Ring Energy, Inc. (NYSEAMERICAN:REI) Holdings Lifted by Creative Planning

Creative Planning lifted its stake in Ring Energy, Inc. (NYSEAMERICAN:REI) by 77.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 118,139 shares of the company’s stock after purchasing an additional 51,429 shares during the quarter. Creative Planning’s holdings in Ring Energy were worth $189,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of REI. Delap Wealth Advisory LLC purchased a new position in Ring Energy in the 1st quarter worth about $27,000. CreativeOne Wealth LLC purchased a new position in Ring Energy in the 1st quarter worth about $31,000. Walleye Trading LLC increased its stake in Ring Energy by 255.9% in the 1st quarter. Walleye Trading LLC now owns 16,213 shares of the company’s stock worth $32,000 after purchasing an additional 26,613 shares in the last quarter. Caprock Group LLC increased its stake in Ring Energy by 44.0% in the 2nd quarter. Caprock Group LLC now owns 21,776 shares of the company’s stock worth $37,000 after purchasing an additional 6,655 shares in the last quarter. Finally, CWM LLC increased its stake in Ring Energy by 448.3% in the 2nd quarter. CWM LLC now owns 23,367 shares of the company’s stock worth $39,000 after purchasing an additional 19,105 shares in the last quarter. Hedge funds and other institutional investors own 77.14% of the company’s stock.

Insider Activity

In other news, major shareholder Warburg Pincus & Co Us, Llc sold 4,400,000 shares of Ring Energy stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $1.62, for a total transaction of $7,128,000.00. Following the completion of the sale, the insider now directly owns 35,520,643 shares in the company, valued at $57,543,441.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is owned by corporate insiders.

Ring Energy Stock Up 1.9 %

NYSEAMERICAN:REI opened at $1.58 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.45 and a current ratio of 0.54. Ring Energy, Inc. has a fifty-two week low of $1.25 and a fifty-two week high of $2.20. The stock has a market cap of $313.16 million, a price-to-earnings ratio of 2.77 and a beta of 1.63.

Ring Energy (NYSEAMERICAN:REI) last released its earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. Ring Energy had a return on equity of 9.21% and a net margin of 29.44%. The company had revenue of $89.24 million for the quarter, compared to analysts’ expectations of $83.27 million. As a group, research analysts expect that Ring Energy, Inc. will post 0.33 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut Ring Energy from a “buy” rating to a “hold” rating in a research note on Friday.

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.