Martingale Asset Management L P Raises Position in Riley Exploration Permian, Inc. (NYSE:REPX)

Martingale Asset Management L P lifted its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 20.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,385 shares of the company’s stock after purchasing an additional 5,764 shares during the quarter. Martingale Asset Management L P’s holdings in Riley Exploration Permian were worth $1,098,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. New York State Teachers Retirement System acquired a new stake in Riley Exploration Permian in the 4th quarter worth about $33,000. KLP Kapitalforvaltning AS purchased a new stake in Riley Exploration Permian in the fourth quarter valued at approximately $77,000. Travelers Companies Inc. acquired a new position in Riley Exploration Permian during the fourth quarter worth approximately $80,000. Quantbot Technologies LP purchased a new position in Riley Exploration Permian during the fourth quarter worth approximately $110,000. Finally, Toth Financial Advisory Corp purchased a new position in Riley Exploration Permian during the fourth quarter worth approximately $115,000. Hedge funds and other institutional investors own 58.91% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Riley Exploration Permian

In other news, insider Corey Neil Riley sold 3,500 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $27.34, for a total value of $95,690.00. Following the completion of the sale, the insider now owns 125,974 shares in the company, valued at approximately $3,444,129.16. This trade represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bobby Riley sold 15,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 296,375 shares in the company, valued at $9,890,033.75. This trade represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,477 shares of company stock valued at $770,589 over the last ninety days. Corporate insiders own 3.90% of the company’s stock.

Riley Exploration Permian Stock Performance

NYSE REPX opened at $24.02 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. Riley Exploration Permian, Inc. has a 1-year low of $21.98 and a 1-year high of $37.55. The firm has a market capitalization of $516.55 million, a P/E ratio of 4.26 and a beta of 1.47. The business’s 50-day simple moving average is $29.81 and its 200-day simple moving average is $31.02.

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.