19,388 Shares in Riley Exploration Permian, Inc. (NYSE:REPX) Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. acquired a new stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX) during the 1st quarter, Holdings Channel.com reports. The fund acquired 19,388 shares of the company’s stock, valued at approximately $640,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of REPX. Strs Ohio raised its stake in Riley Exploration Permian by 300.0% during the fourth quarter. Strs Ohio now owns 1,200 shares of the company’s stock valued at $32,000 after buying an additional 900 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Riley Exploration Permian by 92.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,004 shares of the company’s stock worth $55,000 after buying an additional 962 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Riley Exploration Permian by 785.9% in the 1st quarter. Russell Investments Group Ltd. now owns 4,571 shares of the company’s stock worth $151,000 after buying an additional 4,055 shares in the last quarter. Jump Financial LLC bought a new position in Riley Exploration Permian in the 4th quarter worth approximately $248,000. Finally, Avantax Advisory Services Inc. bought a new position in Riley Exploration Permian in the 1st quarter worth approximately $290,000. Institutional investors and hedge funds own 58.91% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial decreased their price objective on Riley Exploration Permian from $48.00 to $45.00 and set a “buy” rating for the company in a report on Monday.

Insider Activity

In other news, insider Corey Neil Riley sold 2,500 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $26.61, for a total transaction of $66,525.00. Following the completion of the sale, the insider now owns 146,837 shares in the company, valued at approximately $3,907,332.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other 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 value of $420,000.00. Following the completion of the sale, the chief executive officer now owns 366,658 shares of the company’s stock, valued at $10,266,424. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Corey Neil Riley sold 2,500 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $26.61, for a total value of $66,525.00. Following the completion of the sale, the insider now directly owns 146,837 shares of the company’s stock, valued at approximately $3,907,332.57. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,520 shares of company stock worth $752,756. Insiders own 3.90% of the company’s stock.

Riley Exploration Permian Price Performance

NYSE REPX traded down $0.23 on Tuesday, reaching $29.26. 22,213 shares of the stock traded hands, compared to its average volume of 141,661. The firm’s fifty day simple moving average is $27.70 and its 200 day simple moving average is $26.61. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 0.74. The company has a market cap of $630.26 million, a price-to-earnings ratio of 5.96 and a beta of 1.36. Riley Exploration Permian, Inc. has a 12 month low of $21.27 and a 12 month high of $38.00.

Riley Exploration Permian (NYSE:REPX) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.11. Riley Exploration Permian had a return on equity of 25.64% and a net margin of 24.16%. The company had revenue of $99.74 million during the quarter, compared to the consensus estimate of $96.65 million. As a group, research analysts predict that Riley Exploration Permian, Inc. will post 6.45 EPS for the current fiscal year.

Riley Exploration Permian Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Thursday, July 25th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, July 25th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.92%. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 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.