Inspire Investing LLC Makes New Investment in Riley Exploration Permian, Inc. (NYSE:REPX)

Inspire Investing LLC bought a new position in Riley Exploration Permian, Inc. (NYSE:REPX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 27,376 shares of the company’s stock, valued at approximately $874,000. Inspire Investing LLC owned about 0.13% of Riley Exploration Permian as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of REPX. Ariadne Wealth Management LP purchased a new stake in shares of Riley Exploration Permian in the second quarter valued at about $36,000. Point72 DIFC Ltd purchased a new stake in shares of Riley Exploration Permian in the 2nd quarter valued at approximately $51,000. Copeland Capital Management LLC purchased a new stake in shares of Riley Exploration Permian in the 3rd quarter valued at approximately $48,000. CWM LLC increased its holdings in shares of Riley Exploration Permian by 115.9% during the 3rd quarter. CWM LLC now owns 2,677 shares of the company’s stock worth $71,000 after buying an additional 1,437 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Riley Exploration Permian during the 3rd quarter valued at approximately $108,000. 58.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Bobby Riley sold 1,310 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $35.17, for a total transaction of $46,072.70. Following the completion of the transaction, the chief executive officer now directly owns 311,375 shares in the company, valued at $10,951,058.75. This trade represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.90% of the company’s stock.

Riley Exploration Permian Stock Down 2.3 %

Shares of NYSE:REPX opened at $35.59 on Friday. The company has a market capitalization of $764.47 million, a price-to-earnings ratio of 6.81 and a beta of 1.46. Riley Exploration Permian, Inc. has a 12-month low of $21.27 and a 12-month high of $37.55. The business has a 50-day moving average price of $33.59 and a 200 day moving average price of $29.87. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53.

Riley Exploration Permian Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend is Thursday, January 23rd. Riley Exploration Permian’s dividend payout ratio is presently 26.95%.

Wall Street Analyst Weigh In

Separately, Truist Financial increased their price objective on Riley Exploration Permian from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, January 13th.

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.