TIAA CREF Investment Management LLC decreased its stake in shares of Ring Energy (NYSE:REI) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,364 shares of the company’s stock after selling 2,181 shares during the period. TIAA CREF Investment Management LLC’s holdings in Ring Energy were worth $1,172,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Ring Energy by 8.2% in the fourth quarter. State Street Corp now owns 598,772 shares of the company’s stock valued at $7,777,000 after buying an additional 45,396 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ring Energy by 55.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 444,867 shares of the company’s stock valued at $5,779,000 after buying an additional 158,775 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Ring Energy by 31.5% in the fourth quarter. Teachers Advisors LLC now owns 74,490 shares of the company’s stock valued at $968,000 after buying an additional 17,828 shares during the last quarter. Fisher Asset Management LLC bought a new stake in shares of Ring Energy during the first quarter valued at about $1,375,000. Finally, Wells Fargo & Company MN raised its stake in shares of Ring Energy by 50.1% in the first quarter. Wells Fargo & Company MN now owns 35,976 shares of the company’s stock valued at $390,000 after buying an additional 12,000 shares during the last quarter.

Shares of Ring Energy (NYSE:REI) traded down 0.52% on Wednesday, hitting $13.30. 17,761 shares of the company traded hands. Ring Energy has a 1-year low of $8.76 and a 1-year high of $14.14. The stock’s market capitalization is $720.13 million. The firm’s 50 day moving average price is $12.98 and its 200-day moving average price is $12.33.

Ring Energy (NYSE:REI) last posted its earnings results on Tuesday, August 8th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. The firm had revenue of $14.50 million for the quarter, compared to the consensus estimate of $14.20 million. On average, equities research analysts expect that Ring Energy will post $0.20 earnings per share for the current year.

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Several research analysts have commented on REI shares. Ladenburg Thalmann Financial Services reissued a “buy” rating and set a $17.00 price target (up from $15.00) on shares of Ring Energy in a research note on Saturday, April 22nd. Zacks Investment Research downgraded shares of Ring Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Roth Capital set a $20.00 price target on shares of Ring Energy and gave the stock a “buy” rating in a research note on Thursday, August 10th. Northland Securities set a $20.00 price target on shares of Ring Energy and gave the stock a “buy” rating in a research note on Monday. Finally, Imperial Capital started coverage on shares of Ring Energy in a research note on Tuesday. They set an “outperform” rating and a $18.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.88.

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Institutional Ownership by Quarter for Ring Energy (NYSE:REI)

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