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In recent transactions, Warburg Pincus entities reported selling shares of Ring Energy, Inc. (AMEX:REI), amounting to a total of $69,496. The sales occurred over two days, May 27 and May 28, 2025, with shares sold at a consistent price of $0.80 each. Ring Energy’s stock has shown resilience this year, posting a 11.18% gain over the past 12 months and currently trading at $400.85, near the middle of its 52-week range of $344.35-$445.42. InvestingPro subscribers can access detailed institutional trading patterns and comprehensive valuation metrics in the Pro Research Report.
The first transaction on May 27 involved the sale of 55,700 shares, while the second on May 28 saw 31,171 shares sold. Following these transactions, the Warburg Pincus entities collectively hold 26,218,404 shares of Ring Energy.
These transactions were carried out by various Warburg Pincus entities, all of which are significant shareholders in Ring Energy. Despite the sales, the entities remain substantial holders of the company’s common stock.
In other recent news, Ring Energy announced changes to its Board of Directors, effective April 14, 2025. Regina Roesener will be retiring from the board after joining in 2019, with her contributions in financial markets and board governance being acknowledged by the company. Carla Tharp will be stepping in as an independent director. Tharp is currently the CEO of Apoyar Energy and has a rich background in upstream oil and gas exploration and production. Her previous roles include leadership positions at APA Corporation and experience in energy investment banking. Ring Energy’s Chairman and CEO, Paul D. McKinney, highlighted Tharp’s extensive industry track record, emphasizing her ability to source and execute value-enhancing opportunities. The company believes these board changes will support its strategic growth plans, particularly in its operations in the Permian Basin. This information was released in a statement by Ring Energy, Inc.
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