Riley Exploration Permian (NYSE:REPX) Given New $47.00 Price Target at Truist Financial

Riley Exploration Permian (NYSE:REPX) had its price target hoisted by Truist Financial from $45.00 to $47.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the stock.

Riley Exploration Permian Stock Performance

NYSE:REPX opened at $34.57 on Monday. The company has a market capitalization of $742.67 million, a P/E ratio of 6.13 and a beta of 1.46. The business has a fifty day simple moving average of $32.93 and a two-hundred day simple moving average of $29.47. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. Riley Exploration Permian has a 1 year low of $21.27 and a 1 year high of $37.15.

Riley Exploration Permian Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.40%. The ex-dividend date is Thursday, January 23rd. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 26.95%.

Insider Transactions at Riley Exploration Permian

In related news, CEO Bobby Riley sold 4,636 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $35.19, for a total transaction of $163,140.84. Following the sale, the chief executive officer now directly owns 321,739 shares in the company, valued at approximately $11,321,995.41. The trade was a 1.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in REPX. Ariadne Wealth Management LP purchased a new stake in shares of Riley Exploration Permian in the second quarter worth about $36,000. Copeland Capital Management LLC purchased a new stake in Riley Exploration Permian in the 3rd quarter worth approximately $48,000. Point72 DIFC Ltd bought a new position in Riley Exploration Permian in the 2nd quarter valued at $51,000. CWM LLC grew its position in shares of Riley Exploration Permian by 115.9% during the 3rd quarter. CWM LLC now owns 2,677 shares of the company’s stock valued at $71,000 after purchasing an additional 1,437 shares in the last quarter. Finally, Quest Partners LLC increased its holdings in shares of Riley Exploration Permian by 38.6% in the second quarter. Quest Partners LLC now owns 3,815 shares of the company’s stock worth $108,000 after purchasing an additional 1,062 shares during the period. Hedge funds and other institutional investors own 58.91% of the company’s stock.

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.