Ring Energy, Inc. (NYSEAMERICAN:REI) Major Shareholder Sells $528,427.80 in Stock

Ring Energy, Inc. (NYSEAMERICAN:REI) major shareholder Warburg Pincus (E&P) Xii Llc sold 652,380 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $0.81, for a total transaction of $528,427.80. Following the completion of the transaction, the insider now owns 23,223,335 shares in the company, valued at approximately $18,810,901.35. This represents a 2.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, June 12th, Warburg Pincus (E&P) Xii Llc sold 228,008 shares of Ring Energy stock. The stock was sold at an average price of $0.82, for a total transaction of $186,966.56.
• On Tuesday, June 10th, Warburg Pincus (E&P) Xii Llc sold 505,340 shares of Ring Energy stock. The stock was sold at an average price of $0.81, for a total transaction of $409,325.40.
• On Monday, June 9th, Warburg Pincus (E&P) Xii Llc sold 257,468 shares of Ring Energy stock. The stock was sold at an average price of $0.78, for a total transaction of $200,825.04.
• On Friday, June 6th, Warburg Pincus (E&P) Xii Llc sold 215,476 shares of Ring Energy stock. The stock was sold at an average price of $0.77, for a total transaction of $165,916.52.
• On Thursday, June 5th, Warburg Pincus (E&P) Xii Llc sold 26,606 shares of Ring Energy stock. The stock was sold at an average price of $0.75, for a total transaction of $19,954.50.
• On Wednesday, June 4th, Warburg Pincus (E&P) Xii Llc sold 321,289 shares of Ring Energy stock. The stock was sold at an average price of $0.76, for a total transaction of $244,179.64.
• On Tuesday, June 3rd, Warburg Pincus (E&P) Xii Llc sold 521,232 shares of Ring Energy stock. The shares were sold at an average price of $0.79, for a total transaction of $411,773.28.
• On Monday, June 2nd, Warburg Pincus (E&P) Xii Llc sold 495,278 shares of Ring Energy stock. The shares were sold at an average price of $0.76, for a total transaction of $376,411.28.
• On Wednesday, May 28th, Warburg Pincus (E&P) Xii Llc sold 31,171 shares of Ring Energy stock. The shares were sold at an average price of $0.80, for a total transaction of $24,936.80.
• On Tuesday, May 27th, Warburg Pincus (E&P) Xii Llc sold 55,700 shares of Ring Energy stock. The shares were sold at an average price of $0.80, for a total transaction of $44,560.00.

Ring Energy Trading Up 2.9%

Shares of Ring Energy stock opened at $0.87 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.54 and a quick ratio of 0.49. The stock has a market capitalization of $171.80 million, a PE ratio of 1.52 and a beta of 1.55. Ring Energy, Inc. has a 1-year low of $0.72 and a 1-year high of $2.06. The company’s fifty day simple moving average is $0.84 and its 200-day simple moving average is $1.23.

Hedge Funds Weigh In On Ring Energy

Several institutional investors and hedge funds have recently bought and sold shares of REI. Mraz Amerine & Associates Inc. purchased a new stake in Ring Energy in the fourth quarter worth about $27,000. Arkadios Wealth Advisors grew its stake in shares of Ring Energy by 97.7% during the 1st quarter. Arkadios Wealth Advisors now owns 23,429 shares of the company’s stock valued at $27,000 after acquiring an additional 11,579 shares during the period. Tower Research Capital LLC TRC increased its holdings in Ring Energy by 204.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 26,187 shares of the company’s stock worth $36,000 after acquiring an additional 17,574 shares in the last quarter. CWM LLC increased its holdings in Ring Energy by 99.3% in the 1st quarter. CWM LLC now owns 27,773 shares of the company’s stock worth $32,000 after acquiring an additional 13,840 shares in the last quarter. Finally, Ullmann Wealth Partners Group LLC raised its stake in Ring Energy by 95.2% during the 1st quarter. Ullmann Wealth Partners Group LLC now owns 28,698 shares of the company’s stock worth $33,000 after acquiring an additional 13,996 shares during the period. 77.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

REI has been the topic of a number of research analyst reports. Industrial Alliance Securities set a $2.50 price objective on shares of Ring Energy in a research report on Friday, March 7th. Alliance Global Partners restated a “buy” rating on shares of Ring Energy in a research report on Friday, March 7th.

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.