Kennondale Capital Management LLC Invests $1.10 Million in Riley Exploration Permian, Inc. (NYSE:REPX)

Kennondale Capital Management LLC purchased a new stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 34,572 shares of the company’s stock, valued at approximately $1,104,000.

Other hedge funds have also added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new position in shares of Riley Exploration Permian during the 4th quarter valued at $33,000. Travelers Companies Inc. purchased a new stake in Riley Exploration Permian during the fourth quarter valued at about $80,000. Toth Financial Advisory Corp bought a new position in Riley Exploration Permian during the fourth quarter worth about $115,000. Barings LLC purchased a new position in shares of Riley Exploration Permian in the fourth quarter worth about $120,000. Finally, SG Americas Securities LLC raised its position in shares of Riley Exploration Permian by 24.7% in the fourth quarter. SG Americas Securities LLC now owns 5,100 shares of the company’s stock valued at $163,000 after purchasing an additional 1,010 shares during the period. Institutional investors own 58.91% of the company’s stock.

Insider Transactions at Riley Exploration Permian

In other Riley Exploration Permian news, insider Corey Neil Riley sold 3,500 shares of the company’s 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 transaction, the insider now directly owns 125,974 shares in the company, valued at $3,444,129.16. This represents a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bobby Riley sold 15,000 shares of Riley Exploration Permian stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $33.37, for a total value of $500,550.00. Following the sale, the chief executive officer now owns 296,375 shares of the company’s stock, valued at approximately $9,890,033.75. This trade represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

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

Riley Exploration Permian Stock Performance

NYSE:REPX opened at $29.06 on Tuesday. The business’s fifty day moving average is $32.73 and its 200 day moving average is $30.95. The firm has a market cap of $624.94 million, a price-to-earnings ratio of 5.15 and a beta of 1.58. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. Riley Exploration Permian, Inc. has a 52-week low of $23.14 and a 52-week high of $37.55.

Riley Exploration Permian Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 5.23%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian’s dividend payout ratio is presently 35.68%.

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.