XTX Topco Ltd Buys 102,356 Shares of Ring Energy, Inc. (NYSEAMERICAN:REI)

XTX Topco Ltd grew its stake in Ring Energy, Inc. (NYSEAMERICAN:REI) by 42.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,225 shares of the company’s stock after acquiring an additional 102,356 shares during the period. XTX Topco Ltd’s holdings in Ring Energy were worth $551,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of REI. CWM LLC raised its holdings in shares of Ring Energy by 448.3% in the second quarter. CWM LLC now owns 23,367 shares of the company’s stock valued at $39,000 after acquiring an additional 19,105 shares in the last quarter. American Century Companies Inc. increased its position in Ring Energy by 42.6% during the 2nd quarter. American Century Companies Inc. now owns 1,967,501 shares of the company’s stock valued at $3,325,000 after purchasing an additional 587,690 shares during the period. Cetera Advisors LLC raised its holdings in shares of Ring Energy by 89.6% in the 1st quarter. Cetera Advisors LLC now owns 34,130 shares of the company’s stock valued at $67,000 after purchasing an additional 16,130 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Ring Energy by 7.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 132,995 shares of the company’s stock worth $261,000 after purchasing an additional 8,792 shares during the period. Finally, Diversified Trust Co bought a new position in shares of Ring Energy during the second quarter valued at approximately $51,000. 77.14% of the stock is owned by hedge funds and other institutional investors.

Ring Energy Price Performance

REI opened at $1.39 on Friday. 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 firm has a market capitalization of $275.50 million, a PE ratio of 2.44 and a beta of 1.59. Ring Energy, Inc. has a 12 month low of $1.25 and a 12 month high of $2.20.

Ring Energy (NYSEAMERICAN:REI) last announced its earnings results on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Ring Energy had a net margin of 29.44% and a return on equity of 9.21%. The business had revenue of $89.24 million during the quarter, compared to the consensus estimate of $83.27 million. Analysts expect that Ring Energy, Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Ring Energy 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 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 company insiders.

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.