Sei Investments Co. Trims Stock Position in Ring Energy, Inc. (NYSEAMERICAN:REI)

Sei Investments Co. cut its stake in Ring Energy, Inc. (NYSEAMERICAN:REI) by 2.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 447,599 shares of the company’s stock after selling 13,221 shares during the quarter. Sei Investments Co. owned about 0.23% of Ring Energy worth $756,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC increased its stake in shares of Ring Energy by 8.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 71,469 shares of the company’s stock valued at $121,000 after purchasing an additional 5,672 shares in the last quarter. Caprock Group LLC grew its position in Ring Energy by 44.0% during the 2nd quarter. Caprock Group LLC now owns 21,776 shares of the company’s stock valued at $37,000 after purchasing an additional 6,655 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Ring Energy by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 132,995 shares of the company’s stock valued at $261,000 after purchasing an additional 8,792 shares in the last quarter. Catalina Capital Group LLC raised its holdings in Ring Energy by 54.9% in the second quarter. Catalina Capital Group LLC now owns 26,329 shares of the company’s stock worth $44,000 after buying an additional 9,329 shares during the last quarter. Finally, Delap Wealth Advisory LLC bought a new position in shares of Ring Energy in the first quarter worth approximately $27,000. 77.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ring Energy

In other Ring Energy news, major shareholder Warburg Pincus & Co Us, Llc sold 6,200,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $1.64, for a total transaction of $10,168,000.00. Following the sale, the insider now directly owns 39,920,643 shares of the company’s stock, valued at $65,469,854.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Ring Energy Trading Down 4.0 %

Shares of NYSEAMERICAN:REI opened at $1.67 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $330.94 million, a PE ratio of 4.18 and a beta of 1.61. Ring Energy, Inc. has a twelve month low of $1.25 and a twelve month high of $2.20.

Ring Energy (NYSEAMERICAN:REI) last released its earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Ring Energy had a return on equity of 10.94% and a net margin of 18.41%. The company had revenue of $99.14 million for the quarter, compared to the consensus estimate of $98.29 million. As a group, analysts predict that Ring Energy, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.