CWA Asset Management Group LLC Buys 2,125 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

CWA Asset Management Group LLC raised its position in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 25.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,545 shares of the company’s stock after acquiring an additional 2,125 shares during the period. CWA Asset Management Group LLC’s holdings in Riley Exploration Permian were worth $337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ariadne Wealth Management LP bought a new stake in Riley Exploration Permian in the 2nd quarter valued at $36,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Riley Exploration Permian during the second quarter worth $39,000. Copeland Capital Management LLC bought a new stake in shares of Riley Exploration Permian in the third quarter valued at about $48,000. Point72 DIFC Ltd acquired a new position in shares of Riley Exploration Permian in the second quarter valued at about $51,000. Finally, CWM LLC increased its position in Riley Exploration Permian by 115.9% during the third quarter. CWM LLC now owns 2,677 shares of the company’s stock worth $71,000 after acquiring an additional 1,437 shares during the period. Institutional investors and hedge funds own 58.91% of the company’s stock.

Insider Transactions at Riley Exploration Permian

In other news, CEO Bobby Riley sold 1,310 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $35.17, for a total transaction of $46,072.70. Following the completion of the sale, the chief executive officer now owns 311,375 shares of the company’s stock, valued at approximately $10,951,058.75. This represents a 0.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Truist Financial boosted their price objective on shares of Riley Exploration Permian from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, November 14th.

Riley Exploration Permian Trading Down 0.3 %

Shares of NYSE:REPX opened at $32.92 on Thursday. The company has a market capitalization of $707.22 million, a P/E ratio of 5.84 and a beta of 1.46. 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’s 50 day simple moving average is $32.39 and its 200 day simple moving average is $29.32. Riley Exploration Permian, Inc. has a 1 year low of $21.27 and a 1 year high of $37.15.

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.