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Ring Energy (NYSE:REI) CEO Paul D. McKinney has recently purchased shares of the company, according to a Form 4 filing with the Securities and Exchange Commission. The stock currently trades at $395.43, significantly higher than its 52-week low of $344.35.
The filing reveals that McKinney acquired a total of 50,000 shares in two separate transactions. On August 11, 2025, he bought 30,000 shares of Ring Energy at a weighted average price of $0.8011, in a range from $0.80 to $0.802. The total value of this transaction was $24,033. According to InvestingPro data, the stock has shown resilience with a modest 0.33% gain over the past week, despite a -3.51% return over the last six months.
Following this, on August 12, 2025, McKinney purchased an additional 20,000 shares at a weighted average price of $0.8356, in a range from $0.8325 to $0.8387, for a total value of $16,712.
The total value of shares purchased by McKinney is $40,745. Following these transactions, McKinney directly owns 3,016,054 shares of Ring Energy.
In other recent news, Ring Energy announced that its borrowing base will remain at $585 million under its $1.0 billion senior secured credit facility. The company has extended the term of this credit facility to June 2029. Additionally, Ring Energy has appointed Bank of America, N.A. as its new administrative agent. The company has also secured a 25 basis point reduction in the applicable margin pricing grid. The next scheduled bank redetermination is set for fall 2025. These developments highlight Ring Energy’s efforts to manage its financial resources effectively.
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