Barclays PLC Has $303,000 Holdings in Ring Energy, Inc. (NYSEAMERICAN:REI)

Barclays PLC raised its position in Ring Energy, Inc. (NYSEAMERICAN:REI) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 222,884 shares of the company’s stock after buying an additional 28,698 shares during the period. Barclays PLC’s holdings in Ring Energy were worth $303,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Ring Energy by 4,564.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,086,251 shares of the company’s stock worth $4,938,000 after purchasing an additional 3,020,092 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Ring Energy in the 4th quarter worth approximately $174,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Ring Energy by 196.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,893 shares of the company’s stock worth $564,000 after purchasing an additional 274,933 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in Ring Energy in the 4th quarter worth approximately $1,167,000. Finally, Victory Capital Management Inc. raised its position in Ring Energy by 47.7% in the 4th quarter. Victory Capital Management Inc. now owns 175,922 shares of the company’s stock worth $239,000 after purchasing an additional 56,843 shares during the last quarter. 77.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on REI shares. Alliance Global Partners restated a “buy” rating on shares of Ring Energy in a research report on Friday, March 7th. Industrial Alliance Securities set a $2.50 price target on shares of Ring Energy in a research note on Friday, March 7th.

Insider Buying and Selling

In other Ring Energy news, major shareholder Warburg Pincus (E&P) Xii Llc sold 6,575,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1.23, for a total value of $8,087,250.00. Following the completion of the sale, the insider now owns 28,945,643 shares of the company’s stock, valued at approximately $35,603,140.89. This represents a 18.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Paul D. Mckinney bought 200,000 shares of the stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $1.08 per share, with a total value of $216,000.00. Following the purchase, the chief executive officer now directly owns 2,966,054 shares of the company’s stock, valued at approximately $3,203,338.32. This represents a 7.23% increase in their position. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by insiders.

Ring Energy Trading Up 3.4%

REI opened at $0.85 on Monday. 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 company has a market cap of $167.97 million, a price-to-earnings ratio of 1.49 and a beta of 1.55. The firm has a 50 day simple moving average of $1.01 and a 200 day simple moving average of $1.34. Ring Energy, Inc. has a fifty-two week low of $0.78 and a fifty-two week high of $2.06.

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.