Ring Energy Inc (REI) Stake Raised by Eagle Boston Investment Management Inc.

Eagle Boston Investment Management Inc. lifted its holdings in Ring Energy Inc (NYSEAMERICAN:REI) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 846,737 shares of the company’s stock after buying an additional 36,889 shares during the quarter. Ring Energy makes up about 1.2% of Eagle Boston Investment Management Inc.’s portfolio, making the stock its 26th biggest position. Eagle Boston Investment Management Inc. owned 1.56% of Ring Energy worth $11,769,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas bought a new position in Ring Energy in the fourth quarter worth approximately $238,000. 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. Victory Capital Management Inc. grew its stake in Ring Energy by 7.0% in the fourth quarter. Victory Capital Management Inc. now owns 132,282 shares of the company’s stock worth $1,839,000 after purchasing an additional 8,620 shares in the last quarter. Fisher Asset Management LLC grew its stake in Ring Energy by 12.0% in the fourth quarter. Fisher Asset Management LLC now owns 226,201 shares of the company’s stock worth $3,144,000 after purchasing an additional 24,307 shares in the last quarter. Finally, 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.

In other news, insider Daniel D. Wilson sold 50,000 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $13.77, for a total transaction of $688,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kelly W. Hoffman sold 51,238 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $13.79, for a total value of $706,572.02. The disclosure for this sale can be found here. Insiders have sold a total of 262,724 shares of company stock worth $3,727,430 in the last ninety days.

Shares of Ring Energy Inc (NYSEAMERICAN REI) opened at $15.66 on Thursday. The stock has a market capitalization of $833.23, a price-to-earnings ratio of 142.36 and a beta of 0.23. Ring Energy Inc has a 52-week low of $9.22 and a 52-week high of $15.95.

Several brokerages recently issued reports on REI. B. Riley began coverage on Ring Energy in a research note on Monday, February 5th. They issued a “buy” rating and a $22.00 price objective on the stock. Northland Securities set a $20.00 target price on Ring Energy and gave the company a “buy” rating in a research report on Saturday, October 21st. Roth Capital set a $22.00 target price on Ring Energy and gave the company a “buy” rating in a research report on Tuesday, January 16th. SunTrust Banks reaffirmed a “buy” rating and set a $19.00 target price on shares of Ring Energy in a research report on Friday, November 10th. Finally, KLR Group started coverage on Ring Energy in a research report on Thursday, January 11th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $19.00.

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Ring Energy Company 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.

Institutional Ownership by Quarter for Ring Energy (NYSEAMERICAN:REI)

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