American Century Companies Inc. Decreases Stock Position in Ring Energy, Inc. (NYSEAMERICAN:REI)

American Century Companies Inc. decreased its stake in shares of Ring Energy, Inc. (NYSEAMERICAN:REI - Free Report) by 66.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 926,333 shares of the company's stock after selling 1,815,236 shares during the period. American Century Companies Inc. owned approximately 0.47% of Ring Energy worth $1,260,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Ring Energy by 4,564.9% during the third quarter. JPMorgan Chase & Co. now owns 3,086,251 shares of the company's stock valued at $4,938,000 after buying an additional 3,020,092 shares during the last quarter. Geode Capital Management LLC grew its position in Ring Energy by 34.6% during the third quarter. Geode Capital Management LLC now owns 2,970,929 shares of the company's stock valued at $4,754,000 after buying an additional 763,907 shares during the period. State Street Corp increased its stake in shares of Ring Energy by 0.6% in the 3rd quarter. State Street Corp now owns 2,398,808 shares of the company's stock worth $3,838,000 after purchasing an additional 13,495 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Ring Energy by 5.1% during the 4th quarter. Empowered Funds LLC now owns 721,111 shares of the company's stock valued at $981,000 after buying an additional 34,857 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Ring Energy by 22.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 463,720 shares of the company's stock valued at $631,000 after buying an additional 84,973 shares in the last quarter. Hedge funds and other institutional investors own 77.14% of the company's stock.

Ring Energy Trading Up 5.7 %

REI stock traded up $0.05 during mid-day trading on Wednesday, reaching $0.87. 119,016 shares of the stock traded hands, compared to its average volume of 1,793,447. The business has a 50-day moving average price of $1.17 and a two-hundred day moving average price of $1.40. The stock has a market capitalization of $171.44 million, a PE ratio of 1.52 and a beta of 1.55. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.49 and a current ratio of 0.54. Ring Energy, Inc. has a one year low of $0.78 and a one year high of $2.09.

Insider Transactions at Ring Energy

In other news, Director John A. Crum purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was purchased at an average price of $1.15 per share, for a total transaction of $57,500.00. Following the completion of the acquisition, the director now owns 564,125 shares of the company's stock, valued at approximately $648,743.75. This trade represents a 9.73 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Paul D. Mckinney bought 200,000 shares of the stock in a transaction on Monday, March 10th. The stock was purchased at an average price of $1.08 per share, with a total value of $216,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,966,054 shares in the company, valued at approximately $3,203,338.32. This trade represents a 7.23 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

REI has been the subject of a number of recent research reports. Alliance Global Partners reissued a "buy" rating on shares of Ring Energy in a report on Friday, March 7th. Industrial Alliance Securities set a $2.50 target price on shares of Ring Energy in a research report on Friday, March 7th.

Ring Energy Company 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.