Denali Advisors LLC Purchases 4,400 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

Denali Advisors LLC lifted its position in Riley Exploration Permian, Inc. (NYSE:REPXFree Report) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,347 shares of the company’s stock after buying an additional 4,400 shares during the period. Denali Advisors LLC owned about 0.17% of Riley Exploration Permian worth $936,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Algert Global LLC bought a new stake in shares of Riley Exploration Permian in the 3rd quarter valued at $999,000. D.A. Davidson & CO. bought a new position in Riley Exploration Permian during the 3rd quarter worth about $383,000. CWA Asset Management Group LLC increased its holdings in Riley Exploration Permian by 27.0% during the 3rd quarter. CWA Asset Management Group LLC now owns 16,790 shares of the company’s stock worth $534,000 after purchasing an additional 3,567 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Riley Exploration Permian by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 166,650 shares of the company’s stock worth $5,298,000 after purchasing an additional 2,408 shares in the last quarter. Finally, Navellier & Associates Inc. increased its holdings in Riley Exploration Permian by 30.9% during the 3rd quarter. Navellier & Associates Inc. now owns 10,444 shares of the company’s stock worth $332,000 after purchasing an additional 2,465 shares in the last quarter. Institutional investors own 58.91% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Bobby Riley sold 15,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $28.21, for a total transaction of $423,150.00. Following the completion of the transaction, the chief executive officer now directly owns 364,198 shares in the company, valued at approximately $10,274,025.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Bobby Riley sold 15,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $28.21, for a total transaction of $423,150.00. Following the completion of the transaction, the chief executive officer now directly owns 364,198 shares in the company, valued at approximately $10,274,025.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Riley Exploration Group, Llc sold 13,870 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $21.92, for a total transaction of $304,030.40. Following the transaction, the insider now owns 2,165,219 shares of the company’s stock, valued at $47,461,600.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 105,748 shares of company stock worth $2,545,988. Corporate insiders own 3.30% of the company’s stock.

Riley Exploration Permian Stock Up 2.0 %

REPX stock traded up $0.65 during trading hours on Friday, reaching $33.00. 62,646 shares of the stock were exchanged, compared to its average volume of 81,969. The firm’s 50-day moving average is $25.33 and its 200-day moving average is $27.06. The company has a market cap of $673.20 million, a price-to-earnings ratio of 5.91 and a beta of 1.22. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.61. Riley Exploration Permian, Inc. has a 12 month low of $21.27 and a 12 month high of $47.79.

Riley Exploration Permian (NYSE:REPXGet Free Report) last released its earnings results on Wednesday, March 6th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.91). The firm had revenue of $99.83 million for the quarter, compared to the consensus estimate of $94.77 million. Riley Exploration Permian had a return on equity of 25.08% and a net margin of 29.75%. On average, equities research analysts expect that Riley Exploration Permian, Inc. will post 7.01 earnings per share for the current year.

Riley Exploration Permian Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 8th. Shareholders of record on Thursday, January 25th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend was Wednesday, January 24th. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 25.81%.

Riley Exploration Permian Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Riley Exploration Permian (NYSE:REPX)

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