SG Americas Securities LLC Purchases New Holdings in Riley Exploration Permian, Inc. (NYSE:REPX)

SG Americas Securities LLC acquired a new position in shares of Riley Exploration Permian, Inc. (NYSE:REPX) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 4,090 shares of the company’s stock, valued at approximately $108,000.

A number of other hedge funds also recently added to or reduced their stakes in REPX. Mackenzie Financial Corp acquired a new stake in shares of Riley Exploration Permian in the 2nd quarter valued at approximately $4,392,000. AQR Capital Management LLC purchased a new position in Riley Exploration Permian in the second quarter worth $3,723,000. Marshall Wace LLP acquired a new stake in Riley Exploration Permian in the second quarter valued at $2,396,000. First Eagle Investment Management LLC boosted its position in shares of Riley Exploration Permian by 77.2% during the 1st quarter. First Eagle Investment Management LLC now owns 176,564 shares of the company’s stock worth $5,827,000 after purchasing an additional 76,932 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Riley Exploration Permian by 95.5% during the 2nd quarter. Renaissance Technologies LLC now owns 139,000 shares of the company’s stock worth $3,935,000 after purchasing an additional 67,900 shares during the period. 58.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Truist Financial reduced their price objective on shares of Riley Exploration Permian from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, September 30th.

Insider Buying and Selling

In other news, CEO Bobby Riley sold 8,981 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $26.49, for a total value of $237,906.69. Following the completion of the transaction, the chief executive officer now directly owns 326,375 shares of the company’s stock, valued at $8,645,673.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.90% of the company’s stock.

Riley Exploration Permian Price Performance

Shares of NYSE:REPX opened at $26.73 on Monday. The firm has a market capitalization of $575.87 million, a price-to-earnings ratio of 5.43 and a beta of 1.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.63 and a quick ratio of 0.58. The business’s 50 day simple moving average is $27.41 and its 200-day simple moving average is $27.44. Riley Exploration Permian, Inc. has a 12 month low of $21.27 and a 12 month high of $34.90.

Riley Exploration Permian (NYSE:REPX) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.13). Riley Exploration Permian had a return on equity of 25.74% and a net margin of 23.95%. The firm had revenue of $105.40 million for the quarter, compared to analyst estimates of $106.62 million. As a group, equities analysts forecast that Riley Exploration Permian, Inc. will post 6.37 earnings per share for the current fiscal year.

Riley Exploration Permian Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 24th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.69%. This is a boost from Riley Exploration Permian’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, October 24th. Riley Exploration Permian’s dividend payout ratio (DPR) is 30.89%.

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.