Marshall Wace LLP Acquires Shares of 35,541 Ring Energy, Inc. (NYSEAMERICAN:REI)

Marshall Wace LLP bought a new position in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 35,541 shares of the company’s stock, valued at approximately $60,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. XTX Topco Ltd lifted its stake in shares of Ring Energy by 399.8% during the 2nd quarter. XTX Topco Ltd now owns 241,869 shares of the company’s stock worth $409,000 after purchasing an additional 193,474 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Ring Energy by 8.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 71,469 shares of the company’s stock worth $121,000 after purchasing an additional 5,672 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Ring Energy by 50.4% in the second quarter. Renaissance Technologies LLC now owns 787,600 shares of the company’s stock worth $1,331,000 after acquiring an additional 264,010 shares during the last quarter. American Century Companies Inc. lifted its holdings in Ring Energy by 42.6% in the second quarter. American Century Companies Inc. now owns 1,967,501 shares of the company’s stock worth $3,325,000 after acquiring an additional 587,690 shares during the last quarter. Finally, Caprock Group LLC lifted its holdings in Ring Energy by 44.0% in the second quarter. Caprock Group LLC now owns 21,776 shares of the company’s stock worth $37,000 after acquiring an additional 6,655 shares during the last quarter. Institutional investors and hedge funds own 77.14% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Ring Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 15th.

Ring Energy Stock Up 1.8 %

REI stock opened at $1.68 on Monday. The firm has a market capitalization of $332.93 million, a P/E ratio of 4.67 and a beta of 1.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.45. Ring Energy, Inc. has a 1 year low of $1.25 and a 1 year high of $2.20.

Ring Energy (NYSEAMERICAN:REI) last posted its earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. The business had revenue of $99.14 million for the quarter, compared to analysts’ expectations of $98.29 million. Ring Energy had a net margin of 18.41% and a return on equity of 10.94%. As a group, sell-side analysts forecast that Ring Energy, Inc. will post 0.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ring Energy news, major shareholder Warburg Pincus & Co Us, Llc sold 4,400,000 shares of the stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $1.62, for a total value of $7,128,000.00. Following the sale, the insider now directly owns 35,520,643 shares in the company, valued at approximately $57,543,441.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.

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.