Monarch Partners Asset Management LLC raised its position in shares of Ring Energy (NYSE:REI) by 21.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 307,400 shares of the company’s stock after buying an additional 53,565 shares during the period. Monarch Partners Asset Management LLC’s holdings in Ring Energy were worth $3,996,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. American International Group Inc. raised its stake in shares of Ring Energy by 21.9% in the first quarter. American International Group Inc. now owns 25,070 shares of the company’s stock valued at $271,000 after buying an additional 4,509 shares in the last quarter. Greenwood Capital Associates LLC raised its stake in shares of Ring Energy by 5.3% in the first quarter. Greenwood Capital Associates LLC now owns 13,741 shares of the company’s stock valued at $149,000 after buying an additional 695 shares in the last quarter. AGF Investments Inc. raised its stake in shares of Ring Energy by 10.8% in the first quarter. AGF Investments Inc. now owns 414,176 shares of the company’s stock valued at $4,476,000 after buying an additional 40,313 shares in the last quarter. Hodges Capital Management Inc. raised its stake in shares of 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. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Ring Energy by 7.4% in the first quarter. Parametric Portfolio Associates LLC now owns 92,440 shares of the company’s stock valued at $1,000,000 after buying an additional 6,339 shares in the last quarter.

Ring Energy (NYSE:REI) opened at 13.49 on Friday. Ring Energy has a 12-month low of $8.76 and a 12-month high of $14.14. The firm’s 50-day moving average price is $12.89 and its 200 day moving average price is $12.35. The company’s market capitalization is $730.42 million.

Ring Energy (NYSE:REI) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $14.50 million for the quarter, compared to the consensus estimate of $14.20 million. On average, equities research analysts expect that Ring Energy will post $0.19 EPS for the current fiscal year.

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Several analysts recently issued reports on REI shares. Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $17.00 price objective (up from $15.00) on shares of Ring Energy in a report on Saturday, April 22nd. Zacks Investment Research lowered Ring Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Roth Capital set a $20.00 price objective on Ring Energy and gave the stock a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Ring Energy has a consensus rating of “Buy” and a consensus target price of $16.93.

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

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