CreativeOne Wealth LLC Buys New Shares in Ring Energy, Inc. (NYSEAMERICAN:REI)

CreativeOne Wealth LLC bought a new stake in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,000 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Ring Energy by 26.5% during the first quarter. Vanguard Group Inc. now owns 5,068,526 shares of the company’s stock valued at $9,934,000 after acquiring an additional 1,062,654 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Ring Energy during the first quarter valued at approximately $47,000. CWM LLC raised its holdings in shares of Ring Energy by 448.3% during 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 during the period. American Century Companies Inc. raised its holdings 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 valued at $3,325,000 after acquiring an additional 587,690 shares during the period. Finally, Cetera Advisors LLC raised its holdings in shares of Ring Energy by 89.6% during the first quarter. Cetera Advisors LLC now owns 34,130 shares of the company’s stock valued at $67,000 after acquiring an additional 16,130 shares during the period. 77.14% of the stock is owned by institutional investors and hedge funds.

Ring Energy Stock Performance

Shares of REI opened at $1.50 on Wednesday. Ring Energy, Inc. has a 12 month low of $1.25 and a 12 month high of $2.20. The firm has a market cap of $297.30 million, a PE ratio of 2.63 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 posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $89.24 million during the quarter, compared to the consensus estimate of $83.27 million. Ring Energy had a net margin of 29.44% and a return on equity of 9.21%. Analysts expect that Ring Energy, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling

In other Ring Energy news, major shareholder Warburg Pincus & Co Us, Llc sold 6,200,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $1.64, for a total value of $10,168,000.00. Following the completion of the sale, the insider now directly owns 39,920,643 shares of the company’s stock, valued at $65,469,854.52. This represents a 13.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Ring Energy from a “buy” rating to a “hold” rating in a research note 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.