60,347 Shares in Riley Exploration Permian, Inc. (NYSE:REPX) Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX) during the second quarter, HoldingsChannel reports. The fund purchased 60,347 shares of the company’s stock, valued at approximately $1,708,000.

Several other large investors have also made changes to their positions in the business. Swiss National Bank raised its stake in Riley Exploration Permian by 20.5% during the 4th quarter. Swiss National Bank now owns 15,900 shares of the company’s stock valued at $433,000 after purchasing an additional 2,700 shares during the period. Empowered Funds LLC raised its position in shares of Riley Exploration Permian by 8.0% during the first quarter. Empowered Funds LLC now owns 26,112 shares of the company’s stock valued at $862,000 after buying an additional 1,925 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Riley Exploration Permian by 785.9% in the first quarter. Russell Investments Group Ltd. now owns 4,571 shares of the company’s stock worth $151,000 after buying an additional 4,055 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in shares of Riley Exploration Permian during the first quarter worth $290,000. Finally, First Eagle Investment Management LLC grew its stake 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 acquiring an additional 76,932 shares in the last quarter. 58.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Truist Financial decreased their price target on shares of Riley Exploration Permian from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday.

Insider Activity

In related news, CEO Bobby Riley sold 15,000 shares of Riley Exploration Permian stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the transaction, the chief executive officer now owns 366,658 shares in the company, valued at $10,266,424. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.90% of the company’s stock.

Riley Exploration Permian Price Performance

Shares of Riley Exploration Permian stock opened at $26.56 on Tuesday. The firm has a market cap of $573.16 million, a PE ratio of 4.91 and a beta of 1.34. The stock has a 50 day moving average of $27.16 and a 200 day moving average of $27.85. 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, Inc. has a 12 month low of $21.27 and a 12 month high of $34.90.

Riley Exploration Permian (NYSE:REPX) last posted its earnings results on Wednesday, August 7th. The company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $106.62 million. On average, research analysts expect that Riley Exploration Permian, Inc. will post 6.62 EPS for the current fiscal year.

Riley Exploration Permian Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, July 25th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.42%. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 29.27%.

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.