Bailard Inc. Sells 1,400 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

Bailard Inc. lowered its holdings in Riley Exploration Permian, Inc. (NYSE:REPX) by 7.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,877 shares of the company’s stock after selling 1,400 shares during the quarter. Bailard Inc.’s holdings in Riley Exploration Permian were worth $487,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new stake in shares of Riley Exploration Permian in the third quarter valued at approximately $25,000. Strs Ohio boosted its holdings in Riley Exploration Permian by 300.0% in the 4th quarter. Strs Ohio now owns 1,200 shares of the company’s stock valued at $32,000 after purchasing an additional 900 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Riley Exploration Permian in the 3rd quarter worth $78,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Riley Exploration Permian by 494.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,142 shares of the company’s stock worth $100,000 after purchasing an additional 2,613 shares during the period. Finally, Navellier & Associates Inc. increased its holdings in shares of 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 during the period. 58.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Riley Exploration Permian news, major shareholder Riley Exploration Ho Bluescape sold 700,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $25.52, for a total value of $17,864,000.00. Following the sale, the insider now owns 4,521,767 shares of the company’s stock, valued at approximately $115,395,493.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Riley Exploration Permian news, major shareholder Riley Exploration Ho Bluescape sold 700,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $25.52, for a total transaction of $17,864,000.00. Following the completion of the transaction, the insider now owns 4,521,767 shares in the company, valued at $115,395,493.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alvin Gerald Libin acquired 75,000 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were bought at an average cost of $27.00 per share, for a total transaction of $2,025,000.00. Following the completion of the acquisition, the insider now directly owns 2,194,921 shares of the company’s stock, valued at approximately $59,262,867. The disclosure for this purchase can be found here. 3.30% of the stock is owned by company insiders.

Riley Exploration Permian Stock Down 0.6 %

NYSE REPX opened at $26.76 on Friday. Riley Exploration Permian, Inc. has a twelve month low of $21.27 and a twelve month high of $44.23. The stock has a market cap of $653.21 million, a PE ratio of 5.45 and a beta of 1.26. The firm has a 50-day simple moving average of $28.05 and a 200 day simple moving average of $26.90. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.61 and a current ratio of 0.67.

Riley Exploration Permian (NYSE:REPX) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.91). Riley Exploration Permian had a net margin of 29.75% and a return on equity of 25.08%. The firm had revenue of $99.83 million during the quarter, compared to analyst estimates of $94.77 million. On average, research analysts forecast that Riley Exploration Permian, Inc. will post 7.14 EPS for the current year.

Riley Exploration Permian Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, April 25th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $1.44 annualized dividend and a yield of 5.38%. Riley Exploration Permian’s dividend payout ratio (DPR) is currently 25.81%.

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.