First Trust Advisors LP Has $1.33 Million Stock Holdings in Ring Energy, Inc. (NYSEAMERICAN:REI)

First Trust Advisors LP lifted its holdings in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 974,232 shares of the company’s stock after purchasing an additional 145,786 shares during the quarter. First Trust Advisors LP owned approximately 0.49% of Ring Energy worth $1,325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mraz Amerine & Associates Inc. bought a new stake in Ring Energy during the fourth quarter worth approximately $27,000. Virtu Financial LLC bought a new stake in shares of Ring Energy during the 3rd quarter worth $39,000. R Squared Ltd acquired a new position in Ring Energy in the 4th quarter valued at $41,000. Sequoia Financial Advisors LLC grew its holdings in Ring Energy by 103.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 32,499 shares of the company’s stock valued at $44,000 after buying an additional 16,558 shares during the last quarter. Finally, Mariner LLC bought a new position in Ring Energy in the 4th quarter worth approximately $52,000. Institutional investors own 77.14% of the company’s stock.

Insider Buying and Selling

In related news, Director John A. Crum acquired 50,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was purchased at an average cost of $1.15 per share, for a total transaction of $57,500.00. Following the completion of the purchase, the director now directly owns 564,125 shares of the company’s stock, valued at $648,743.75. The trade was a 9.73 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Paul D. Mckinney bought 200,000 shares of Ring Energy stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $1.08 per share, for a total transaction of $216,000.00. Following the purchase, the chief executive officer now directly owns 2,966,054 shares in the company, valued at $3,203,338.32. This represents a 7.23 % increase in their position. The disclosure for this purchase can be found here. 2.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on REI shares. Industrial Alliance Securities set a $2.50 price objective on shares of Ring Energy in a research note on Friday, March 7th. Alliance Global Partners reissued a “buy” rating on shares of Ring Energy in a report on Friday, March 7th.

Ring Energy Price Performance

Shares of REI stock opened at $0.86 on Wednesday. Ring Energy, Inc. has a 12 month low of $0.78 and a 12 month high of $2.06. The company has a market capitalization of $170.45 million, a P/E ratio of 1.51 and a beta of 1.55. The stock has a 50 day moving average of $1.04 and a two-hundred day moving average of $1.35. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.46.

Ring Energy 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.