Riley Exploration Permian, Inc. (NYSE:REPX) Stock Holdings Increased by Renaissance Technologies LLC

Renaissance Technologies LLC grew its position in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 95.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,000 shares of the company’s stock after buying an additional 67,900 shares during the period. Renaissance Technologies LLC owned about 0.65% of Riley Exploration Permian worth $3,935,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. First Eagle Investment Management LLC raised its holdings in shares of 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 worth $5,827,000 after purchasing an additional 76,932 shares during the period. American Century Companies Inc. raised its stake in Riley Exploration Permian by 65.0% during the second quarter. American Century Companies Inc. now owns 167,972 shares of the company’s stock worth $4,755,000 after acquiring an additional 66,179 shares during the period. Los Angeles Capital Management LLC bought a new position in Riley Exploration Permian in the second quarter worth about $1,856,000. Dimensional Fund Advisors LP boosted its stake in Riley Exploration Permian by 74.2% in the second quarter. Dimensional Fund Advisors LP now owns 85,970 shares of the company’s stock valued at $2,411,000 after acquiring an additional 36,624 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in Riley Exploration Permian in the second quarter valued at approximately $687,000. Institutional investors and hedge funds own 58.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Riley Exploration Permian Stock Performance

Shares of NYSE REPX opened at $27.02 on Friday. Riley Exploration Permian, Inc. has a 12-month low of $21.27 and a 12-month high of $34.90. The company has a market cap of $583.09 million, a PE ratio of 5.49 and a beta of 1.34. The stock has a 50 day simple moving average of $27.16 and a 200-day simple moving average of $27.86. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.62.

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

Riley Exploration Permian Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend was Thursday, July 25th. Riley Exploration Permian’s payout ratio is 29.27%.

Insider Transactions at Riley Exploration Permian

In other news, CEO Bobby Riley sold 15,000 shares of Riley Exploration Permian stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the transaction, the chief executive officer now directly owns 366,658 shares of the company’s stock, valued at $10,266,424. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.90% of the stock is owned by insiders.

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.