Victory Capital Management Inc. increased its holdings in shares of Ring Energy (NYSE:REI) by 5.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 130,295 shares of the company’s stock after buying an additional 6,705 shares during the period. Victory Capital Management Inc. owned about 0.24% of Ring Energy worth $1,694,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in REI. Teachers Advisors LLC increased its position in shares of Ring Energy by 31.5% in the 4th quarter. Teachers Advisors LLC now owns 74,490 shares of the company’s stock valued at $968,000 after purchasing an additional 17,828 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Ring Energy by 50.1% in the 1st quarter. Wells Fargo & Company MN now owns 35,976 shares of the company’s stock valued at $390,000 after purchasing an additional 12,000 shares during the last quarter. Sei Investments Co. increased its position in shares of Ring Energy by 441.3% in the 1st quarter. Sei Investments Co. now owns 87,398 shares of the company’s stock valued at $946,000 after purchasing an additional 71,253 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Ring Energy by 7.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 92,440 shares of the company’s stock valued at $1,000,000 after purchasing an additional 6,339 shares during the last quarter. Finally, AGF Investments Inc. increased its position in shares of Ring Energy by 10.8% in the 1st quarter. AGF Investments Inc. now owns 414,176 shares of the company’s stock valued at $4,476,000 after purchasing an additional 40,313 shares during the last quarter.

Ring Energy (REI) opened at 12.12 on Tuesday. The stock has a 50 day moving average of $12.71 and a 200 day moving average of $12.25. The firm’s market cap is $656.24 million. Ring Energy has a one year low of $8.76 and a one year high of $14.14.

Ring Energy (NYSE:REI) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The firm had revenue of $14.50 million for the quarter, compared to analysts’ expectations of $14.20 million. On average, equities analysts forecast that Ring Energy will post $0.19 earnings per share for the current year.

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A number of brokerages have commented on REI. Northland Securities set a $20.00 price objective on shares of Ring Energy and gave the company a “buy” rating in a research report on Monday, August 14th. Roth Capital set a $20.00 price objective on shares of Ring Energy and gave the company a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Ring Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Imperial Capital began coverage on shares of Ring Energy in a research report on Tuesday, August 15th. They issued an “outperform” rating and a $18.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $17.33.

Ring Energy Company Profile

Ring Energy, Inc acquires, explores for, develops, and produces oil and natural gas in Texas and Kansas, the United States. As of December 31, 2016, its proved reserves consisted of approximately 27.7 million barrel of oil equivalent. The company also owns interests in 32,663 net developed and undeveloped acres in Andrews and Gaines counties, and 20,490 net developed and undeveloped acres in Reeves and Culberson counties, Texas; and 14,549 net developed and undeveloped acres in Kansas.

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

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