AQR Capital Management LLC Boosts Holdings in Ring Energy, Inc. (NYSEAMERICAN:REI)

AQR Capital Management LLC lifted its stake in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,574,169 shares of the company’s stock after acquiring an additional 136,109 shares during the period. AQR Capital Management LLC owned 1.80% of Ring Energy worth $6,040,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Marshall Wace LLP acquired a new stake in shares of Ring Energy during the 2nd quarter worth $60,000. XTX Topco Ltd increased its stake in Ring Energy by 399.8% during the second quarter. XTX Topco Ltd now owns 241,869 shares of the company’s stock worth $409,000 after acquiring an additional 193,474 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Ring Energy by 8.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 71,469 shares of the company’s stock worth $121,000 after purchasing an additional 5,672 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Ring Energy by 50.4% in the 2nd quarter. Renaissance Technologies LLC now owns 787,600 shares of the company’s stock worth $1,331,000 after purchasing an additional 264,010 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Ring Energy by 42.6% in the 2nd quarter. American Century Companies Inc. now owns 1,967,501 shares of the company’s stock valued at $3,325,000 after purchasing an additional 587,690 shares in the last quarter. 77.14% of the stock is owned by institutional investors and hedge funds.

Ring Energy Trading Down 3.3 %

Shares of REI stock opened at $1.74 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $344.82 million, a price-to-earnings ratio of 4.35 and a beta of 1.63. Ring Energy, Inc. has a 12 month low of $1.25 and a 12 month high of $2.20.

Ring Energy (NYSEAMERICAN:REI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. Ring Energy had a return on equity of 10.94% and a net margin of 18.41%. The firm had revenue of $99.14 million during the quarter, compared to the consensus estimate of $98.29 million. On average, analysts anticipate that Ring Energy, Inc. will post 0.43 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Warburg Pincus & Co Us, Llc sold 6,200,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 39,920,643 shares in the company, valued at approximately $65,469,854.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Ring Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 15th.

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.