Riley Exploration Permian, Inc. (NYSE:REPX) Shares Sold by Bluescape Energy Partners LLC

Bluescape Energy Partners LLC trimmed its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 13.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,521,767 shares of the company’s stock after selling 700,000 shares during the period. Riley Exploration Permian makes up approximately 30.6% of Bluescape Energy Partners LLC’s investment portfolio, making the stock its 2nd largest position. Bluescape Energy Partners LLC owned 0.21% of Riley Exploration Permian worth $128,011,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC raised its holdings in Riley Exploration Permian by 77.2% during the first quarter. First Eagle Investment Management LLC now owns 176,564 shares of the company’s stock valued at $5,827,000 after buying an additional 76,932 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Riley Exploration Permian during the second quarter worth approximately $1,856,000. Bailard Inc. raised its position in shares of Riley Exploration Permian by 56.5% in the second quarter. Bailard Inc. now owns 27,977 shares of the company’s stock valued at $792,000 after purchasing an additional 10,100 shares during the period. Swiss National Bank increased its stake in Riley Exploration Permian by 20.5% during the fourth quarter. Swiss National Bank now owns 15,900 shares of the company’s stock valued at $433,000 after acquiring an additional 2,700 shares during the period. Finally, Victory Capital Management Inc. bought a new position in Riley Exploration Permian in the second quarter worth $687,000. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Bobby Riley sold 15,000 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $28.00, for a total transaction of $420,000.00. Following the completion of the transaction, the chief executive officer now directly owns 366,658 shares in the company, valued at approximately $10,266,424. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.90% of the stock is currently owned by corporate insiders.

Riley Exploration Permian Price Performance

Riley Exploration Permian stock opened at $27.28 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.62. Riley Exploration Permian, Inc. has a 12-month low of $21.27 and a 12-month high of $34.90. The stock has a market cap of $587.72 million, a price-to-earnings ratio of 5.54 and a beta of 1.34. The business’s 50-day simple moving average is $27.47 and its 200 day simple moving average is $27.87.

Riley Exploration Permian (NYSE:REPX) last issued its earnings results on Wednesday, August 7th. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.13). Riley Exploration Permian had a net margin of 23.95% and a return on equity of 25.74%. The firm had revenue of $105.40 million during the quarter, compared to the consensus estimate of $106.62 million. As a group, research analysts anticipate that Riley Exploration Permian, Inc. will post 6.62 earnings per share for the current year.

Riley Exploration Permian Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, July 25th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date was Thursday, July 25th. Riley Exploration Permian’s dividend payout ratio is presently 29.27%.

Analyst Ratings Changes

Separately, Truist Financial lowered their price objective on Riley Exploration Permian from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd.

About Riley Exploration Permian

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.