Creative Planning Purchases 51,429 Shares of Ring Energy, Inc. (NYSEAMERICAN:REI)

Creative Planning increased its stake in Ring Energy, Inc. (NYSEAMERICAN:REI) by 77.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,139 shares of the company’s stock after purchasing an additional 51,429 shares during the period. Creative Planning owned 0.06% of Ring Energy worth $189,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Delap Wealth Advisory LLC purchased a new stake in Ring Energy in the 1st quarter worth $27,000. CreativeOne Wealth LLC purchased a new stake in Ring Energy during the first quarter worth about $31,000. Walleye Trading LLC increased its stake in Ring Energy by 255.9% during the first quarter. Walleye Trading LLC now owns 16,213 shares of the company’s stock worth $32,000 after purchasing an additional 26,613 shares during the period. Caprock Group LLC increased its stake in shares of Ring Energy by 44.0% during the second quarter. Caprock Group LLC now owns 21,776 shares of the company’s stock worth $37,000 after buying an additional 6,655 shares during the period. Finally, CWM LLC increased its stake in shares of Ring Energy by 448.3% during the second quarter. CWM LLC now owns 23,367 shares of the company’s stock worth $39,000 after buying an additional 19,105 shares during the period. 77.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ring Energy

In related news, major shareholder Warburg Pincus & Co Us, Llc sold 4,400,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $1.62, for a total transaction of $7,128,000.00. Following the sale, the insider now directly owns 35,520,643 shares of the company’s stock, valued at approximately $57,543,441.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Ring Energy from a “buy” rating to a “hold” rating in a report on Friday.

Ring Energy Trading Up 1.9 %

Ring Energy stock opened at $1.58 on Tuesday. The stock has a market cap of $313.16 million, a P/E ratio of 2.77 and a beta of 1.63. 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 0.46, a current ratio of 0.54 and a quick ratio of 0.45.

Ring Energy (NYSEAMERICAN:REI) last issued its earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $89.24 million during the quarter, compared to analysts’ expectations of $83.27 million. Ring Energy had a return on equity of 9.21% and a net margin of 29.44%. As a group, equities research analysts expect that Ring Energy, Inc. will post 0.33 earnings per share for the current year.

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.