Insider Selling: Ring Energy, Inc. (NYSEAMERICAN:REI) Major Shareholder Sells 554,102 Shares of Stock

Ring Energy, Inc. (NYSEAMERICAN:REI) major shareholder Warburg Pincus (E&P) Xii Llc sold 554,102 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $0.84, for a total transaction of $465,445.68. Following the transaction, the insider now owns 27,001,405 shares in the company, valued at approximately $22,681,180.20. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Warburg Pincus (E&P) Xii Llc also recently made the following trade(s):

• On Monday, May 19th, Warburg Pincus (E&P) Xii Llc sold 193,940 shares of Ring Energy stock. The shares were sold at an average price of $0.82, for a total transaction of $159,030.80.
• On Friday, May 16th, Warburg Pincus (E&P) Xii Llc sold 406,408 shares of Ring Energy stock. The shares were sold at an average price of $0.81, for a total transaction of $329,190.48.
• On Tuesday, May 13th, Warburg Pincus (E&P) Xii Llc sold 634,481 shares of Ring Energy stock. The shares were sold at an average price of $0.91, for a total transaction of $577,377.71.
• On Wednesday, May 14th, Warburg Pincus (E&P) Xii Llc sold 455,655 shares of Ring Energy stock. The shares were sold at an average price of $0.89, for a total transaction of $405,532.95.
• On Monday, May 12th, Warburg Pincus (E&P) Xii Llc sold 300,000 shares of Ring Energy stock. The shares were sold at an average price of $0.90, for a total transaction of $270,000.00.
• On Monday, February 24th, Warburg Pincus (E&P) Xii Llc sold 6,575,000 shares of Ring Energy stock. The shares were sold at an average price of $1.23, for a total transaction of $8,087,250.00.

Ring Energy Stock Performance

Shares of NYSEAMERICAN:REI traded up $0.01 on Monday, hitting $0.83. 1,867,289 shares of the company were exchanged, compared to its average volume of 1,874,830. Ring Energy, Inc. has a 1-year low of $0.78 and a 1-year high of $2.06. The stock’s 50 day moving average price is $0.98 and its 200 day moving average price is $1.32. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $164.51 million, a P/E ratio of 1.46 and a beta of 1.55.

Wall Street Analyst Weigh In

REI has been the subject of several recent analyst reports. Alliance Global Partners restated a “buy” rating on shares of Ring Energy in a research note on Friday, March 7th. Industrial Alliance Securities set a $2.50 target price on shares of Ring Energy in a research note on Friday, March 7th.

Institutional Investors Weigh In On Ring Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mraz Amerine & Associates Inc. acquired a new stake in shares of Ring Energy during the fourth quarter worth $27,000. Arkadios Wealth Advisors lifted its position in Ring Energy by 97.7% during the first quarter. Arkadios Wealth Advisors now owns 23,429 shares of the company’s stock valued at $27,000 after purchasing an additional 11,579 shares during the period. Tower Research Capital LLC TRC lifted its position in Ring Energy by 204.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 26,187 shares of the company’s stock valued at $36,000 after purchasing an additional 17,574 shares during the period. CWM LLC lifted its position in Ring Energy by 99.3% during the first quarter. CWM LLC now owns 27,773 shares of the company’s stock valued at $32,000 after purchasing an additional 13,840 shares during the period. Finally, Ullmann Wealth Partners Group LLC lifted its position in Ring Energy by 95.2% during the first quarter. Ullmann Wealth Partners Group LLC now owns 28,698 shares of the company’s stock valued at $33,000 after purchasing an additional 13,996 shares during the period. 77.14% of the stock is currently owned by institutional investors and hedge funds.

About Ring Energy

Ring Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. The company has interests in 56,711 net developed acres and 2,668 net undeveloped acres in Andrews, Gaines, Crane, Ector, Winkler, and Ward counties, Texas; and 8,751 net developed acres and 12,405 net undeveloped acres in Yoakum County, Texas and Lea County, New Mexico.