Ring Energy, Inc. (NYSEAMERICAN:REI) Major Shareholder Warburg Pincus (E&P) Xii Llc Sells 495,278 Shares

Ring Energy, Inc. (NYSEAMERICAN:REI - Get Free Report) major shareholder Warburg Pincus (E&P) Xii Llc sold 495,278 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $0.76, for a total transaction of $376,411.28. Following the sale, the insider now owns 25,723,126 shares in the company, valued at $19,549,575.76. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

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

• On Wednesday, June 4th, Warburg Pincus (E&P) Xii Llc sold 321,289 shares of Ring Energy stock. The shares were 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 stock was sold at an average price of $0.79, for a total value of $411,773.28.
• On Wednesday, May 28th, Warburg Pincus (E&P) Xii Llc sold 31,171 shares of Ring Energy stock. The stock was 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 shares were 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 stock was 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 stock was sold at an average price of $0.81, for a total value of $329,190.48.
• On Thursday, May 15th, Warburg Pincus (E&P) Xii Llc sold 554,102 shares of Ring Energy stock. The shares were sold at an average price of $0.84, for a total transaction of $465,445.68.
• On Tuesday, May 13th, Warburg Pincus (E&P) Xii Llc sold 634,481 shares of Ring Energy stock. The stock was sold at an average price of $0.91, for a total transaction of $577,377.71.
• On Wednesday, May 14th, Warburg Pincus (E&P) Xii Llc sold 455,655 shares of Ring Energy stock. The shares were sold at an average price of $0.89, for a total transaction of $405,532.95.

Ring Energy Stock Up 4.6%

Shares of NYSEAMERICAN REI traded up $0.03 on Friday, reaching $0.77. 1,841,080 shares of the company's stock traded hands, compared to its average volume of 1,947,019. The business's 50 day simple moving average is $0.86 and its two-hundred day simple moving average is $1.27. Ring Energy, Inc. has a 12 month low of $0.72 and a 12 month high of $2.06. The company has a market cap of $153.05 million, a price-to-earnings ratio of 1.35 and a beta of 1.55. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.46.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in REI. Mraz Amerine & Associates Inc. bought a new position in shares of Ring Energy during the fourth quarter valued at $27,000. Arkadios Wealth Advisors grew its position in Ring Energy by 97.7% during the 1st quarter. Arkadios Wealth Advisors now owns 23,429 shares of the company's stock valued at $27,000 after purchasing an additional 11,579 shares during the last quarter. CWM LLC increased its stake in Ring Energy by 99.3% during the 1st quarter. CWM LLC now owns 27,773 shares of the company's stock valued at $32,000 after purchasing an additional 13,840 shares in the last quarter. Ullmann Wealth Partners Group LLC raised its holdings in Ring Energy by 95.2% in the first quarter. Ullmann Wealth Partners Group LLC now owns 28,698 shares of the company's stock worth $33,000 after buying an additional 13,996 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Ring Energy by 204.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 26,187 shares of the company's stock worth $36,000 after buying an additional 17,574 shares during the last quarter. Hedge funds and other institutional investors own 77.14% of the company's stock.

Ring Energy Company 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.