.05% of Resolute Energy Corp at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in REN. New York State Common Retirement Fund acquired a new position in Resolute Energy Corp during the third quarter worth $2,807,000. Acrospire Investment Management LLC raised its position in Resolute Energy Corp by 125.0% in the third quarter. Acrospire Investment Management LLC now owns 4,500 shares of the oil and gas exploration company’s stock worth $117,000 after buying an additional 2,500 shares during the period. Scoria Capital Partners LP acquired a new position in Resolute Energy Corp during the third quarter worth $652,000. Jane Street Group LLC acquired a new position in Resolute Energy Corp during the third quarter worth $1,247,000. Finally, Penn Capital Management Co. Inc. acquired a new position in Resolute Energy Corp during the third quarter worth $3,482,000. 46.06% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Resolute Energy Corp (NYSE:REN) traded up 8.80% during mid-day trading on Friday, hitting $44.00. 791,206 shares of the stock traded hands. Resolute Energy Corp has a 1-year low of $2.70 and a 1-year high of $49.14. The company’s market capitalization is $969.67 million. The company’s 50-day moving average price is $40.78 and its 200 day moving average price is $39.41.

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REN has been the topic of a number of recent research reports. Barclays PLC dropped their price objective on shares of Resolute Energy Corp to $32.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 24th. Zacks Investment Research raised shares of Resolute Energy Corp from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Wednesday, February 1st. BMO Capital Markets reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Resolute Energy Corp in a research note on Tuesday, March 14th. Finally, KLR Group reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Resolute Energy Corp in a research note on Wednesday, March 15th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Resolute Energy Corp currently has a consensus rating of “Buy” and a consensus price target of $42.58.

About Resolute Energy Corp

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).

5 Day Chart for NYSE:REN

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