Flputnam Investment Management Co. Acquires Shares of 22,955 Ring Energy, Inc. (NYSEAMERICAN:REI)

Flputnam Investment Management Co. acquired a new stake in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 22,955 shares of the company’s stock, valued at approximately $34,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. acquired a new stake in shares of Ring Energy in the first quarter valued at about $185,000. JPMorgan Chase & Co. raised its position in shares of Ring Energy by 421.2% in the first quarter. JPMorgan Chase & Co. now owns 491,475 shares of the company’s stock valued at $1,877,000 after buying an additional 397,173 shares during the last quarter. Raymond James & Associates raised its position in shares of Ring Energy by 12.7% in the first quarter. Raymond James & Associates now owns 94,997 shares of the company’s stock valued at $363,000 after buying an additional 10,697 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Ring Energy by 304.3% in the first quarter. Bank of New York Mellon Corp now owns 118,264 shares of the company’s stock valued at $452,000 after buying an additional 89,010 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Ring Energy by 26.4% in the first quarter. American Century Companies Inc. now owns 360,190 shares of the company’s stock valued at $1,376,000 after buying an additional 75,339 shares during the last quarter. 77.14% of the stock is owned by hedge funds and other institutional investors.

Ring Energy Trading Up 2.5 %

Shares of NYSEAMERICAN REI opened at $2.02 on Friday. The stock has a market capitalization of $399.82 million, a PE ratio of 4.10 and a beta of 1.76. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 0.54. Ring Energy, Inc. has a 52 week low of $1.25 and a 52 week high of $2.43.

Ring Energy (NYSEAMERICAN:REI) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). Ring Energy had a return on equity of 12.48% and a net margin of 29.04%. The firm had revenue of $99.94 million for the quarter, compared to analyst estimates of $95.39 million. Analysts anticipate that Ring Energy, Inc. will post 0.55 EPS for the current fiscal year.

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.