D. E. Shaw & Co. Inc. Raises Holdings in Ring Energy, Inc. (NYSEAMERICAN:REI)

D. E. Shaw & Co. Inc. raised its position in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) by 18.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 419,011 shares of the company’s stock after acquiring an additional 64,055 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.21% of Ring Energy worth $570,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in REI. Ameriprise Financial Inc. raised its stake in shares of 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 acquiring an additional 51,577 shares during the period. Geode Capital Management LLC raised its holdings in shares of Ring Energy by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 3,060,543 shares of the company’s stock valued at $4,163,000 after buying an additional 89,614 shares during the period. Marshall Wace LLP acquired a new position in Ring Energy during the 4th quarter worth approximately $1,378,000. First Trust Advisors LP boosted its holdings in Ring Energy by 17.6% in the 4th quarter. First Trust Advisors LP now owns 974,232 shares of the company’s stock worth $1,325,000 after acquiring an additional 145,786 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in Ring Energy in the fourth quarter valued at approximately $1,167,000. Hedge funds and other institutional investors own 77.14% of the company’s stock.

Insider Buying and Selling at Ring Energy

In other Ring Energy news, major shareholder Warburg Pincus (E&P) Xii Llc sold 300,000 shares of Ring Energy stock in a transaction on Monday, May 12th. The shares were sold at an average price of $0.90, for a total value of $270,000.00. Following the completion of the transaction, the insider now owns 28,645,643 shares of the company’s stock, valued at $25,781,078.70. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John A. Crum purchased 50,000 shares of Ring Energy stock in a transaction dated Tuesday, April 1st. The stock was acquired at an average price of $1.15 per share, for a total transaction of $57,500.00. Following the completion of the transaction, the director now owns 564,125 shares in the company, valued at approximately $648,743.75. The trade was a 9.73% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 313,203 shares of company stock worth $323,430 and have sold 2,640,368 shares worth $2,283,203. 2.60% of the stock is currently owned by insiders.

Ring Energy Stock Performance

Ring Energy stock opened at $0.79 on Monday. Ring Energy, Inc. has a 52 week low of $0.73 and a 52 week high of $2.06. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.46. The stock has a market cap of $156.48 million, a P/E ratio of 1.39 and a beta of 1.55. The stock has a 50 day moving average of $0.94 and a 200-day moving average of $1.30.

Analysts Set New Price Targets

A number of research analysts have recently commented on REI shares. Industrial Alliance Securities set a $2.50 target price on shares of 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 report on Friday, March 7th.

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.