1 day Ago By Defense World Staff
Bank of New York Mellon Corp boosted its stake in shares of Ring Energy, Inc. ( NYSEAMERICAN:REI – Free Report ) by 10.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund owned 1,264,640 shares of the company’s stock after acquiring an additional 122,851 shares during the quarter. Bank of New York Mellon Corp owned about 0.64% of Ring Energy worth $2,137,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Ring Energy by 26.
5% in the 1st quarter. Vanguard Group Inc. now owns 5,068,526 shares of the company’s stock valued at $9,934,000 after acquiring an additional 1,062,654 shares during the last quarter.
Empowered Funds LLC grew its holdings in shares of Ring Energy by 8.2% in the first quarter. Empowered Funds LLC now owns 535,600 shares of the company’s stock worth $1,050,000 after purchasing an additional 40,567 shares during the last quarter.
GSA Capital Partners LLP increased its stake in Ring Energy by 61.5% in the 1st 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 period.
Quadrature Capital Ltd lifted its holdings in Ring Energy by 72.4% during the 4th quarter. Quadrature Capital Ltd now owns 224,295 shares of the company’s stock valued at $327,000 after buying an additional 94,189 shares in the last quarter.
Finally, IPG Investment Advisors LLC bought a new stake in Ring Energy during the 4th quarter valued at about $235,000. 77.14% of the stock is owned by institutional investors.
Analysts Set New Price Targets 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 Trading Up 1.
7 % Shares of NYSEAMERICAN REI opened at $1.77 on Wednesday. Ring Energy, Inc.
has a 52 week low of $1.25 and a 52 week high of $2.20.
The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.45 and a current ratio of 0.
50. The company has a market capitalization of $350.76 million, a P/E ratio of 4.
43 and a beta of 1.63. Ring Energy ( NYSEAMERICAN:REI – Get Free Report ) last issued its quarterly earnings data on Tuesday, August 6th.
The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11.
Ring Energy had a net margin of 18.41% and a return on equity of 10.94%.
The business had revenue of $99.14 million for the quarter, compared to analysts’ expectations of $98.29 million.
On average, sell-side analysts expect that Ring Energy, Inc. will post 0.43 EPS for the current fiscal year.
About Ring Energy ( Free Report ) 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. Featured Stories Five stocks we like better than Ring Energy What is the Dow Jones Industrial Average (DJIA)? Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? Best Stocks Under $10.
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