Riley Exploration Permian, Inc. (NYSE:REPX) Shares Acquired by Quest Partners LLC

Quest Partners LLC increased its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 135.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 8,967 shares of the company’s stock after buying an additional 5,152 shares during the period. Quest Partners LLC’s holdings in Riley Exploration Permian were worth $238,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC lifted its stake in Riley Exploration Permian by 5.2% in the third quarter. Empowered Funds LLC now owns 29,566 shares of the company’s stock valued at $783,000 after buying an additional 1,474 shares during the last quarter. Victory Capital Management Inc. lifted its position in Riley Exploration Permian by 61.0% in the 3rd quarter. Victory Capital Management Inc. now owns 39,091 shares of the company’s stock valued at $1,036,000 after purchasing an additional 14,810 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in Riley Exploration Permian during the 3rd quarter valued at about $223,000. Copeland Capital Management LLC bought a new position in Riley Exploration Permian in the 3rd quarter worth about $48,000. Finally, Koss Olinger Consulting LLC increased its stake in shares of Riley Exploration Permian by 2.3% in the third quarter. Koss Olinger Consulting LLC now owns 18,326 shares of the company’s stock valued at $485,000 after purchasing an additional 409 shares during the period. Institutional investors own 58.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial boosted their price objective on Riley Exploration Permian from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th.

Insiders Place Their Bets

In other news, CEO Bobby Riley sold 8,981 shares of Riley Exploration Permian stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $26.49, for a total transaction of $237,906.69. Following the transaction, the chief executive officer now directly owns 326,375 shares in the company, valued at approximately $8,645,673.75. This trade represents a 2.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.90% of the stock is owned by insiders.

Riley Exploration Permian Price Performance

Shares of REPX opened at $34.89 on Wednesday. Riley Exploration Permian, Inc. has a one year low of $21.27 and a one year high of $37.15. The stock’s fifty day moving average is $29.51 and its 200-day moving average is $28.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. The firm has a market capitalization of $749.44 million, a price-to-earnings ratio of 6.19 and a beta of 1.34.

Riley Exploration Permian Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 24th were paid a dividend of $0.38 per share. This is a boost from Riley Exploration Permian’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, October 24th. This represents a $1.52 annualized dividend and a yield of 4.36%. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 26.95%.

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.