WINTON GROUP Ltd Has $362,000 Stake in Ring Energy, Inc. (NYSEAMERICAN:REI)

WINTON GROUP Ltd trimmed its holdings in Ring Energy, Inc. (NYSEAMERICAN:REI) by 28.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,286 shares of the company’s stock after selling 83,862 shares during the period. WINTON GROUP Ltd’s holdings in Ring Energy were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in REI. Vanguard Group Inc. raised its position in Ring Energy by 26.5% during the first quarter. Vanguard Group Inc. now owns 5,068,526 shares of the company’s stock valued at $9,934,000 after purchasing an additional 1,062,654 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Ring Energy by 42.6% during the second quarter. American Century Companies Inc. now owns 1,967,501 shares of the company’s stock worth $3,325,000 after buying an additional 587,690 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Ring Energy by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 1,264,640 shares of the company’s stock worth $2,137,000 after buying an additional 122,851 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Ring Energy by 8.2% during the first quarter. Empowered Funds LLC now owns 535,600 shares of the company’s stock worth $1,050,000 after buying an additional 40,567 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of Ring Energy by 61.5% during the first quarter. GSA Capital Partners LLP now owns 455,506 shares of the company’s stock worth $893,000 after buying an additional 173,511 shares during the last quarter. 77.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Ring Energy Price Performance

Shares of Ring Energy stock opened at $1.75 on Thursday. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50. Ring Energy, Inc. has a twelve month low of $1.25 and a twelve month high of $2.20. The firm has a market capitalization of $346.80 million, a P/E ratio of 4.38 and a beta of 1.63.

Ring Energy (NYSEAMERICAN:REI) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $99.14 million for the quarter, compared to analysts’ expectations of $98.29 million. Ring Energy had a net margin of 18.41% and a return on equity of 10.94%. Analysts expect that Ring Energy, Inc. will post 0.43 EPS for the current year.

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.