Point72 DIFC Ltd Invests $51,000 in Riley Exploration Permian, Inc. (NYSE:REPX)

Point72 DIFC Ltd bought a new position in shares of Riley Exploration Permian, Inc. (NYSE:REPX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,795 shares of the company’s stock, valued at approximately $51,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC raised its stake in shares of Riley Exploration Permian by 77.2% during the 1st 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 during the last quarter. Los Angeles Capital Management LLC purchased a new position in Riley Exploration Permian during the second quarter valued at approximately $1,856,000. Swiss National Bank raised its position 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 in the last quarter. Bailard Inc. lifted its holdings in 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 acquiring an additional 10,100 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Riley Exploration Permian by 95.5% in the 2nd quarter. Renaissance Technologies LLC now owns 139,000 shares of the company’s stock worth $3,935,000 after purchasing an additional 67,900 shares in the last quarter. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Riley Exploration Permian Trading Up 1.9 %

REPX stock opened at $27.02 on Friday. Riley Exploration Permian, Inc. has a 52-week low of $21.27 and a 52-week high of $34.90. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.62. The firm has a market cap of $583.09 million, a P/E ratio of 5.49 and a beta of 1.34. The company’s 50-day simple moving average is $27.16 and its 200-day simple moving average is $27.86.

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

Riley Exploration Permian Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, July 25th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 5.33%. The ex-dividend date was Thursday, July 25th. Riley Exploration Permian’s payout ratio is presently 29.27%.

Wall Street Analyst Weigh In

Separately, Truist Financial cut their target price on shares of Riley Exploration Permian from $48.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 22nd.

Insiders Place Their Bets

In other news, CEO Bobby Riley sold 15,000 shares of Riley Exploration Permian stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the sale, the chief executive officer now owns 366,658 shares in the company, valued at $10,266,424. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.90% of the stock is currently owned by company insiders.

Riley Exploration Permian 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.