Riley Exploration Permian, Inc. (NYSE:REPX) Holdings Lowered by Bluescape Energy Partners LLC

Bluescape Energy Partners LLC decreased its stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 13.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,521,767 shares of the company’s stock after selling 700,000 shares during the period. Riley Exploration Permian accounts for 30.6% of Bluescape Energy Partners LLC’s investment portfolio, making the stock its 2nd biggest position. Bluescape Energy Partners LLC owned approximately 20.99% of Riley Exploration Permian worth $128,011,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. CWM LLC boosted its holdings in Riley Exploration Permian by 1,191.7% in the second quarter. CWM LLC now owns 1,240 shares of the company’s stock valued at $35,000 after acquiring an additional 1,144 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Riley Exploration Permian during the 2nd quarter worth about $39,000. Quest Partners LLC increased its position in Riley Exploration Permian by 38.6% during the 2nd quarter. Quest Partners LLC now owns 3,815 shares of the company’s stock worth $108,000 after purchasing an additional 1,062 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Riley Exploration Permian by 785.9% in the first quarter. Russell Investments Group Ltd. now owns 4,571 shares of the company’s stock valued at $151,000 after buying an additional 4,055 shares during the period. Finally, XTX Topco Ltd purchased a new position in Riley Exploration Permian in the second quarter valued at approximately $204,000. 58.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were 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 approximately $10,266,424. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Truist Financial decreased 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.

Riley Exploration Permian Stock Performance

Shares of REPX stock opened at $27.28 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average of $27.47 and a two-hundred day moving average of $27.87. The company has a market cap of $587.72 million, a P/E ratio of 5.54 and a beta of 1.34. Riley Exploration Permian, Inc. has a 52 week low of $21.27 and a 52 week high of $34.90.

Riley Exploration Permian (NYSE:REPX) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.61 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $105.40 million during the quarter, compared to analyst estimates of $106.62 million. As a group, analysts anticipate that Riley Exploration Permian, Inc. will post 6.62 EPS for the current year.

Riley Exploration Permian Dividend Announcement

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

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.