Ring Energy, Inc. (NYSEAMERICAN:REI) Major Shareholder Warburg Pincus (E&P) Xii Llc Sells 215,476 Shares

Ring Energy, Inc. (NYSEAMERICAN:REI - Get Free Report) major shareholder Warburg Pincus (E&P) Xii Llc sold 215,476 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $0.77, for a total value of $165,916.52. Following the transaction, the insider now directly owns 24,638,523 shares of the company's stock, valued at $18,971,662.71. The trade was a 0.87% decrease in their position. The transaction 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 shares are required to disclose their transactions with the SEC.

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

• On Monday, June 9th, Warburg Pincus (E&P) Xii Llc sold 257,468 shares of Ring Energy stock. The shares were sold at an average price of $0.78, for a total transaction of $200,825.04.
• On Thursday, June 5th, Warburg Pincus (E&P) Xii Llc sold 26,606 shares of Ring Energy stock. The shares were sold at an average price of $0.75, for a total transaction of $19,954.50.
• 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 value 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 transaction of $411,773.28.
• 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 value of $376,411.28.
• On Wednesday, May 28th, Warburg Pincus (E&P) Xii Llc sold 31,171 shares of Ring Energy stock. The shares were 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 stock was 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 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.

Ring Energy Stock Up 1.3%

Shares of NYSEAMERICAN:REI traded up $0.01 during trading on Monday, hitting $0.78. 1,249,049 shares of the company were exchanged, compared to its average volume of 1,948,478. The firm has a fifty day moving average price of $0.85 and a two-hundred day moving average price of $1.26. Ring Energy, Inc. has a fifty-two week low of $0.72 and a fifty-two week high of $2.06. The stock has a market cap of $154.99 million, a price-to-earnings ratio of 1.37 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.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Ring Energy

A number of institutional investors have recently bought and sold shares of REI. Ameriprise Financial Inc. boosted its holdings in Ring Energy by 1.0% in the 4th quarter. Ameriprise Financial Inc. now owns 5,332,208 shares of the company's stock valued at $7,252,000 after purchasing an additional 51,577 shares during the period. AQR Capital Management LLC grew its holdings in shares of Ring Energy by 28.6% during the first quarter. AQR Capital Management LLC now owns 3,350,472 shares of the company's stock worth $3,853,000 after purchasing an additional 744,284 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Ring Energy by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 3,060,543 shares of the company's stock valued at $4,163,000 after acquiring an additional 89,614 shares during the last quarter. Millennium Management LLC boosted its holdings in Ring Energy by 358.0% in the fourth quarter. Millennium Management LLC now owns 1,082,632 shares of the company's stock valued at $1,472,000 after acquiring an additional 846,241 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Ring Energy in the 4th quarter valued at about $1,378,000. Institutional investors and hedge funds 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.

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