Warburg Pincus (E&P) Xii Llc Sells 521,232 Shares of Ring Energy, Inc. (NYSEAMERICAN:REI) Stock

Ring Energy, Inc. (NYSEAMERICAN:REI - Get Free Report) major shareholder Warburg Pincus (E&P) Xii Llc sold 521,232 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $0.79, for a total transaction of $411,773.28. Following the transaction, the insider now directly owns 25,201,894 shares of the company's stock, valued at approximately $19,909,496.26. This represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company's shares 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 stock was sold at an average price of $0.76, for a total transaction of $244,179.64.
• 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 stock was sold at an average price of $0.80, for a total transaction 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 transaction 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 transaction of $76,625.60.
• On Monday, May 19th, Warburg Pincus (E&P) Xii Llc sold 193,940 shares of Ring Energy stock. The shares were sold at an average price of $0.82, for a total transaction 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.
• 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 stock was sold at an average price of $0.89, for a total transaction of $405,532.95.

Ring Energy Stock Up 4.6%

REI stock traded up $0.03 during trading hours on Friday, hitting $0.77. The company's stock had a trading volume of 1,881,391 shares, compared to its average volume of 1,951,266. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $153.05 million, a PE ratio of 1.35 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. The stock has a 50 day moving average price of $0.85 and a two-hundred day moving average price of $1.26.

Institutional Investors Weigh In On Ring Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC increased its holdings in Ring Energy by 8.6% in the 1st quarter. Empowered Funds LLC now owns 783,428 shares of the company's stock valued at $901,000 after buying an additional 62,317 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Ring Energy in the 1st quarter valued at $42,000. AQR Capital Management LLC increased its holdings in Ring Energy by 28.6% in the 1st quarter. AQR Capital Management LLC now owns 3,350,472 shares of the company's stock valued at $3,853,000 after buying an additional 744,284 shares during the period. Ieq Capital LLC bought a new stake in Ring Energy in the 1st quarter valued at $84,000. Finally, MetLife Investment Management LLC grew its holdings in shares of Ring Energy by 21.5% in the 1st quarter. MetLife Investment Management LLC now owns 66,197 shares of the company's stock worth $76,000 after purchasing an additional 11,693 shares during the last quarter. Institutional investors own 77.14% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on REI. Alliance Global Partners reiterated a "buy" rating on shares of Ring Energy in a report on Friday, March 7th. Industrial Alliance Securities set a $2.50 target price on shares of Ring Energy in a report on Friday, March 7th.

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.