XTX Topco Ltd Lowers Holdings in Ring Energy, Inc. (NYSEAMERICAN:REI)

XTX Topco Ltd decreased its position in Ring Energy, Inc. (NYSEAMERICAN:REI) by 65.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 99,802 shares of the company’s stock after selling 189,236 shares during the period. XTX Topco Ltd owned 0.05% of Ring Energy worth $115,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of REI. Marshall Wace LLP purchased a new stake in Ring Energy during the fourth quarter worth $1,378,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Ring Energy by 639.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 82,559 shares of the company’s stock worth $95,000 after buying an additional 71,388 shares during the period. BNP Paribas Financial Markets lifted its holdings in Ring Energy by 15.6% during the fourth quarter. BNP Paribas Financial Markets now owns 168,590 shares of the company’s stock worth $229,000 after buying an additional 22,790 shares during the period. Millennium Management LLC lifted its holdings in shares of Ring Energy by 358.0% during the 4th quarter. Millennium Management LLC now owns 1,082,632 shares of the company’s stock valued at $1,472,000 after purchasing an additional 846,241 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Ring Energy by 103.1% during the 4th quarter. Cetera Investment Advisers now owns 90,257 shares of the company’s stock valued at $123,000 after purchasing an additional 45,822 shares during the last quarter. Hedge funds and other institutional investors own 77.14% of the company’s stock.

Insider Activity

In related news, major shareholder Warburg Pincus (E&P) Xii Llc sold 2,486,027 shares of the business’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $0.92, for a total value of $2,287,144.84. Following the completion of the sale, the insider directly owned 20,509,300 shares of the company’s stock, valued at $18,868,556. The trade was a 10.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have acquired 142,272 shares of company stock worth $115,730 and have sold 6,085,697 shares worth $5,136,078. Company insiders own 3.00% of the company’s stock.

Ring Energy Stock Performance

NYSEAMERICAN:REI opened at $0.92 on Friday. The company has a fifty day simple moving average of $0.79 and a two-hundred day simple moving average of $1.00. The company has a market cap of $190.37 million, a price-to-earnings ratio of 2.63 and a beta of 0.80. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.50. Ring Energy, Inc. has a 52 week low of $0.72 and a 52 week high of $1.94.

Ring Energy Announces Dividend

The company also recently disclosed a jun 25 dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were given a dividend of $0.0965 per share.

Analyst Ratings Changes

Separately, Alliance Global Partners began coverage on Ring Energy in a research report on Friday, July 11th. They issued a “buy” rating and a $2.50 target price on the stock.

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.