Cetera Advisors LLC Sells 50,185 Shares of Roan Resources Inc (OTCMKTS:ROAN)

Cetera Advisors LLC lessened its holdings in Roan Resources Inc (OTCMKTS:ROAN) by 26.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,367 shares of the company’s stock after selling 50,185 shares during the period. Cetera Advisors LLC owned approximately 0.09% of Roan Resources worth $252,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. First Republic Investment Management Inc. acquired a new stake in shares of Roan Resources during the second quarter worth approximately $25,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Roan Resources during the second quarter worth approximately $48,000. Resource Management LLC acquired a new stake in shares of Roan Resources during the second quarter worth approximately $56,000. Parallel Advisors LLC acquired a new stake in shares of Roan Resources during the first quarter worth approximately $57,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Roan Resources by 5,928.8% during the second quarter. Wells Fargo & Company MN now owns 34,364 shares of the company’s stock worth $59,000 after buying an additional 33,794 shares in the last quarter.

Separately, Zacks Investment Research lowered shares of Roan Resources from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th.

Shares of ROAN stock opened at $1.36 on Thursday. Roan Resources Inc has a 52-week low of $1.00 and a 52-week high of $19.05. The firm’s 50 day moving average price is $1.17 and its two-hundred day moving average price is $3.30.

Roan Resources (OTCMKTS:ROAN) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $134.17 million for the quarter, compared to the consensus estimate of $108.18 million.

About Roan Resources

Linn Energy, Inc, through its equity interest in Roan Resources LLC, engages in the acquisition, exploration, and development of unconventional oil and natural gas reserves. It holds interests in various assets that cover approximately 150,000 net acres located in Merge, SCOOP, and STACK plays of the Anadarko Basin in Oklahoma.

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Institutional Ownership by Quarter for Roan Resources (OTCMKTS:ROAN)

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