WINTON GROUP Ltd Sells 83,862 Shares of Ring Energy, Inc. (NYSEAMERICAN:REI)

WINTON GROUP Ltd trimmed its position in Ring Energy, Inc. (NYSEAMERICAN:REI) by 28.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 214,286 shares of the company’s stock after selling 83,862 shares during the period. WINTON GROUP Ltd owned about 0.11% of Ring Energy worth $362,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Ring Energy by 26.5% during the 1st quarter. Vanguard Group Inc. now owns 5,068,526 shares of the company’s stock worth $9,934,000 after purchasing an additional 1,062,654 shares in the last quarter. American Century Companies Inc. increased its holdings in Ring Energy by 42.6% during the 2nd quarter. American Century Companies Inc. now owns 1,967,501 shares of the company’s stock worth $3,325,000 after purchasing an additional 587,690 shares in the last quarter. Panagora Asset Management Inc. bought a new position in Ring Energy during the 2nd quarter worth about $323,000. GSA Capital Partners LLP increased its holdings in Ring Energy by 61.5% during the 1st quarter. GSA Capital Partners LLP now owns 455,506 shares of the company’s stock worth $893,000 after purchasing an additional 173,511 shares in the last quarter. Finally, IPG Investment Advisors LLC bought a new position in Ring Energy during the 4th quarter worth about $235,000. 77.14% of the stock is currently owned by institutional investors.

Ring Energy Trading Down 1.1 %

Ring Energy stock opened at $1.75 on Thursday. Ring Energy, Inc. has a 52 week low of $1.25 and a 52 week high of $2.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.45. The stock has a market cap of $346.80 million, a P/E ratio of 4.38 and a beta of 1.63.

Ring Energy (NYSEAMERICAN:REI) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. Ring Energy had a return on equity of 10.94% and a net margin of 18.41%. The business had revenue of $99.14 million during the quarter, compared to analysts’ expectations of $98.29 million. On average, sell-side analysts anticipate that Ring Energy, Inc. will post 0.43 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Ring Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 15th.

Ring Energy Company Profile

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.