Cwm LLC Acquires 1,437 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

Cwm LLC raised its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 115.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,677 shares of the company’s stock after acquiring an additional 1,437 shares during the quarter. Cwm LLC’s holdings in Riley Exploration Permian were worth $71,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ariadne Wealth Management LP purchased a new position in shares of Riley Exploration Permian during the 2nd quarter valued at $36,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Riley Exploration Permian during the 2nd quarter valued at $39,000. Point72 DIFC Ltd purchased a new position in shares of Riley Exploration Permian during the 2nd quarter valued at $51,000. Quest Partners LLC grew its position in shares of Riley Exploration Permian by 38.6% during the 2nd quarter. Quest Partners LLC now owns 3,815 shares of the company’s stock valued at $108,000 after purchasing an additional 1,062 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Riley Exploration Permian during the 3rd quarter valued at $108,000. Institutional investors own 58.91% of the company’s stock.

Insider Activity

In related news, CEO Bobby Riley sold 8,981 shares of the stock in a transaction dated Tuesday, October 1st. The shares were 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.90% of the company’s stock.

Riley Exploration Permian Stock Performance

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

Riley Exploration Permian (NYSE:REPX) last posted its quarterly earnings results 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 net margin of 23.95% and a return on equity of 25.74%. The business had revenue of $105.40 million for the quarter, compared to analysts’ expectations of $106.62 million. On average, equities analysts forecast that Riley Exploration Permian, Inc. will post 6.37 EPS for the current year.

Riley Exploration Permian Increases Dividend

The company 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 annualized dividend and a dividend yield of 5.69%. This is an increase 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 is 30.89%.

Analyst Ratings Changes

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

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.