Riley Exploration Permian, Inc. (NYSE:REPX) Shares Bought by Denali Advisors LLC

Denali Advisors LLC boosted its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 32.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 87,495 shares of the company’s stock after buying an additional 21,385 shares during the quarter. Denali Advisors LLC’s holdings in Riley Exploration Permian were worth $2,793,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in REPX. CWA Asset Management Group LLC acquired a new stake in Riley Exploration Permian during the third quarter worth $223,000. Victory Capital Management Inc. grew its stake in shares of Riley Exploration Permian by 61.0% in the third quarter. Victory Capital Management Inc. now owns 39,091 shares of the company’s stock valued at $1,036,000 after buying an additional 14,810 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Riley Exploration Permian by 5.2% in the third quarter. Empowered Funds LLC now owns 29,566 shares of the company’s stock valued at $783,000 after buying an additional 1,474 shares in the last quarter. Quest Partners LLC grew its stake in shares of Riley Exploration Permian by 135.0% in the third quarter. Quest Partners LLC now owns 8,967 shares of the company’s stock valued at $238,000 after buying an additional 5,152 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Riley Exploration Permian in the third quarter valued at $1,592,000. Institutional investors and hedge funds own 58.91% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Bobby Riley sold 15,000 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $33.37, for a total value of $500,550.00. Following the completion of the sale, the chief executive officer now directly owns 296,375 shares of the company’s stock, valued at approximately $9,890,033.75. The trade was a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.90% of the stock is owned by company insiders.

Riley Exploration Permian Trading Down 2.6 %

REPX opened at $32.18 on Wednesday. The stock has a market capitalization of $691.32 million, a price-to-earnings ratio of 5.71 and a beta of 1.47. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. The business has a fifty day moving average price of $33.44 and a 200 day moving average price of $30.79. Riley Exploration Permian, Inc. has a 12 month low of $22.60 and a 12 month high of $37.55.

Riley Exploration Permian Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Thursday, January 23rd. Riley Exploration Permian’s dividend payout ratio (DPR) is 26.95%.

Analyst Ratings Changes

Separately, Truist Financial lifted their price objective on Riley Exploration Permian from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, January 13th.

Riley Exploration Permian Company Profile

Riley Exploration Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico. The company's activities are primarily focused on the Northwest Shelf and Yeso trend of the Permian Basin.