Riley Exploration Permian, Inc. (NYSE:REPX) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 40.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,276 shares of the company’s stock after selling 874 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Riley Exploration Permian were worth $36,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. First Eagle Investment Management LLC boosted its stake in Riley Exploration Permian by 77.2% during the first quarter. First Eagle Investment Management LLC now owns 176,564 shares of the company’s stock worth $5,827,000 after buying an additional 76,932 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Riley Exploration Permian during the 2nd quarter valued at about $1,856,000. Bailard Inc. grew its holdings in shares of Riley Exploration Permian by 56.5% in the second quarter. Bailard Inc. now owns 27,977 shares of the company’s stock valued at $792,000 after purchasing an additional 10,100 shares during the period. Swiss National Bank increased its position in Riley Exploration Permian by 20.5% during the fourth quarter. Swiss National Bank now owns 15,900 shares of the company’s stock worth $433,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in Riley Exploration Permian during the fourth quarter worth about $248,000. 58.91% of the stock is currently owned by hedge funds and other institutional investors.

Riley Exploration Permian Price Performance

NYSE:REPX opened at $27.28 on Friday. Riley Exploration Permian, Inc. has a 52 week low of $21.27 and a 52 week high of $34.90. The stock’s fifty day moving average is $27.47 and its two-hundred day moving average is $27.85. The company has a market capitalization of $587.72 million, a P/E ratio of 5.54 and a beta of 1.34. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.62.

Riley Exploration Permian (NYSE:REPX) last posted its earnings results on Wednesday, August 7th. The company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.13). Riley Exploration Permian had a net margin of 23.95% and a return on equity of 25.74%. The company had revenue of $105.40 million during the quarter, compared to analyst estimates of $106.62 million. Equities analysts expect that Riley Exploration Permian, Inc. will post 6.62 EPS for the current year.

Riley Exploration Permian Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, July 25th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date was Thursday, July 25th. Riley Exploration Permian’s payout ratio is 29.27%.

Analyst Ratings Changes

Separately, Truist Financial cut their price target on shares of Riley Exploration Permian from $48.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 22nd.

Insiders Place Their Bets

In other news, CEO Bobby Riley sold 15,000 shares of Riley Exploration Permian stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the sale, the chief executive officer now directly owns 366,658 shares of the company’s stock, valued at $10,266,424. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.90% of the stock is owned by insiders.

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.