Riley Exploration Permian, Inc. (NYSE:REPX) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its stake in Riley Exploration Permian, Inc. (NYSE:REPX) by 42.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 252,214 shares of the company’s stock after purchasing an additional 75,650 shares during the quarter. First Eagle Investment Management LLC owned 1.17% of Riley Exploration Permian worth $7,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp raised its position in Riley Exploration Permian by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 237,578 shares of the company’s stock valued at $6,726,000 after acquiring an additional 16,267 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Riley Exploration Permian by 65.0% in the second quarter. American Century Companies Inc. now owns 167,972 shares of the company’s stock valued at $4,755,000 after buying an additional 66,179 shares during the period. Renaissance Technologies LLC grew its holdings 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in Riley Exploration Permian by 74.2% during the second quarter. Dimensional Fund Advisors LP now owns 85,970 shares of the company’s stock worth $2,411,000 after buying an additional 36,624 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Riley Exploration Permian during the 2nd quarter valued at about $1,856,000. 58.91% of the stock is owned by hedge funds and other institutional investors.

Riley Exploration Permian Price Performance

Shares of REPX stock opened at $27.23 on Friday. The stock’s fifty day simple moving average is $27.47 and its 200 day simple moving average is $27.82. Riley Exploration Permian, Inc. has a one year low of $21.27 and a one year high of $34.90. The firm has a market cap of $586.64 million, a price-to-earnings ratio of 5.53 and a beta of 1.34. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.63 and a quick ratio of 0.58.

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

Riley Exploration Permian Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, July 25th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date was Thursday, July 25th. Riley Exploration Permian’s dividend payout ratio (DPR) is currently 29.27%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped 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 research report on Monday, July 22nd.

Insider Transactions at Riley Exploration Permian

In related news, CEO Bobby Riley sold 15,000 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $28.00, for a total transaction 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 approximately $10,266,424. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.90% of the stock is owned by company 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.