Quantbot Technologies LP Acquires Shares of 3,451 Riley Exploration Permian, Inc. (NYSE:REPX)

Quantbot Technologies LP bought a new position in shares of Riley Exploration Permian, Inc. (NYSE:REPX) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 3,451 shares of the company’s stock, valued at approximately $110,000.

A number of other large investors have also modified their holdings of the business. New York State Teachers Retirement System purchased a new stake in shares of Riley Exploration Permian in the fourth quarter valued at approximately $33,000. Travelers Companies Inc. acquired a new stake in Riley Exploration Permian in the fourth quarter valued at $80,000. Toth Financial Advisory Corp purchased a new stake in shares of Riley Exploration Permian during the 4th quarter worth $115,000. Barings LLC acquired a new position in shares of Riley Exploration Permian during the 4th quarter worth $120,000. Finally, SG Americas Securities LLC increased its holdings in shares of Riley Exploration Permian by 24.7% in the 4th quarter. SG Americas Securities LLC now owns 5,100 shares of the company’s stock valued at $163,000 after purchasing an additional 1,010 shares in the last quarter. 58.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Riley Exploration Permian

In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $33.37, for a total transaction of $500,550.00. Following the completion of the transaction, the chief executive officer now owns 296,375 shares of the company’s stock, valued at approximately $9,890,033.75. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Corey Neil Riley sold 3,500 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $27.34, for a total value of $95,690.00. Following the completion of the sale, the insider now owns 125,974 shares in the company, valued at $3,444,129.16. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial boosted their price objective on shares of Riley Exploration Permian from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, January 13th.

Riley Exploration Permian Stock Performance

NYSE REPX opened at $29.17 on Tuesday. The business has a 50 day moving average price of $31.69 and a 200 day moving average price of $31.20. The company has a market capitalization of $627.30 million, a P/E ratio of 5.17 and a beta of 1.58. Riley Exploration Permian, Inc. has a 1-year low of $23.14 and a 1-year high of $37.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64.

Riley Exploration Permian Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian’s dividend payout ratio is currently 35.68%.

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.