State Street Corp Boosts Position in Ring Energy, Inc. (NYSEAMERICAN:REI)

State Street Corp boosted its position in Ring Energy, Inc. (NYSEAMERICAN:REI) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,398,808 shares of the company’s stock after purchasing an additional 13,495 shares during the period. State Street Corp owned about 1.21% of Ring Energy worth $3,838,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in REI. Vanguard Personalized Indexing Management LLC increased its stake in shares of Ring Energy by 8.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 71,469 shares of the company’s stock worth $121,000 after purchasing an additional 5,672 shares in the last quarter. Caprock Group LLC raised its stake in Ring Energy by 44.0% during the 2nd quarter. Caprock Group LLC now owns 21,776 shares of the company’s stock worth $37,000 after acquiring an additional 6,655 shares during the period. Ullmann Wealth Partners Group LLC lifted its holdings in Ring Energy by 58.8% during the third quarter. Ullmann Wealth Partners Group LLC now owns 20,469 shares of the company’s stock valued at $33,000 after purchasing an additional 7,583 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Ring Energy by 15.7% in the second quarter. The Manufacturers Life Insurance Company now owns 60,334 shares of the company’s stock worth $102,000 after purchasing an additional 8,165 shares during the period. Finally, Catalina Capital Group LLC increased its stake in shares of Ring Energy by 38.7% in the third quarter. Catalina Capital Group LLC now owns 36,530 shares of the company’s stock worth $58,000 after purchasing an additional 10,201 shares in the last quarter. 77.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Ring Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

Insider Buying and Selling at Ring Energy

In other Ring Energy news, major shareholder Warburg Pincus & Co Us, Llc sold 4,400,000 shares of the firm’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 completion of the transaction, the insider now owns 35,520,643 shares in the company, valued at $57,543,441.66. This trade represents a 11.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.60% of the stock is currently owned by insiders.

Ring Energy Stock Up 6.4 %

NYSEAMERICAN REI opened at $1.33 on Tuesday. The stock has a market capitalization of $263.61 million, a PE ratio of 2.33 and a beta of 1.59. Ring Energy, Inc. has a twelve month low of $1.21 and a twelve month 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 0.49.

Ring Energy (NYSEAMERICAN:REI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Ring Energy had a net margin of 29.44% and a return on equity of 9.21%. The business had revenue of $89.24 million during the quarter, compared to analyst estimates of $83.27 million. Sell-side analysts forecast that Ring Energy, Inc. will post 0.34 EPS 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.