K2 Principal Fund L.P. decreased its stake in Rosehill Resources Inc (NASDAQ:ROSE) by 20.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 457,115 shares of the company’s stock after selling 120,751 shares during the quarter. K2 Principal Fund L.P.’s holdings in Rosehill Resources were worth $3,234,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Rosehill Resources in the third quarter valued at about $1,140,000. BlackRock Inc. grew its position in shares of Rosehill Resources by 12.6% in the fourth quarter. BlackRock Inc. now owns 131,055 shares of the company’s stock valued at $1,031,000 after purchasing an additional 14,619 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Rosehill Resources by 10.2% in the fourth quarter. Wells Fargo & Company MN now owns 147,808 shares of the company’s stock valued at $1,162,000 after purchasing an additional 13,633 shares during the period. Institutional investors and hedge funds own 5.61% of the company’s stock.
ROSE has been the topic of several research analyst reports. ValuEngine lowered shares of Rosehill Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Northland Securities began coverage on shares of Rosehill Resources in a research report on Wednesday, January 17th. They set an “outperform” rating and a $14.00 price target on the stock. Finally, B. Riley began coverage on shares of Rosehill Resources in a research report on Monday, February 5th. They set a “buy” rating and a $9.50 price target on the stock.
Rosehill Resources Inc (ROSE) opened at $7.13 on Monday. Rosehill Resources Inc has a 52-week low of $5.52 and a 52-week high of $11.69. The company has a quick ratio of 0.29, a current ratio of 0.30 and a debt-to-equity ratio of 0.99.
Rosehill Resources Profile
Rosehill Resources Inc, formerly KLR Energy Acquisition Corp., is an oil and gas exploration company. The Company is focused on the Delaware Basin portion of the Permian Basin. It has nearly 5,000 net acres with approximately 80% held by production and drilling locations. Its drilling locations are located across ten distinct benches.
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