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Warburg Pincus, a significant shareholder in Ring Energy, Inc. (AMEX:REI), has sold a substantial portion of its holdings in the company, according to a recent SEC filing. Over three days, Warburg Pincus disposed of a total of 1,385,728 shares of Ring Energy’s common stock. The transactions, conducted from June 10 to June 12, were executed at prices ranging from $0.81 to $0.82 per share, amounting to approximately $1,124,719. The stock has shown resilience since then, posting a 7.4% return over the past year and trading within its 52-week range of $344.35 to $445.42.
Following these sales, Warburg Pincus retains ownership of 22,995,327 shares in Ring Energy. These transactions underscore the continued activity of major shareholders in the oil and gas sector, particularly amid fluctuating market conditions. With a YTD return of 1.45%, Ring Energy continues to attract investor attention. InvestingPro subscribers can access detailed institutional ownership data and expert analysis through comprehensive Pro Research Reports, offering deeper insights into major shareholder movements.
In other recent news, Ring Energy announced changes to its Board of Directors, effective April 14, 2025. Ms. Regina Roesener will be retiring from her position, having served on the board since 2019. Her departure paves the way for Ms. Carla Tharp, who will join the board as an independent director. Ms. Tharp, currently the CEO of Apoyar Energy, brings extensive experience in upstream oil and gas exploration and production. Her background includes leadership roles at APA Corporation and experience in energy investment banking. The company believes that Ms. Tharp’s expertise will complement the existing board’s skills, particularly in sourcing and executing value-enhancing opportunities. This board change aligns with Ring Energy’s strategic plans for growth and long-term success.
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