De Lisle Partners LLP Boosts Stock Position in Ring Energy, Inc. (NYSEAMERICAN:REI)

De Lisle Partners LLP raised its holdings in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) by 12.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 585,957 shares of the company’s stock after acquiring an additional 66,457 shares during the period. De Lisle Partners LLP owned approximately 0.30% of Ring Energy worth $940,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CreativeOne Wealth LLC purchased a new position in shares of Ring Energy during the 3rd quarter valued at approximately $26,000. Walleye Trading LLC raised its position in shares of Ring Energy by 255.9% in the first quarter. Walleye Trading LLC now owns 16,213 shares of the company’s stock worth $32,000 after acquiring an additional 26,613 shares during the period. Ullmann Wealth Partners Group LLC boosted its stake in shares of Ring Energy by 58.8% during the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 20,469 shares of the company’s stock worth $33,000 after acquiring an additional 7,583 shares in the last quarter. Caprock Group LLC grew its position in shares of Ring Energy by 44.0% during the 2nd quarter. Caprock Group LLC now owns 21,776 shares of the company’s stock valued at $37,000 after acquiring an additional 6,655 shares during the period. Finally, CWM LLC increased its stake in shares of Ring Energy by 448.3% in the 2nd quarter. CWM LLC now owns 23,367 shares of the company’s stock valued at $39,000 after purchasing an additional 19,105 shares in the last quarter. 77.14% of the stock is owned by hedge funds and other institutional investors.

Ring Energy Price Performance

NYSEAMERICAN REI opened at $1.50 on Friday. Ring Energy, Inc. has a one year low of $1.25 and a one year 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 firm has a market capitalization of $297.30 million, a P/E ratio of 4.05 and a beta of 1.63.

Ring Energy (NYSEAMERICAN:REI) last posted its quarterly earnings results 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 net margin of 29.44% and a return on equity of 9.21%. The firm had revenue of $89.24 million for the quarter, compared to analyst estimates of $83.27 million. On average, equities research analysts expect that Ring Energy, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Ring Energy

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 on Tuesday, October 8th. The stock was 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 owns 35,520,643 shares of the company’s stock, valued at $57,543,441.66. This trade represents a 11.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded 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.