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Ring Energy, Inc. (AMEX:REI), currently trading at $400.85 and up 9.38% over the past year, experienced notable stock sales by Warburg Pincus entities, according to a recent SEC filing. The transactions, which took place on May 27 and May 28, 2025, involved the sale of a total of 86,871 shares of common stock at a price of $0.80 per share, amounting to $69,496. For comprehensive institutional ownership data and detailed analysis, InvestingPro subscribers can access the full ownership structure report.
The sales were conducted by multiple Warburg Pincus entities, each identified as a ten percent owner, with no directorial or officer roles within Ring Energy. Following these transactions, the entities collectively hold 26,218,404 shares. The stock has traded between $344.35 and $445.42 over the past 52 weeks, with a modest YTD return of 0.57%.
These moves reflect Warburg Pincus’ ongoing adjustments to its holdings in Ring Energy, a company engaged in oil and gas exploration and production. While the sales are significant, the entities maintain a substantial position in the company, indicating continued interest in its future performance.
In other recent news, Ring Energy has announced changes to its Board of Directors. Regina Roesener, who has been a member since 2019, will be retiring. Carla Tharp will be joining the board as an independent director, effective April 14, 2025. Tharp is currently the CEO of Apoyar Energy and has extensive experience in upstream oil and gas exploration and production. She has held leadership roles at APA Corporation and worked in energy investment banking. Tharp’s appointment is expected to bring technical and financial expertise to Ring Energy’s board. The company believes these changes align with its strategic plans for growth and success.
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