Segall Bryant & Hamill LLC Invests $1.17 Million in Ring Energy, Inc. (NYSEAMERICAN:REI)

Segall Bryant & Hamill LLC purchased a new stake in Ring Energy, Inc. (NYSEAMERICAN:REI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 857,928 shares of the company’s stock, valued at approximately $1,167,000.

A number of other large investors have also recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of Ring Energy by 34.6% during the third quarter. Geode Capital Management LLC now owns 2,970,929 shares of the company’s stock worth $4,754,000 after buying an additional 763,907 shares in the last quarter. Barclays PLC grew its position in Ring Energy by 272.6% during the 3rd quarter. Barclays PLC now owns 194,186 shares of the company’s stock worth $311,000 after acquiring an additional 142,074 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Ring Energy by 4,564.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,086,251 shares of the company’s stock valued at $4,938,000 after purchasing an additional 3,020,092 shares in the last quarter. Franklin Resources Inc. raised its position in Ring Energy by 2,244.6% in the 3rd quarter. Franklin Resources Inc. now owns 235,168 shares of the company’s stock valued at $381,000 after purchasing an additional 225,138 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Ring Energy by 196.4% during the fourth 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. 77.14% of the stock is currently owned by institutional investors.

Insider Transactions at Ring Energy

In other Ring Energy news, CEO Paul D. Mckinney acquired 200,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $1.08 per share, for a total transaction of $216,000.00. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Warburg Pincus (E&P) Xii Llc sold 6,575,000 shares of Ring Energy stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1.23, for a total transaction of $8,087,250.00. Following the sale, the insider now directly owns 28,945,643 shares of the company’s stock, valued at $35,603,140.89. This represents a 18.51 % decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

Ring Energy Stock Performance

NYSEAMERICAN:REI opened at $1.16 on Friday. The firm has a market cap of $229.91 million, a P/E ratio of 2.04 and a beta of 1.55. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.49 and a current ratio of 0.54. The stock’s fifty day moving average price is $1.31. Ring Energy, Inc. has a 52-week low of $1.05 and a 52-week high of $2.20.

Wall Street Analysts Forecast Growth

REI has been the topic of several research reports. Industrial Alliance Securities set a $2.50 price target on shares of Ring Energy in a research report on Friday, March 7th. Alliance Global Partners reiterated a “buy” rating on shares of Ring Energy in a research report on Friday, March 7th.

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.