Insider Selling: Ring Energy, Inc. (NYSEAMERICAN:REI) Major Shareholder Sells 26,606 Shares of Stock

Ring Energy, Inc. (NYSEAMERICAN:REI - Get Free Report) major shareholder Warburg Pincus (E&P) Xii Llc sold 26,606 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $0.75, for a total value of $19,954.50. Following the completion of the sale, the insider now directly owns 24,853,999 shares in the company, valued at $18,640,499.25. This represents a 0.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Warburg Pincus (E&P) Xii Llc also recently made the following trade(s):

• On Monday, June 9th, Warburg Pincus (E&P) Xii Llc sold 257,468 shares of Ring Energy stock. The stock was sold at an average price of $0.78, for a total transaction of $200,825.04.
• On Friday, June 6th, Warburg Pincus (E&P) Xii Llc sold 215,476 shares of Ring Energy stock. The stock was sold at an average price of $0.77, for a total transaction of $165,916.52.
• On Wednesday, June 4th, Warburg Pincus (E&P) Xii Llc sold 321,289 shares of Ring Energy stock. The stock was sold at an average price of $0.76, for a total transaction of $244,179.64.
• On Tuesday, June 3rd, Warburg Pincus (E&P) Xii Llc sold 521,232 shares of Ring Energy stock. The shares were sold at an average price of $0.79, for a total transaction of $411,773.28.
• On Monday, June 2nd, Warburg Pincus (E&P) Xii Llc sold 495,278 shares of Ring Energy stock. The stock was sold at an average price of $0.76, for a total transaction of $376,411.28.
• On Wednesday, May 28th, Warburg Pincus (E&P) Xii Llc sold 31,171 shares of Ring Energy stock. The shares were sold at an average price of $0.80, for a total value of $24,936.80.
• On Tuesday, May 27th, Warburg Pincus (E&P) Xii Llc sold 55,700 shares of Ring Energy stock. The stock was sold at an average price of $0.80, for a total value of $44,560.00.
• On Tuesday, May 20th, Warburg Pincus (E&P) Xii Llc sold 95,782 shares of Ring Energy stock. The shares were sold at an average price of $0.80, for a total value of $76,625.60.
• On Monday, May 19th, Warburg Pincus (E&P) Xii Llc sold 193,940 shares of Ring Energy stock. The stock was sold at an average price of $0.82, for a total value of $159,030.80.
• On Friday, May 16th, Warburg Pincus (E&P) Xii Llc sold 406,408 shares of Ring Energy stock. The shares were sold at an average price of $0.81, for a total transaction of $329,190.48.

Ring Energy Stock Performance

Ring Energy stock traded up $0.01 during midday trading on Monday, hitting $0.78. 1,249,049 shares of the company's stock were exchanged, compared to its average volume of 1,948,478. The firm's 50 day simple moving average is $0.85 and its 200 day simple moving average is $1.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.49 and a current ratio of 0.54. The stock has a market cap of $154.99 million, a price-to-earnings ratio of 1.37 and a beta of 1.55. Ring Energy, Inc. has a 12-month low of $0.72 and a 12-month high of $2.06.

Analyst Ratings Changes

Several brokerages have recently issued reports on REI. Alliance Global Partners restated a "buy" rating on shares of Ring Energy in a report on Friday, March 7th. Industrial Alliance Securities set a $2.50 price target on shares of Ring Energy in a research report on Friday, March 7th.

Institutional Investors Weigh In On Ring Energy

Large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. increased its stake in Ring Energy by 1.0% in the 4th quarter. Ameriprise Financial Inc. now owns 5,332,208 shares of the company's stock valued at $7,252,000 after buying an additional 51,577 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Ring Energy by 28.6% in the first quarter. AQR Capital Management LLC now owns 3,350,472 shares of the company's stock valued at $3,853,000 after acquiring an additional 744,284 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ring Energy by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 3,060,543 shares of the company's stock valued at $4,163,000 after acquiring an additional 89,614 shares in the last quarter. Millennium Management LLC increased its stake in shares of Ring Energy by 358.0% during the fourth quarter. Millennium Management LLC now owns 1,082,632 shares of the company's stock worth $1,472,000 after acquiring an additional 846,241 shares during the period. Finally, Marshall Wace LLP purchased a new position in Ring Energy during the fourth quarter worth about $1,378,000. Hedge funds and other institutional investors own 77.14% of the company's stock.

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.

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