American National Bank Has Boosted Bunge LTD (BG) Stake by $450,191; Agf Investments Has Increased Its Ring Energy (REI) Holding by $603,736 as Valuation Declined

June 21, 2018 - By Peter Mason

Ring Energy, Inc. (NYSEAMERICAN:REI) Logo

American National Bank increased its stake in Bunge Ltd (BG) by 14.29% based on its latest 2018Q1 regulatory filing with the SEC. American National Bank bought 6,167 shares as the company’s stock declined 7.94% with the market. The institutional investor held 49,333 shares of the packaged foods company at the end of 2018Q1, valued at $3.65 million, up from 43,166 at the end of the previous reported quarter. American National Bank who had been investing in Bunge Ltd for a number of months, seems to be bullish on the $9.90 billion market cap company. The stock decreased 2.21% or $1.59 during the last trading session, reaching $70.27. About 1.87M shares traded or 32.62% up from the average. Bunge Limited (NYSE:BG) has declined 15.96% since June 21, 2017 and is downtrending. It has underperformed by 28.53% the S&P500. Some Historical BG News: 19/03/2018 – BUNGE CEO: `WELL AWARE’ OF RESPONSIBILITY TO MAXIMIZE VALUE; 05/04/2018 – Bunge Canada: Closing Canola Prices – Apr 5; 07/03/2018 – Bunge Introduces Certified Transitional Corn Ingredients at Natural Products Expo West; 02/05/2018 – BUNGE: FARMER SELLING PACE IN BRAZIL IS 10% AHEAD OF LAST YEAR; 14/05/2018 – Cargill has ‘significant concerns’ over U.S.-China trade strategy; 02/05/2018 – Bunge to push ahead with Brazilian sugar mill IPO; 17/04/2018 – Bunge Canada: Closing Canola Prices – Apr 17; 16/05/2018 – BUNGE CEO SCHRODER MAKES COMMENTS AT BMO CONFERENCE IN N.Y; 20/04/2018 – Bunge Canada: Closing Canola Prices – Apr 20; 02/05/2018 – “Whatever they’re buying is non-U.S.,” Soren Schroder, CEO of New York-based Bunge, the world’s largest oilseeds processor, told Bloomberg in a phone interview

Agf Investments Inc increased its stake in Ring Energy Inc. (REI) by 12.66% based on its latest 2018Q1 regulatory filing with the SEC. Agf Investments Inc bought 43,124 shares as the company’s stock declined 4.70% with the market. The institutional investor held 383,844 shares of the energy company at the end of 2018Q1, valued at $5.51M, up from 340,720 at the end of the previous reported quarter. Agf Investments Inc who had been investing in Ring Energy Inc. for a number of months, seems to be bullish on the $746.40M market cap company. It closed at $12.36 lastly. It is up 6.39% since June 21, 2017 and is uptrending. It has underperformed by 6.18% the S&P500. Some Historical REI News: 17/04/2018 – Ring Energy On Track to Drill 60 New Horizontal Wells This Year; 17/04/2018 – Ring Energy Releases 1Q 2018 Ops Update; 09/05/2018 – Peter B Cannell & Company Buys New 3.2% Position in Ring Energy; 08/05/2018 – Thrivent Financial For Lutherans Buys 1.2% of Ring Energy; 23/05/2018 – Ring Energy Closes Below 50-Day Moving Average: Technicals; 15/03/2018 Ring Energy 4Q Loss/Shr 8c; 17/04/2018 – Ring Energy, Inc. Releases First Quarter 2018 Operations Update; 25/05/2018 – Ring Energy Closes Below 200-Day Moving Average: Technicals; 15/03/2018 – Ring Energy 4Q Oil and Gas Rev $23.3; 15/03/2018 – Ring Energy 4Q Adj EPS 9c

Among 8 analysts covering Ring Energy Inc (NYSEMKT:REI), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Ring Energy Inc had 10 analyst reports since July 21, 2015 according to SRatingsIntel. Rodman & Renshaw initiated Ring Energy, Inc. (NYSEAMERICAN:REI) rating on Monday, August 29. Rodman & Renshaw has “Buy” rating and $15 target. Northland Capital maintained the shares of REI in report on Tuesday, July 28 with “Outperform” rating. The stock has “Buy” rating by Canaccord Genuity on Tuesday, October 20. Wunderlich maintained the shares of REI in report on Thursday, May 12 with “Buy” rating. The firm has “Buy” rating by KLR Group given on Thursday, December 21. As per Wednesday, January 6, the company rating was downgraded by FBR Capital. The firm has “Buy” rating given on Wednesday, November 11 by Wunderlich.

Agf Investments Inc, which manages about $9.22 billion US Long portfolio, decreased its stake in Just Energy Group Inc. (NYSE:JE) by 145,476 shares to 832,874 shares, valued at $3.68M in 2018Q1, according to the filing. It also reduced its holding in Netflix Inc. (NASDAQ:NFLX) by 29,922 shares in the quarter, leaving it with 393,308 shares, and cut its stake in United Rentals Inc. (NYSE:URI).

Investors sentiment increased to 1.15 in 2018 Q1. Its up 0.26, from 0.89 in 2017Q4. It is positive, as 40 investors sold BG shares while 116 reduced holdings. 66 funds opened positions while 113 raised stakes. 108.36 million shares or 0.61% more from 107.71 million shares in 2017Q4 were reported. Blackrock Inc accumulated 8.54 million shares or 0.03% of the stock. Jefferies Fincl Gp stated it has 0.28% in Bunge Limited (NYSE:BG). Oppenheimer & Co owns 5,988 shares. Luminus Lc holds 0.03% of its portfolio in Bunge Limited (NYSE:BG) for 20,000 shares. Neuberger Berman Limited Com holds 24,187 shares or 0% of its portfolio. Marathon Asset Mgmt Limited Liability Partnership reported 1.15 million shares. Arizona State Retirement holds 83,657 shares. 69,763 were reported by Kennedy Cap Mgmt. National Bank Of Montreal Can stated it has 0.01% in Bunge Limited (NYSE:BG). Convergence Llc has invested 0% in Bunge Limited (NYSE:BG). State Of Alaska Department Of Revenue accumulated 27,126 shares. Credit Agricole S A owns 142,427 shares. Cubist Systematic Strategies Limited Liability holds 0.05% or 11,622 shares in its portfolio. Aqr Capital Mngmt stated it has 174,956 shares. Gam Ag reported 188,706 shares stake.

Another recent and important Bunge Limited (NYSE:BG) news was published by Streetinsider.com which published an article titled: “Short-sellers sense an opportunity as China trade tensions brew” on June 20, 2018.

Since June 4, 2018, it had 0 buys, and 1 sale for $289,777 activity.

American National Bank, which manages about $347.96M US Long portfolio, decreased its stake in Accenture Plc Dublin Shsclass A (NYSE:ACN) by 6,268 shares to 39,296 shares, valued at $6.03M in 2018Q1, according to the filing. It also reduced its holding in American Airlines Group (NASDAQ:AAL) by 52,805 shares in the quarter, leaving it with 37 shares, and cut its stake in Alphabet Inc.

Ring Energy, Inc. (NYSEAMERICAN:REI) Institutional Positions Chart

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