Riley Exploration Permian, Inc. (NYSE:REPX) Shares Purchased by Quest Partners LLC

Quest Partners LLC raised its holdings in Riley Exploration Permian, Inc. (NYSE:REPX) by 135.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,967 shares of the company’s stock after acquiring an additional 5,152 shares during the period. Quest Partners LLC’s holdings in Riley Exploration Permian were worth $238,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. CWM LLC increased its position in Riley Exploration Permian by 1,191.7% during the second quarter. CWM LLC now owns 1,240 shares of the company’s stock worth $35,000 after purchasing an additional 1,144 shares during the last quarter. Ariadne Wealth Management LP acquired a new stake in shares of Riley Exploration Permian during the 2nd quarter worth $36,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Riley Exploration Permian during the 2nd quarter worth $39,000. Copeland Capital Management LLC purchased a new position in shares of Riley Exploration Permian in the 3rd quarter worth $48,000. Finally, Point72 DIFC Ltd acquired a new position in Riley Exploration Permian in the second quarter valued at $51,000. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Riley Exploration Permian Price Performance

Shares of NYSE REPX opened at $34.89 on Wednesday. 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, Inc. has a 1-year low of $21.27 and a 1-year high of $37.15. The company has a market capitalization of $749.44 million, a price-to-earnings ratio of 6.19 and a beta of 1.34. The business has a 50-day moving average of $29.51 and a 200-day moving average of $28.15.

Riley Exploration Permian Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 24th were given a $0.38 dividend. This is an increase from Riley Exploration Permian’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, October 24th. This represents a $1.52 annualized dividend and a yield of 4.36%. Riley Exploration Permian’s dividend payout ratio (DPR) is 26.95%.

Insider Activity

In related news, CEO Bobby Riley sold 8,981 shares of Riley Exploration Permian stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $26.49, for a total value of $237,906.69. Following the completion of the sale, the chief executive officer now owns 326,375 shares in the company, valued at approximately $8,645,673.75. The trade was a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.90% of the company’s stock.

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.