Oxford Asset Management LLP Buys Shares of 53,164 Ring Energy, Inc. (NYSEAMERICAN:REI)

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

A number of other hedge funds have also modified their holdings of REI. Mraz Amerine & Associates Inc. purchased a new stake in Ring Energy in the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC grew its stake in shares of Ring Energy by 204.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 26,187 shares of the company’s stock valued at $36,000 after buying an additional 17,574 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Ring Energy in the 3rd quarter valued at $39,000. R Squared Ltd acquired a new position in Ring Energy during the 4th quarter worth about $41,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in Ring Energy by 103.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 32,499 shares of the company’s stock valued at $44,000 after acquiring an additional 16,558 shares during the period. 77.14% of the stock is currently owned by hedge funds and other institutional investors.

Ring Energy Price Performance

Shares of NYSEAMERICAN REI opened at $0.93 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.54 and a quick ratio of 0.49. The company has a market cap of $184.66 million, a price-to-earnings ratio of 1.63 and a beta of 1.55. The stock’s 50-day moving average is $1.09 and its two-hundred day moving average is $1.37. Ring Energy, Inc. has a 1-year low of $0.78 and a 1-year high of $2.06.

Insider Transactions at Ring Energy

In other Ring Energy news, CEO Paul D. Mckinney purchased 200,000 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was bought 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John A. Crum acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was acquired at an average price of $1.15 per share, for a total transaction of $57,500.00. Following the acquisition, the director now owns 564,125 shares in the company, valued at approximately $648,743.75. The trade was a 9.73 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Industrial Alliance Securities set a $2.50 price target on shares of Ring Energy in a research note on Friday, March 7th. Alliance Global Partners reaffirmed a “buy” rating on shares of Ring Energy in a research note on Friday, March 7th.

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.