Insider Selling: Ring Energy, Inc. (NYSEAMERICAN:REI) Major Shareholder Sells $465,445.68 in Stock

Ring Energy, Inc. (NYSEAMERICAN:REI) major shareholder Warburg Pincus (E&P) Xii Llc sold 554,102 shares of Ring Energy stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $0.84, for a total value of $465,445.68. Following the sale, the insider now directly owns 27,001,405 shares in the company, valued at approximately $22,681,180.20. This trade represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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 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.
• On Monday, May 12th, Warburg Pincus (E&P) Xii Llc sold 300,000 shares of Ring Energy stock. The shares were sold at an average price of $0.90, for a total transaction of $270,000.00.
• On Monday, February 24th, Warburg Pincus (E&P) Xii Llc sold 6,575,000 shares of Ring Energy stock. The shares were sold at an average price of $1.23, for a total transaction of $8,087,250.00.

Ring Energy Price Performance

Shares of REI stock opened at $0.75 on Thursday. Ring Energy, Inc. has a 12-month low of $0.72 and a 12-month high of $2.06. The firm has a market capitalization of $149.03 million, a price-to-earnings ratio of 1.32 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. The firm has a fifty day moving average of $0.96 and a 200-day moving average of $1.31.

Analyst Ratings Changes

A number of brokerages recently weighed in on REI. Alliance Global Partners reissued 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.

Hedge Funds Weigh In On Ring Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in Ring Energy by 6.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 153,156 shares of the company’s stock valued at $209,000 after acquiring an additional 9,805 shares in the last quarter. Arkadios Wealth Advisors lifted 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 worth $27,000 after buying an additional 11,579 shares in the last quarter. MetLife Investment Management LLC lifted its position in Ring Energy by 21.5% during the 1st quarter. MetLife Investment Management LLC now owns 66,197 shares of the company’s stock worth $76,000 after buying an additional 11,693 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Ring Energy by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 41,736 shares of the company’s stock valued at $57,000 after purchasing an additional 13,733 shares during the period. Finally, CWM LLC raised its holdings in shares of Ring Energy by 99.3% in 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 during the period. 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.