Ring Energy, Inc. (NYSEAMERICAN:REI – Get Rating) CEO Paul D. Mckinney acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, March 15th. The stock was bought at an average price of $1.72 per share, with a total value of $86,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,270,192 shares in the company, valued at approximately $2,184,730.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ring Energy Stock Down 2.3 %
NYSEAMERICAN REI traded down $0.04 during trading on Friday, hitting $1.70. The company had a trading volume of 3,331,569 shares, compared to its average volume of 2,469,325. The company has a current ratio of 0.45, a quick ratio of 0.38 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $307.07 million, a PE ratio of 1.79 and a beta of 1.95. Ring Energy, Inc. has a one year low of $1.63 and a one year high of $5.09.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of REI. Envestnet Asset Management Inc. bought a new position in shares of Ring Energy in the 1st quarter worth about $185,000. JPMorgan Chase & Co. increased its stake in shares of Ring Energy by 421.2% in the 1st quarter. JPMorgan Chase & Co. now owns 491,475 shares of the company’s stock worth $1,877,000 after acquiring an additional 397,173 shares in the last quarter. Raymond James & Associates increased its stake in Ring Energy by 12.7% during the 1st quarter. Raymond James & Associates now owns 94,997 shares of the company’s stock valued at $363,000 after purchasing an additional 10,697 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Ring Energy by 304.3% in the first quarter. Bank of New York Mellon Corp now owns 118,264 shares of the company’s stock worth $452,000 after buying an additional 89,010 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Ring Energy by 26.4% in the first quarter. American Century Companies Inc. now owns 360,190 shares of the company’s stock worth $1,376,000 after buying an additional 75,339 shares during the last quarter. 35.60% of the stock is currently owned by institutional investors.
Ring Energy Company Profile
Ring Energy, Inc is an oil and gas exploration company, which engages in oil and natural gas acquisition, exploration, development, and production activities. The firm’s areas of operation are situated in the Permian Basin, the Central Basin Platform, and the Delaware Basin. The company was founded by Lloyd T.
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