AlphaQuest LLC Sells 3,132 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

AlphaQuest LLC trimmed its position in Riley Exploration Permian, Inc. (NYSE:REPX) by 34.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,835 shares of the company’s stock after selling 3,132 shares during the period. AlphaQuest LLC’s holdings in Riley Exploration Permian were worth $186,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new stake in Riley Exploration Permian during the 4th quarter worth approximately $33,000. Toth Financial Advisory Corp bought a new stake in Riley Exploration Permian during the 4th quarter worth approximately $115,000. Barings LLC bought a new stake in Riley Exploration Permian during the 4th quarter worth approximately $120,000. SG Americas Securities LLC increased its holdings in Riley Exploration Permian by 24.7% during the 4th quarter. SG Americas Securities LLC now owns 5,100 shares of the company’s stock worth $163,000 after purchasing an additional 1,010 shares in the last quarter. Finally, Hamilton Lane Advisors LLC purchased a new position in shares of Riley Exploration Permian in the 4th quarter worth approximately $254,000. 58.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Riley Exploration Permian

In related news, CEO Bobby Riley sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $33.37, for a total value of $500,550.00. Following the transaction, the chief executive officer now owns 296,375 shares in the company, valued at approximately $9,890,033.75. This represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Corey Neil Riley sold 3,500 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 125,974 shares in the company, valued at approximately $3,444,129.16. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.

Riley Exploration Permian Price Performance

Shares of NYSE REPX opened at $28.39 on Monday. Riley Exploration Permian, Inc. has a twelve month low of $23.14 and a twelve month high of $37.55. The stock’s 50 day moving average price is $32.81 and its 200-day moving average price is $30.95. The company has a market capitalization of $610.53 million, a PE ratio of 5.03 and a beta of 1.58. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53.

Riley Exploration Permian Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.35%. Riley Exploration Permian’s payout ratio is presently 35.68%.

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.