DekaBank Deutsche Girozentrale Lowers Stock Holdings in Riley Exploration Permian, Inc. $REPX

DekaBank Deutsche Girozentrale lowered its stake in Riley Exploration Permian, Inc. (NYSE:REPX) by 40.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 $34,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in Riley Exploration Permian by 93.5% in the 1st quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $27,000 after purchasing an additional 449 shares in the last quarter. CWM LLC raised its position in Riley Exploration Permian by 13.0% in the 1st quarter. CWM LLC now owns 4,221 shares of the company’s stock valued at $123,000 after purchasing an additional 486 shares in the last quarter. SummerHaven Investment Management LLC raised its position in Riley Exploration Permian by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 28,619 shares of the company’s stock valued at $751,000 after purchasing an additional 552 shares in the last quarter. Empowered Funds LLC raised its position in Riley Exploration Permian by 1.8% in the 1st quarter. Empowered Funds LLC now owns 31,549 shares of the company’s stock valued at $920,000 after purchasing an additional 562 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in Riley Exploration Permian by 41.7% in the 1st quarter. Quantbot Technologies LP now owns 4,890 shares of the company’s stock valued at $143,000 after purchasing an additional 1,439 shares in the last quarter. Institutional investors and hedge funds own 58.91% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Capital assumed coverage on Riley Exploration Permian in a research report on Monday, October 13th. They issued a “buy” rating and a $36.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, Riley Exploration Permian currently has a consensus rating of “Strong Buy” and an average price target of $41.50.

Insider Activity at Riley Exploration Permian

In other Riley Exploration Permian news, insider Corey Neil Riley sold 3,500 shares of Riley Exploration Permian stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $26.42, for a total transaction of $92,470.00. Following the transaction, the insider owned 176,700 shares of the company’s stock, valued at $4,668,414. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Bobby Riley sold 15,000 shares of Riley Exploration Permian stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $26.01, for a total value of $390,150.00. Following the transaction, the chief executive officer directly owned 399,636 shares in the company, valued at approximately $10,394,532.36. This trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.

Riley Exploration Permian Trading Down 1.0%

REPX opened at $26.41 on Tuesday. The business’s 50-day simple moving average is $27.70 and its 200-day simple moving average is $26.94. The company has a market cap of $582.13 million, a P/E ratio of 4.68 and a beta of 1.18. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. Riley Exploration Permian, Inc. has a one year low of $21.98 and a one year high of $37.55.

Riley Exploration Permian Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Tuesday, October 21st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.1%. This is a positive change from Riley Exploration Permian’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Tuesday, October 21st. Riley Exploration Permian’s dividend payout ratio is presently 35.32%.

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.