Capital Advisors Inc. OK Purchases New Stake in Ring Energy, Inc. (NYSEAMERICAN:REI)

Capital Advisors Inc. OK bought a new stake in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 50,000 shares of the company’s stock, valued at approximately $68,000.

Other large investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in shares of Ring Energy by 15.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 60,334 shares of the company’s stock worth $102,000 after purchasing an additional 8,165 shares during the last quarter. Catalina Capital Group LLC grew 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 buying an additional 10,201 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 valued at $3,838,000 after acquiring an additional 13,495 shares during the last quarter. CreativeOne Wealth LLC bought a new position in Ring Energy during the 3rd quarter worth approximately $26,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Ring Energy by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 378,747 shares of the company’s stock valued at $606,000 after purchasing an additional 16,952 shares during the period. 77.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Ring Energy Price Performance

NYSEAMERICAN REI opened at $1.31 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.54 and a quick ratio of 0.49. The company has a market cap of $259.64 million, a P/E ratio of 3.49 and a beta of 1.55. Ring Energy, Inc. has a 52-week low of $1.21 and a 52-week high of $2.20.

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.