Ring Energy, Inc. $REI Holdings Increased by State Street Corp

State Street Corp significantly increased its holdings in Ring Energy, Inc. (REI) by 211.3% in the second quarter, bringing its total stake to 2.51 million shares valued at $2.71 million. Institutional investors now own 77.14% of the company, with several major firms initiating new positions. Despite mixed analyst ratings, Ring Energy exceeded quarterly earnings and revenue estimates, though it still reports a negative net margin.