RBF Capital LLC Purchases Shares of 407,417 Ring Energy, Inc. (NYSEAMERICAN:REI)

RBF Capital LLC acquired a new position in shares of Ring Energy, Inc. (NYSEAMERICAN:REI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 407,417 shares of the company's stock, valued at approximately $554,000. RBF Capital LLC owned approximately 0.21% of Ring Energy at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of REI. Geode Capital Management LLC lifted its position in shares of Ring Energy by 34.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,970,929 shares of the company's stock worth $4,754,000 after buying an additional 763,907 shares during the period. Barclays PLC raised its position in Ring Energy by 272.6% in the 3rd quarter. Barclays PLC now owns 194,186 shares of the company's stock valued at $311,000 after purchasing an additional 142,074 shares during the last quarter. JPMorgan Chase & Co. raised its position in Ring Energy by 4,564.9% in the 3rd 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 during the last quarter. Franklin Resources Inc. raised its position in Ring Energy by 2,244.6% in the 3rd quarter. Franklin Resources Inc. now owns 235,168 shares of the company's stock valued at $381,000 after purchasing an additional 225,138 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Ring Energy in the 4th quarter valued at $174,000. Institutional investors and hedge funds own 77.14% of the company's stock.

Insiders Place Their Bets

In other news, CEO Paul D. Mckinney purchased 200,000 shares of Ring Energy stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of $1.08 per share, for a total transaction of $216,000.00. Following the transaction, the chief executive officer now owns 2,966,054 shares of the company's stock, valued at approximately $3,203,338.32. The trade was a 7.23 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Warburg Pincus (E&P) Xii Llc sold 6,575,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1.23, for a total transaction of $8,087,250.00. Following the sale, 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. Company insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on REI shares. Industrial Alliance Securities set a $2.50 price objective on shares of Ring Energy in a research note on Friday, March 7th. Alliance Global Partners reissued a "buy" rating on shares of Ring Energy in a research note on Friday, March 7th.

Ring Energy Stock Performance

Shares of NYSEAMERICAN:REI traded down $0.00 on Tuesday, reaching $0.93. 415,293 shares of the company's stock were exchanged, compared to its average volume of 1,838,337. The company has a fifty day moving average of $1.09 and a 200-day moving average of $1.37. Ring Energy, Inc. has a twelve month low of $0.78 and a twelve month high of $2.06. The company has a market capitalization of $184.13 million, a price-to-earnings ratio of 1.63 and a beta of 1.55. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.46.

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.