Oxford Asset Management LLP Takes Position in Ring Energy, Inc. (NYSEAMERICAN:REI)

Oxford Asset Management LLP purchased a new position in Ring Energy, Inc. (NYSEAMERICAN:REI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 53,164 shares of the company’s stock, valued at approximately $72,000.

A number of other hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in Ring Energy by 4,564.9% in the third quarter. JPMorgan Chase & Co. now owns 3,086,251 shares of the company’s stock worth $4,938,000 after purchasing an additional 3,020,092 shares during the last quarter. Geode Capital Management LLC grew its stake in Ring Energy by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 3,060,543 shares of the company’s stock worth $4,163,000 after buying an additional 89,614 shares during the last quarter. State Street Corp increased its position in Ring Energy by 0.6% during the 3rd quarter. State Street Corp now owns 2,398,808 shares of the company’s stock valued at $3,838,000 after buying an additional 13,495 shares in the last quarter. Marshall Wace LLP purchased a new stake in Ring Energy in the fourth quarter valued at about $1,378,000. Finally, First Trust Advisors LP boosted its holdings in Ring Energy by 17.6% in the fourth quarter. First Trust Advisors LP now owns 974,232 shares of the company’s stock worth $1,325,000 after acquiring an additional 145,786 shares in the last quarter. 77.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Ring Energy news, major shareholder Warburg Pincus (E&P) Xii Llc sold 6,575,000 shares of Ring Energy 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 sale, the insider now owns 28,945,643 shares of the company’s stock, valued at $35,603,140.89. The trade was a 18.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Paul D. Mckinney bought 200,000 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $1.08 per share, with a total value of $216,000.00. Following the acquisition, the chief executive officer now directly owns 2,966,054 shares of the company’s stock, valued at approximately $3,203,338.32. This represents a 7.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on REI. Industrial Alliance Securities set a $2.50 price objective on shares of Ring Energy in a report on Friday, March 7th. Alliance Global Partners reaffirmed a “buy” rating on shares of Ring Energy in a report on Friday, March 7th.

Ring Energy Stock Up 1.6 %

Shares of REI opened at $0.93 on Tuesday. The firm has a market cap of $184.66 million, a P/E ratio of 1.63 and a beta of 1.55. Ring Energy, Inc. has a 12 month low of $0.78 and a 12 month high of $2.06. The stock’s 50 day moving average is $1.09 and its two-hundred day moving average is $1.37. 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 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.