Riley Exploration Permian, Inc. (NYSE:REPX) Shares Purchased by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC boosted its position in Riley Exploration Permian, Inc. (NYSE:REPX) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 394,796 shares of the company’s stock after purchasing an additional 4,788 shares during the quarter. Riley Exploration Permian comprises approximately 2.5% of Jackson Hole Capital Partners LLC’s investment portfolio, making the stock its 6th largest position. Jackson Hole Capital Partners LLC’s holdings in Riley Exploration Permian were worth $12,602,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in REPX. CWA Asset Management Group LLC acquired a new position in Riley Exploration Permian in the 3rd quarter valued at $223,000. Victory Capital Management Inc. grew its holdings 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 buying an additional 14,810 shares in the last quarter. Empowered Funds LLC grew its holdings in Riley Exploration Permian by 5.2% in the 3rd 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 in the last quarter. Quest Partners LLC grew its holdings in Riley Exploration Permian by 135.0% in the 3rd quarter. Quest Partners LLC now owns 8,967 shares of the company’s stock valued at $238,000 after buying an additional 5,152 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in Riley Exploration Permian in the 3rd quarter valued at $1,592,000. 58.91% of the stock is owned by institutional investors and hedge funds.

Riley Exploration Permian Stock Down 0.5 %

Shares of NYSE:REPX opened at $28.28 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average of $33.28 and a two-hundred day moving average of $30.94. The stock has a market cap of $607.54 million, a P/E ratio of 5.01 and a beta of 1.58. Riley Exploration Permian, Inc. has a 52-week low of $23.14 and a 52-week high of $37.55.

Riley Exploration Permian Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend was Thursday, January 23rd. Riley Exploration Permian’s payout ratio is currently 26.95%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upped 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 Buying and Selling at Riley Exploration Permian

In related news, CEO Bobby Riley sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $33.37, for a total transaction of $500,550.00. Following the completion of the sale, the chief executive officer now directly owns 296,375 shares of the company’s stock, valued at approximately $9,890,033.75. This trade represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.90% of the stock is owned by company insiders.

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.