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

Ring Energy, Inc. (NYSEAMERICAN:REI - Get Free Report) major shareholder Warburg Pincus (E&P) Xii Llc sold 521,232 shares of the company'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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own more than 10% of a company's stock 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 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 value of $244,179.64.
• On Monday, June 2nd, Warburg Pincus (E&P) Xii Llc sold 495,278 shares of Ring Energy stock. The shares were sold at an average price of $0.76, for a total value 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 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 transaction 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 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 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 value 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 value 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 value of $405,532.95.

Ring Energy Price Performance

NYSEAMERICAN REI traded up $0.03 on Friday, reaching $0.77. The company's stock had a trading volume of 1,841,080 shares, compared to its average volume of 1,947,019. Ring Energy, Inc. has a 52 week low of $0.72 and a 52 week high of $2.06. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.46. The firm has a market cap of $153.05 million, a PE ratio of 1.35 and a beta of 1.55. The business has a 50-day moving average price of $0.86 and a 200 day moving average price of $1.27.

Wall Street Analyst Weigh In

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

Institutional Trading of Ring Energy

A number of large investors have recently bought and sold shares of the stock. Marshall Wace LLP bought a new position in shares of Ring Energy during the fourth quarter valued at $1,378,000. BNP Paribas Financial Markets increased its position in shares of Ring Energy by 15.6% during the 4th quarter. BNP Paribas Financial Markets now owns 168,590 shares of the company's stock worth $229,000 after purchasing an additional 22,790 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Ring Energy during the 4th quarter valued at about $174,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Ring Energy by 196.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,893 shares of the company's stock valued at $564,000 after buying an additional 274,933 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in Ring Energy by 103.1% in the fourth quarter. Cetera Investment Advisers now owns 90,257 shares of the company's stock valued at $123,000 after buying an additional 45,822 shares in the last quarter. 77.14% of the stock is currently owned by institutional investors.

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.