EntryPoint Capital LLC Has $238,000 Stock Position in Ring Energy, Inc. (NYSEAMERICAN:REI)

EntryPoint Capital LLC boosted its holdings in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) by 665.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 175,300 shares of the company’s stock after purchasing an additional 152,406 shares during the period. EntryPoint Capital LLC’s holdings in Ring Energy were worth $238,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Ring Energy by 4,564.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,086,251 shares of the company’s stock worth $4,938,000 after buying an additional 3,020,092 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Ring Energy in the fourth quarter worth about $1,167,000. Geode Capital Management LLC boosted its stake in shares of Ring Energy by 34.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,970,929 shares of the company’s stock valued at $4,754,000 after purchasing an additional 763,907 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Ring Energy by 196.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,893 shares of the company’s stock valued at $564,000 after purchasing an additional 274,933 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Ring Energy by 2,244.6% during the 3rd quarter. Franklin Resources Inc. now owns 235,168 shares of the company’s stock worth $381,000 after purchasing an additional 225,138 shares in the last quarter. Institutional investors and hedge funds own 77.14% of the company’s stock.

Insider Buying and Selling at Ring Energy

In other news, CEO Paul D. Mckinney purchased 200,000 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $1.08 per share, for a total transaction of $216,000.00. Following the transaction, the chief executive officer now owns 2,966,054 shares of the company’s stock, valued at approximately $3,203,338.32. This trade represents a 7.23 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Warburg Pincus (E&P) Xii Llc sold 6,575,000 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1.23, for a total transaction of $8,087,250.00. Following the completion of the sale, the insider now directly owns 28,945,643 shares in the company, valued at approximately $35,603,140.89. This represents a 18.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Alliance Global Partners restated a “buy” rating on shares of Ring Energy in a research report on Friday, March 7th. Industrial Alliance Securities set a $2.50 price objective on Ring Energy in a research report on Friday, March 7th.

Ring Energy Price Performance

Shares of NYSEAMERICAN REI opened at $1.16 on Friday. The firm has a 50 day simple moving average of $1.31. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.46. Ring Energy, Inc. has a 1 year low of $1.05 and a 1 year high of $2.20. The company has a market cap of $229.91 million, a price-to-earnings ratio of 2.04 and a beta of 1.55.

About Ring Energy

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.