Mraz Amerine & Associates Inc. Buys New Holdings in Ring Energy, Inc. (NYSEAMERICAN:REI)

Mraz Amerine & Associates Inc. acquired a new stake in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $27,000.

A number of other hedge funds also recently bought and sold shares of the business. Capital Advisors Inc. OK purchased a new position in shares of Ring Energy in the 4th quarter valued at approximately $68,000. Empowered Funds LLC grew its holdings in shares of Ring Energy by 5.1% during the fourth quarter. Empowered Funds LLC now owns 721,111 shares of the company’s stock valued at $981,000 after buying an additional 34,857 shares during the last quarter. R Squared Ltd purchased a new stake in Ring Energy during the 4th quarter valued at $41,000. SG Americas Securities LLC increased its holdings in Ring Energy by 112.5% in the 4th quarter. SG Americas Securities LLC now owns 147,280 shares of the company’s stock worth $200,000 after buying an additional 77,963 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Ring Energy by 4,564.9% in the third quarter. JPMorgan Chase & Co. now owns 3,086,251 shares of the company’s stock worth $4,938,000 after acquiring an additional 3,020,092 shares during the period. Hedge funds and other institutional investors own 77.14% of the company’s stock.

Ring Energy Price Performance

NYSEAMERICAN:REI opened at $1.36 on Tuesday. Ring Energy, Inc. has a 52-week low of $1.21 and a 52-week high of $2.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.54 and a quick ratio of 0.49. The stock has a market cap of $269.55 million, a price-to-earnings ratio of 3.49 and a beta of 1.55.

Analysts Set New Price Targets

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

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.