Encompass Capital Advisors LLC grew its holdings in shares of Ring Energy Inc (NYSEAMERICAN:REI) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,692,102 shares of the company’s stock after buying an additional 40,592 shares during the quarter. Ring Energy accounts for about 5.3% of Encompass Capital Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Encompass Capital Advisors LLC’s holdings in Ring Energy were worth $37,420,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in REI. Ninepoint Partners LP bought a new position in Ring Energy in the fourth quarter worth approximately $1,119,000. Dalton Greiner Hartman Maher & Co. grew its stake in Ring Energy by 44.8% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 242,973 shares of the company’s stock worth $3,377,000 after purchasing an additional 75,194 shares in the last quarter. Perkins Capital Management Inc. grew its stake in Ring Energy by 767.3% in the fourth quarter. Perkins Capital Management Inc. now owns 86,725 shares of the company’s stock worth $1,205,000 after purchasing an additional 76,725 shares in the last quarter. Ranger Investment Management L.P. grew its stake in Ring Energy by 6.8% in the fourth quarter. Ranger Investment Management L.P. now owns 179,625 shares of the company’s stock worth $2,497,000 after purchasing an additional 11,490 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. grew its stake in Ring Energy by 4.6% in the fourth quarter. Eagle Boston Investment Management Inc. now owns 846,737 shares of the company’s stock worth $11,769,000 after purchasing an additional 36,889 shares in the last quarter.
Shares of Ring Energy Inc (REI) opened at $14.00 on Friday. The firm has a market capitalization of $765.35, a price-to-earnings ratio of 127.27 and a beta of 0.27. Ring Energy Inc has a twelve month low of $9.22 and a twelve month high of $16.09.
In other Ring Energy news, CFO William Randall Broaddrick sold 75,000 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $14.02, for a total transaction of $1,051,500.00. Following the completion of the sale, the chief financial officer now owns 50,000 shares in the company, valued at $701,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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Ring Energy Profile
Ring Energy, Inc (Ring) is an exploration and production company that is engaged in oil and natural gas acquisition, exploration, development and production activities. The Company’s exploration and production interests are focused on Texas and Kansas. Its operations are all oil and gas exploration and production related activities in the United States.
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