Vaughan Nelson Investment Management L.P. acquired a new stake in Ring Energy (NYSE:REI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 383,100 shares of the company’s stock, valued at approximately $4,980,000. Vaughan Nelson Investment Management L.P. owned about 0.78% of Ring Energy at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. FMR LLC raised its stake in Ring Energy by 25.0% in the fourth quarter. FMR LLC now owns 2,100,848 shares of the company’s stock valued at $27,290,000 after buying an additional 420,200 shares in the last quarter. Formula Growth Ltd. raised its stake in Ring Energy by 29.9% in the first quarter. Formula Growth Ltd. now owns 2,077,964 shares of the company’s stock valued at $22,484,000 after buying an additional 478,125 shares in the last quarter. Vanguard Group Inc. raised its stake in Ring Energy by 9.6% in the first quarter. Vanguard Group Inc. now owns 1,913,458 shares of the company’s stock valued at $20,704,000 after buying an additional 167,435 shares in the last quarter. Cannell Capital LLC raised its stake in Ring Energy by 2.8% in the first quarter. Cannell Capital LLC now owns 1,767,301 shares of the company’s stock valued at $19,122,000 after buying an additional 48,097 shares in the last quarter. Finally, Hodges Capital Management Inc. raised its stake in Ring Energy by 18.3% in the first quarter. Hodges Capital Management Inc. now owns 1,418,125 shares of the company’s stock valued at $15,344,000 after buying an additional 219,540 shares in the last quarter.

Ring Energy (REI) opened at 12.68 on Friday. The company has a 50-day moving average of $12.64 and a 200 day moving average of $12.37. The firm’s market cap is $623.42 million. Ring Energy has a 52 week low of $7.48 and a 52 week high of $14.14.

Ring Energy (NYSE:REI) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.03. The company had revenue of $12.24 million during the quarter, compared to analyst estimates of $11.47 million. On average, equities analysts predict that Ring Energy will post $0.20 earnings per share for the current year.

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Several equities research analysts recently commented on REI shares. Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $17.00 price objective (up from $15.00) on shares of Ring Energy in a research report on Saturday, April 22nd. Canaccord Genuity reiterated a “buy” rating on shares of Ring Energy in a research report on Wednesday, April 5th. Zacks Investment Research downgraded shares of Ring Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Roth Capital set a $19.00 target price on shares of Ring Energy and gave the company a “buy” rating in a research note on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Ring Energy has an average rating of “Buy” and a consensus price target of $16.79.

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

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