Wellington Management Group LLP Takes Position in Ring Energy, Inc. (NYSEAMERICAN:REI)

Wellington Management Group LLP purchased a new position in Ring Energy, Inc. (NYSEAMERICAN:REI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 60,248 shares of the company’s stock, valued at approximately $96,000.

Several other institutional investors have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC boosted its position in Ring Energy by 8.6% during 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 during the period. Caprock Group LLC lifted its stake in shares of Ring Energy by 44.0% during the 2nd quarter. Caprock Group LLC now owns 21,776 shares of the company’s stock valued at $37,000 after buying an additional 6,655 shares in the last quarter. Ullmann Wealth Partners Group LLC lifted its stake in shares of Ring Energy by 58.8% during the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 20,469 shares of the company’s stock valued at $33,000 after buying an additional 7,583 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Ring Energy by 15.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 60,334 shares of the company’s stock worth $102,000 after buying an additional 8,165 shares during the period. Finally, Catalina Capital Group LLC grew its stake in Ring Energy by 38.7% in the 3rd quarter. Catalina Capital Group LLC now owns 36,530 shares of the company’s stock valued at $58,000 after buying an additional 10,201 shares in the last quarter. Hedge funds and other institutional investors own 77.14% of the company’s stock.

Ring Energy Stock Performance

Shares of REI opened at $1.25 on Friday. Ring Energy, Inc. has a twelve month low of $1.23 and a twelve month high of $2.20. The stock has a market cap of $247.75 million, a PE ratio of 2.19 and a beta of 1.59. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.46.

Ring Energy (NYSEAMERICAN:REI) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. Ring Energy had a net margin of 29.44% and a return on equity of 9.21%. The company had revenue of $89.24 million during the quarter, compared to analysts’ expectations of $83.27 million. As a group, equities research analysts forecast that Ring Energy, Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Ring Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Insider Activity

In related news, major shareholder Warburg Pincus & Co Us, Llc sold 4,400,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $57,543,441.66. This trade represents a 11.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.60% of the company’s stock.

Ring Energy 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.