First Eagle Investment Management LLC Increases Stock Holdings in Riley Exploration Permian, Inc. (NYSE:REPX)

First Eagle Investment Management LLC increased its holdings in Riley Exploration Permian, Inc. (NYSE:REPX) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 287,048 shares of the company’s stock after purchasing an additional 6,100 shares during the period. First Eagle Investment Management LLC owned 1.34% of Riley Exploration Permian worth $9,163,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Teachers Retirement System purchased a new stake in shares of Riley Exploration Permian in the fourth quarter valued at $33,000. Travelers Companies Inc. purchased a new stake in shares of Riley Exploration Permian in the fourth quarter valued at $80,000. Toth Financial Advisory Corp purchased a new stake in shares of Riley Exploration Permian in the fourth quarter valued at $115,000. Barings LLC purchased a new stake in shares of Riley Exploration Permian in the fourth quarter valued at $120,000. Finally, SG Americas Securities LLC grew its position in shares of Riley Exploration Permian by 24.7% in the fourth quarter. SG Americas Securities LLC now owns 5,100 shares of the company’s stock valued at $163,000 after purchasing an additional 1,010 shares during the period. Hedge funds and other institutional investors own 58.91% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity at Riley Exploration Permian

In other Riley Exploration Permian news, insider Corey Neil Riley sold 3,500 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $27.34, for a total transaction of $95,690.00. Following the transaction, the insider now owns 125,974 shares in the company, valued at $3,444,129.16. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Bobby Riley sold 15,000 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $33.37, for a total value of $500,550.00. Following the transaction, the chief executive officer now owns 296,375 shares in the company, valued at approximately $9,890,033.75. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.

Riley Exploration Permian Price Performance

Shares of Riley Exploration Permian stock opened at $28.39 on Friday. Riley Exploration Permian, Inc. has a twelve month low of $23.14 and a twelve month high of $37.55. The stock has a market capitalization of $610.53 million, a P/E ratio of 5.03 and a beta of 1.58. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. The business’s fifty day moving average price is $32.81 and its 200 day moving average price is $30.92.

Riley Exploration Permian Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend was Thursday, January 23rd. Riley Exploration Permian’s payout ratio is currently 35.68%.

Riley Exploration Permian 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.