JPMorgan Chase & Co. Increases Position in Ring Energy, Inc. (NYSEAMERICAN:REI)

JPMorgan Chase & Co. increased its stake in Ring Energy, Inc. (NYSEAMERICAN:REI - Free Report) by 4,564.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,086,251 shares of the company's stock after purchasing an additional 3,020,092 shares during the quarter. JPMorgan Chase & Co. owned about 1.56% of Ring Energy worth $4,938,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rhumbline Advisers grew its stake in Ring Energy by 14.6% during the second quarter. Rhumbline Advisers now owns 196,408 shares of the company's stock valued at $332,000 after acquiring an additional 24,993 shares in the last quarter. American Century Companies Inc. grew its position in shares of Ring Energy by 42.6% during the 2nd quarter. American Century Companies Inc. now owns 1,967,501 shares of the company's stock valued at $3,325,000 after purchasing an additional 587,690 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Ring Energy by 50.4% in the second quarter. Renaissance Technologies LLC now owns 787,600 shares of the company's stock worth $1,331,000 after purchasing an additional 264,010 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Ring Energy by 8.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 71,469 shares of the company's stock worth $121,000 after buying an additional 5,672 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in Ring Energy by 399.8% during the second quarter. XTX Topco Ltd now owns 241,869 shares of the company's stock valued at $409,000 after buying an additional 193,474 shares during the period. 77.14% of the stock is currently owned by institutional investors.

Ring Energy Stock Up 1.4 %

Shares of NYSEAMERICAN REI traded up $0.02 during trading hours on Friday, hitting $1.48. The company's stock had a trading volume of 1,299,620 shares, compared to its average volume of 1,985,647. Ring Energy, Inc. has a 12 month low of $1.21 and a 12 month high of $2.20. The stock has a market capitalization of $293.34 million, a PE ratio of 2.60 and a beta of 1.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.54 and a quick ratio of 0.49.

Ring Energy (NYSEAMERICAN:REI - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The company had revenue of $89.24 million during the quarter, compared to analyst estimates of $83.27 million. Ring Energy had a return on equity of 9.21% and a net margin of 29.44%. Sell-side analysts forecast that Ring Energy, Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Ring Energy from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th.

About Ring Energy

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.