Riley Exploration Permian, Inc. (NYSE:REPX) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its holdings in Riley Exploration Permian, Inc. (NYSE:REPX) by 92.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,004 shares of the company’s stock after purchasing an additional 962 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Riley Exploration Permian were worth $55,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. New York State Teachers Retirement System purchased a new position in shares of Riley Exploration Permian during the third quarter worth about $25,000. Strs Ohio raised its stake in Riley Exploration Permian by 300.0% during the 4th quarter. Strs Ohio now owns 1,200 shares of the company’s stock valued at $32,000 after acquiring an additional 900 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Riley Exploration Permian during the 3rd quarter worth approximately $78,000. Allspring Global Investments Holdings LLC grew its stake in shares of Riley Exploration Permian by 494.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,142 shares of the company’s stock valued at $100,000 after purchasing an additional 2,613 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Riley Exploration Permian in the 4th quarter valued at approximately $248,000. 58.91% of the stock is owned by hedge funds and other institutional investors.

Riley Exploration Permian Stock Performance

Shares of Riley Exploration Permian stock traded down $0.07 during trading hours on Monday, hitting $26.69. 154,012 shares of the company were exchanged, compared to its average volume of 130,744. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.80. The business has a 50-day moving average of $28.10 and a 200-day moving average of $26.87. Riley Exploration Permian, Inc. has a 1 year low of $21.27 and a 1 year high of $44.23. The stock has a market capitalization of $651.50 million, a price-to-earnings ratio of 4.78 and a beta of 1.26.

Riley Exploration Permian (NYSE:REPX) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.91). Riley Exploration Permian had a return on equity of 25.08% and a net margin of 29.75%. The firm had revenue of $99.83 million for the quarter, compared to analysts’ expectations of $94.77 million. As a group, analysts expect that Riley Exploration Permian, Inc. will post 7.14 EPS for the current fiscal year.

Riley Exploration Permian Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, April 25th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $1.44 dividend on an annualized basis and a yield of 5.40%. Riley Exploration Permian’s payout ratio is currently 25.81%.

Insider Buying and Selling at Riley Exploration Permian

In other news, CEO Bobby Riley sold 15,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $28.21, for a total transaction of $423,150.00. Following the completion of the transaction, the chief executive officer now directly owns 364,198 shares of the company’s stock, valued at approximately $10,274,025.58. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Bobby Riley sold 15,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $28.21, for a total transaction of $423,150.00. Following the sale, the chief executive officer now owns 364,198 shares of the company’s stock, valued at $10,274,025.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Riley Exploration Ho Bluescape sold 700,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $25.52, for a total transaction of $17,864,000.00. Following the completion of the transaction, the insider now directly owns 4,521,767 shares of the company’s stock, valued at $115,395,493.84. The disclosure for this sale can be found here. 4.20% of the stock is owned by corporate insiders.

Riley Exploration Permian Company 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.