Marshall Wace LLP Makes New Investment in Ring Energy, Inc. (NYSEAMERICAN:REI)

Marshall Wace LLP purchased a new stake in Ring Energy, Inc. (NYSEAMERICAN:REI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,013,280 shares of the company's stock, valued at approximately $1,378,000. Marshall Wace LLP owned approximately 0.51% of Ring Energy as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in REI. JPMorgan Chase & Co. boosted its position in shares of Ring Energy by 4,564.9% during the third quarter. JPMorgan Chase & Co. now owns 3,086,251 shares of the company's stock valued at $4,938,000 after purchasing an additional 3,020,092 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Ring Energy by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 3,060,543 shares of the company's stock worth $4,163,000 after buying an additional 89,614 shares during the period. State Street Corp increased its stake in shares of Ring Energy by 0.6% in the 3rd quarter. State Street Corp now owns 2,398,808 shares of the company's stock worth $3,838,000 after acquiring an additional 13,495 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Ring Energy in the 4th quarter worth about $1,167,000. Finally, Empowered Funds LLC boosted its stake in Ring Energy by 5.1% during the fourth quarter. Empowered Funds LLC now owns 721,111 shares of the company's stock worth $981,000 after acquiring an additional 34,857 shares in the last quarter. 77.14% of the stock is owned by hedge funds and other institutional investors.

Ring Energy Stock Up 2.2 %

Ring Energy stock traded up $0.02 during mid-day trading on Friday, reaching $0.92. The stock had a trading volume of 1,427,006 shares, compared to its average volume of 1,846,575. Ring Energy, Inc. has a one year low of $0.78 and a one year high of $2.06. The company has a 50-day moving average price of $1.06 and a two-hundred day moving average price of $1.36. The company has a market capitalization of $182.34 million, a price-to-earnings ratio of 1.61 and a beta of 1.55. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.54 and a quick ratio of 0.49.

Insiders Place Their Bets

In other Ring Energy news, CEO Paul D. Mckinney bought 200,000 shares of the firm's stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $1.08 per share, with a total value of $216,000.00. Following the transaction, the chief executive officer now owns 2,966,054 shares in the company, valued at $3,203,338.32. This represents a 7.23 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Warburg Pincus (E&P) Xii Llc sold 6,575,000 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1.23, for a total transaction of $8,087,250.00. Following the transaction, the insider now owns 28,945,643 shares in the company, valued at $35,603,140.89. This represents a 18.51 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

REI has been the subject of a number of analyst reports. Industrial Alliance Securities set a $2.50 target price on shares of Ring Energy in a research note on Friday, March 7th. Alliance Global Partners reaffirmed a "buy" rating on shares of Ring Energy in a research report on Friday, March 7th.

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.