Barclays PLC Boosts Stock Position in Ring Energy, Inc. (NYSEAMERICAN:REI)

Barclays PLC increased its holdings in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) by 272.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,186 shares of the company’s stock after buying an additional 142,074 shares during the period. Barclays PLC’s holdings in Ring Energy were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in Ring Energy by 4.0% in the 2nd quarter. AQR Capital Management LLC now owns 3,574,169 shares of the company’s stock worth $6,040,000 after buying an additional 136,109 shares during the last quarter. State Street Corp boosted its stake in shares of Ring Energy by 0.6% in the third quarter. State Street Corp now owns 2,398,808 shares of the company’s stock worth $3,838,000 after acquiring an additional 13,495 shares during the last quarter. American Century Companies Inc. increased its position in shares of Ring Energy by 42.6% during the second quarter. American Century Companies Inc. now owns 1,967,501 shares of the company’s stock worth $3,325,000 after purchasing an additional 587,690 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Ring Energy by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,264,640 shares of the company’s stock valued at $2,137,000 after purchasing an additional 122,851 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Ring Energy by 50.4% in the 2nd quarter. Renaissance Technologies LLC now owns 787,600 shares of the company’s stock valued at $1,331,000 after purchasing an additional 264,010 shares in the last quarter. Hedge funds and other institutional investors own 77.14% of the company’s stock.

Ring Energy Price Performance

REI opened at $1.44 on Friday. The company has a market capitalization of $285.41 million, a price-to-earnings ratio of 2.53 and a beta of 1.59. Ring Energy, Inc. has a 1-year low of $1.21 and a 1-year high of $2.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.49 and a current ratio of 0.54.

Ring Energy (NYSEAMERICAN:REI) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $83.27 million. Equities research analysts anticipate that Ring Energy, Inc. will post 0.34 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity at Ring Energy

In other Ring Energy 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 shares were 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. This trade represents a 11.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by insiders.

About Ring Energy

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.