Rosehill Resources (ROSE) Major Shareholder Principal Fund L.P. K2 Sells 25,581 Shares

Rosehill Resources (NASDAQ:ROSE) major shareholder Principal Fund L.P. K2 sold 25,581 shares of Rosehill Resources stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $6.86, for a total value of $175,485.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Principal Fund L.P. K2 also recently made the following trade(s):

  • On Thursday, February 8th, Principal Fund L.P. K2 acquired 3,500 shares of Rosehill Resources stock. The stock was purchased at an average cost of $6.39 per share, with a total value of $22,365.00.

ROSE traded down $0.05 during trading hours on Monday, hitting $6.84. The stock had a trading volume of 19,877 shares, compared to its average volume of 29,259. Rosehill Resources has a 1 year low of $5.52 and a 1 year high of $11.69. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.30 and a quick ratio of 0.29.

ROSE has been the subject of several recent research reports. ValuEngine lowered Rosehill Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, February 3rd. Eurobank EFG initiated coverage on Rosehill Resources in a report on Tuesday, March 6th. They issued a “buy” rating and a $12.00 price objective for the company. B. Riley initiated coverage on Rosehill Resources in a report on Monday, February 5th. They issued a “buy” rating and a $9.50 price objective for the company. Finally, Northland Securities initiated coverage on Rosehill Resources in a report on Wednesday, January 17th. They issued an “outperform” rating and a $14.00 price objective for the company.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its holdings in Rosehill Resources by 10.2% in the 4th quarter. Wells Fargo & Company MN now owns 147,808 shares of the company’s stock worth $1,162,000 after acquiring an additional 13,633 shares during the last quarter. BlackRock Inc. grew its holdings in Rosehill Resources by 12.6% during the 4th quarter. BlackRock Inc. now owns 131,055 shares of the company’s stock valued at $1,031,000 after buying an additional 14,619 shares in the last quarter. Finally, Geode Capital Management LLC purchased a new position in Rosehill Resources during the 4th quarter valued at about $406,000. 5.87% of the stock is owned by institutional investors.

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About Rosehill Resources

Rosehill Resources Inc, an independent oil and natural gas company, focuses on the acquisition, exploration, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. As of December 31, 2016, it operated 20 horizontal and 1 vertical wells in the Permian Basin; and 18 vertical and 21 horizontal wells in the Barnett Shale in the Fort Worth Basin.

Insider Buying and Selling by Quarter for Rosehill Resources (NASDAQ:ROSE)

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