Ring Energy, Inc. (NYSEAMERICAN:REI) Major Shareholder Warburg Pincus (E&P) Xii Llc Sells 257,468 Shares

Ring Energy, Inc. (NYSEAMERICAN:REI - Get Free Report) major shareholder Warburg Pincus (E&P) Xii Llc sold 257,468 shares of Ring Energy stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $0.78, for a total value of $200,825.04. Following the completion of the sale, the insider now owns 24,381,055 shares of the company's stock, valued at $19,017,222.90. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company's shares 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 Friday, June 6th, Warburg Pincus (E&P) Xii Llc sold 215,476 shares of Ring Energy stock. The shares were sold at an average price of $0.77, for a total value of $165,916.52.
• 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 value 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 shares were sold at an average price of $0.79, for a total value of $411,773.28.
• 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 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.

Ring Energy Stock Up 1.3%

Shares of REI traded up $0.01 during mid-day trading on Monday, hitting $0.78. 1,249,049 shares of the company traded hands, compared to its average volume of 1,948,478. Ring Energy, Inc. has a 1-year low of $0.72 and a 1-year high of $2.06. 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 $154.99 million, a PE ratio of 1.37 and a beta of 1.55. The business has a 50 day moving average of $0.85 and a 200 day moving average of $1.26.

Institutional Investors Weigh In On Ring Energy

Large investors have recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in Ring Energy during the 4th quarter worth approximately $1,378,000. BNP Paribas Financial Markets boosted its position in Ring Energy by 15.6% in 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. Cetera Investment Advisers boosted its position in Ring Energy by 103.1% in the 4th quarter. Cetera Investment Advisers now owns 90,257 shares of the company's stock worth $123,000 after purchasing an additional 45,822 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Ring Energy in the 4th quarter worth approximately $174,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Ring Energy by 196.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,893 shares of the company's stock worth $564,000 after purchasing an additional 274,933 shares in the last quarter. Hedge funds and other institutional investors own 77.14% of the company's stock.

Analyst Upgrades and Downgrades

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

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