Tower Research Capital LLC TRC Increases Holdings in Riley Exploration Permian, Inc. (NYSE:REPX)

Tower Research Capital LLC TRC lifted its holdings in Riley Exploration Permian, Inc. (NYSE:REPX) by 92.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,004 shares of the company’s stock after acquiring an additional 962 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Riley Exploration Permian were worth $55,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. New York State Teachers Retirement System acquired a new position in shares of Riley Exploration Permian in the 3rd quarter valued at about $25,000. Strs Ohio boosted its position in Riley Exploration Permian by 300.0% in the 4th quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $32,000 after purchasing an additional 900 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Riley Exploration Permian in the 3rd quarter worth approximately $78,000. Allspring Global Investments Holdings LLC grew its stake 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, Jump Financial LLC acquired a new position in shares of Riley Exploration Permian in the 4th quarter valued at $248,000. Hedge funds and other institutional investors own 58.91% of the company’s stock.

Insider Activity

In related 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 completion of 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 SEC, which is available through this hyperlink. In other news, CEO Bobby Riley sold 15,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 364,198 shares of the company’s stock, valued at $10,274,025.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Riley Exploration Ho Bluescape sold 700,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was 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 directly owns 4,521,767 shares in the company, valued at $115,395,493.84. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.

Riley Exploration Permian Stock Performance

NYSE REPX traded down $0.07 during mid-day trading on Monday, reaching $26.69. 154,012 shares of the stock were exchanged, compared to its average volume of 130,744. The company has a market capitalization of $651.50 million, a P/E ratio of 4.78 and a beta of 1.26. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.61 and a current ratio of 0.67. The business’s 50 day moving average is $28.10 and its 200-day moving average is $26.87. Riley Exploration Permian, Inc. has a 1 year low of $21.27 and a 1 year high of $44.23.

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

Riley Exploration Permian Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, April 25th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend is Wednesday, April 24th. Riley Exploration Permian’s payout ratio is 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.