Ring Energy, Inc. (NYSEAMERICAN:REI) Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC decreased its position in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) by 17.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,850 shares of the company’s stock after selling 7,500 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Ring Energy were worth $56,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. ClearAlpha Technologies LP acquired a new stake in shares of Ring Energy during the 3rd quarter valued at about $250,000. De Lisle Partners LLP grew its holdings in Ring Energy by 12.8% in the third quarter. De Lisle Partners LLP now owns 585,957 shares of the company’s stock valued at $940,000 after purchasing an additional 66,457 shares during the period. CreativeOne Wealth LLC purchased a new stake in shares of Ring Energy in the third quarter valued at approximately $26,000. Charles Schwab Investment Management Inc. raised its stake in shares of Ring Energy by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 378,747 shares of the company’s stock worth $606,000 after buying an additional 16,952 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Ring Energy during the 3rd quarter valued at approximately $96,000. 77.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ring Energy

In related news, major shareholder Warburg Pincus & Co Us, Llc sold 4,400,000 shares of the business’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $1.62, for a total value of $7,128,000.00. Following the sale, the insider now directly owns 35,520,643 shares in the company, valued at approximately $57,543,441.66. The trade was a 11.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.60% of the company’s stock.

Ring Energy Stock Performance

Shares of Ring Energy stock opened at $1.39 on Friday. 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 company has a market cap of $275.50 million, a PE ratio of 2.44 and a beta of 1.59. Ring Energy, Inc. has a 1-year low of $1.25 and a 1-year high of $2.20.

Ring Energy (NYSEAMERICAN:REI) last issued its earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. Ring Energy had a return on equity of 9.21% and a net margin of 29.44%. The company had revenue of $89.24 million during the quarter, compared to analysts’ expectations of $83.27 million. On average, equities analysts expect that Ring Energy, Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

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