Capital Advisors Inc. OK Makes New $68,000 Investment in Ring Energy, Inc. (NYSEAMERICAN:REI)

Capital Advisors Inc. OK purchased a new position in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 50,000 shares of the company’s stock, valued at approximately $68,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its stake in shares of Ring Energy by 15.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 60,334 shares of the company’s stock worth $102,000 after buying an additional 8,165 shares during the last quarter. SG Americas Securities LLC boosted its position in Ring Energy by 268.4% during the third quarter. SG Americas Securities LLC now owns 69,317 shares of the company’s stock valued at $111,000 after purchasing an additional 50,502 shares during the last quarter. Creative Planning grew its stake in Ring Energy by 77.1% in the third quarter. Creative Planning now owns 118,139 shares of the company’s stock valued at $189,000 after purchasing an additional 51,429 shares in the last quarter. Catalina Capital Group LLC increased its position in shares of Ring Energy by 38.7% during the 3rd quarter. Catalina Capital Group LLC now owns 36,530 shares of the company’s stock worth $58,000 after purchasing an additional 10,201 shares during the last quarter. Finally, Atria Investments Inc bought a new stake in shares of Ring Energy during the 3rd quarter worth approximately $230,000. 77.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Ring Energy Price Performance

Shares of REI opened at $1.31 on Thursday. The stock has a market capitalization of $259.64 million, a PE ratio of 3.49 and a beta of 1.55. Ring Energy, Inc. has a one year low of $1.21 and a one year high of $2.20. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.46.

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.