Jackson Hole Capital Partners LLC Purchases 66,621 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

Jackson Hole Capital Partners LLC raised its stake in Riley Exploration Permian, Inc. (NYSE:REPX) by 17.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 449,925 shares of the company’s stock after purchasing an additional 66,621 shares during the period. Riley Exploration Permian accounts for about 3.1% of Jackson Hole Capital Partners LLC’s holdings, making the stock its 5th biggest position. Jackson Hole Capital Partners LLC owned 2.20% of Riley Exploration Permian worth $12,256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System purchased a new position in shares of Riley Exploration Permian during the third quarter worth approximately $25,000. Strs Ohio grew its position in shares of Riley Exploration Permian by 300.0% during the fourth quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $32,000 after acquiring an additional 900 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Riley Exploration Permian during the third quarter worth approximately $78,000. Allspring Global Investments Holdings LLC grew its position in shares of Riley Exploration Permian by 494.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,142 shares of the company’s stock worth $100,000 after acquiring an additional 2,613 shares during the last quarter. Finally, Navellier & Associates Inc. grew its position in shares of Riley Exploration Permian by 30.9% during the third quarter. Navellier & Associates Inc. now owns 10,444 shares of the company’s stock worth $332,000 after acquiring an additional 2,465 shares during the last quarter. 58.91% of the stock is currently owned by hedge funds and other institutional investors.

Riley Exploration Permian Stock Performance

NYSE:REPX traded down $0.13 during midday trading on Thursday, reaching $26.91. The stock had a trading volume of 129,282 shares, compared to its average volume of 129,862. The firm has a fifty day simple moving average of $27.94 and a two-hundred day simple moving average of $26.94. Riley Exploration Permian, Inc. has a 12-month low of $21.27 and a 12-month high of $44.23. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.80. The stock has a market cap of $656.87 million, a P/E ratio of 4.82 and a beta of 1.26.

Riley Exploration Permian (NYSE:REPX) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $94.77 million. On average, equities analysts expect that Riley Exploration Permian, Inc. will post 7.14 EPS for the current year.

Riley Exploration Permian Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, April 25th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date is Wednesday, April 24th. Riley Exploration Permian’s dividend payout ratio (DPR) is currently 25.81%.

Insider Buying and Selling at Riley Exploration Permian

In other Riley Exploration Permian news, major shareholder Riley Exploration Ho Bluescape sold 700,000 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was 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 $115,395,493.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Riley Exploration Permian news, major shareholder Riley Exploration Ho Bluescape sold 700,000 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was 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 $115,395,493.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Bobby Riley sold 15,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $28.21, for a total value of $423,150.00. Following the completion of the sale, the chief executive officer now directly owns 364,198 shares of the company’s stock, valued at approximately $10,274,025.58. The disclosure for this sale can be found here. 3.30% of the stock is owned by corporate insiders.

Riley Exploration Permian 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.