Vanguard Personalized Indexing Management LLC Has $113,000 Position in Ring Energy, Inc. $REI

Vanguard Personalized Indexing Management LLC raised its stake in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) by 49.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,653 shares of the company’s stock after purchasing an additional 46,945 shares during the period. Vanguard Personalized Indexing Management LLC owned 0.07% of Ring Energy worth $113,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of REI. Valeo Financial Advisors LLC bought a new stake in Ring Energy during the second quarter valued at about $25,000. Arkadios Wealth Advisors boosted its stake in Ring Energy by 97.7% during the 1st quarter. Arkadios Wealth Advisors now owns 23,429 shares of the company’s stock valued at $27,000 after purchasing an additional 11,579 shares during the period. Abel Hall LLC acquired a new stake in Ring Energy in the 2nd quarter valued at approximately $28,000. CWM LLC increased its position in Ring Energy by 99.3% in the 1st quarter. CWM LLC now owns 27,773 shares of the company’s stock worth $32,000 after buying an additional 13,840 shares during the period. Finally, Ullmann Wealth Partners Group LLC lifted its holdings in shares of Ring Energy by 53.4% during the second quarter. Ullmann Wealth Partners Group LLC now owns 44,028 shares of the company’s stock worth $35,000 after buying an additional 15,330 shares during the last quarter. 77.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

REI has been the topic of several research reports. Alliance Global Partners began coverage on shares of Ring Energy in a report on Friday, July 11th. They set a “buy” rating and a $2.50 price objective on the stock. Zacks Research raised Ring Energy from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2.50.

Ring Energy Price Performance

Shares of REI stock opened at $1.03 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.63 and a quick ratio of 0.58. The stock’s fifty day simple moving average is $1.03 and its 200 day simple moving average is $0.89. Ring Energy, Inc. has a one year low of $0.72 and a one year high of $1.77. The firm has a market cap of $212.74 million, a price-to-earnings ratio of 2.94 and a beta of 1.02.

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.