Wellington Management Group LLP Acquires New Holdings in Ring Energy, Inc. (NYSEAMERICAN:REI)

Wellington Management Group LLP bought a new position in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 60,248 shares of the company’s stock, valued at approximately $96,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in REI. CreativeOne Wealth LLC bought a new position in shares of Ring Energy during the third quarter worth about $26,000. Ullmann Wealth Partners Group LLC raised its holdings in Ring Energy by 58.8% during the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 20,469 shares of the company’s stock worth $33,000 after purchasing an additional 7,583 shares during the last quarter. Caprock Group LLC lifted its position in shares of Ring Energy by 44.0% in the 2nd quarter. Caprock Group LLC now owns 21,776 shares of the company’s stock worth $37,000 after purchasing an additional 6,655 shares during the period. Marshall Wace LLP bought a new stake in shares of Ring Energy in the 2nd quarter valued at $60,000. Finally, Catalina Capital Group LLC boosted its stake in shares of Ring Energy by 38.7% in the 3rd quarter. Catalina Capital Group LLC now owns 36,530 shares of the company’s stock valued at $58,000 after purchasing an additional 10,201 shares during the last quarter. 77.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at Ring Energy

In related news, major shareholder Warburg Pincus & Co Us, Llc sold 4,400,000 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $1.62, for a total transaction of $7,128,000.00. Following the transaction, the insider now directly owns 35,520,643 shares of the company’s stock, valued at $57,543,441.66. This trade represents a 11.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.60% of the company’s stock.

Ring Energy Stock Performance

NYSEAMERICAN REI opened at $1.25 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.46. Ring Energy, Inc. has a 52 week low of $1.23 and a 52 week high of $2.20. The company has a market cap of $247.75 million, a PE ratio of 2.19 and a beta of 1.59.

Ring Energy (NYSEAMERICAN:REI) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 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. Equities research analysts forecast that Ring Energy, Inc. will post 0.34 EPS for the current year.

Ring Energy 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.