7,973 Shares in Riley Exploration Permian, Inc. (NYSE:REPX) Acquired by Hamilton Lane Advisors LLC

Hamilton Lane Advisors LLC purchased a new stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,973 shares of the company’s stock, valued at approximately $254,000. Riley Exploration Permian makes up 0.2% of Hamilton Lane Advisors LLC’s investment portfolio, making the stock its 16th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mackenzie Financial Corp acquired a new stake in shares of Riley Exploration Permian during the second quarter worth about $4,392,000. AQR Capital Management LLC purchased a new position in Riley Exploration Permian during the 2nd quarter worth approximately $3,723,000. Marshall Wace LLP acquired a new stake in Riley Exploration Permian during the 2nd quarter valued at approximately $2,396,000. First Eagle Investment Management LLC boosted its holdings in shares of Riley Exploration Permian by 42.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 252,214 shares of the company’s stock valued at $7,140,000 after acquiring an additional 75,650 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Riley Exploration Permian by 95.5% in the second quarter. Renaissance Technologies LLC now owns 139,000 shares of the company’s stock worth $3,935,000 after acquiring an additional 67,900 shares during the period. Hedge funds and other institutional investors own 58.91% of the company’s stock.

Riley Exploration Permian Stock Performance

Shares of REPX stock opened at $36.62 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. Riley Exploration Permian, Inc. has a 12-month low of $21.27 and a 12-month high of $37.15. The business’s 50 day moving average is $33.22 and its two-hundred day moving average is $29.57. The company has a market capitalization of $786.60 million, a P/E ratio of 6.20 and a beta of 1.46.

Riley Exploration Permian Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $1.52 annualized dividend and a yield of 4.15%. Riley Exploration Permian’s dividend payout ratio (DPR) is currently 26.95%.

Wall Street Analyst Weigh In

Separately, Truist Financial boosted their price objective on Riley Exploration Permian from $45.00 to $47.00 and gave the company a “buy” rating in a report on Monday.

Insider Buying and Selling at Riley Exploration Permian

In related news, CEO Bobby Riley sold 1,310 shares of Riley Exploration Permian stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $35.17, for a total transaction of $46,072.70. Following the transaction, the chief executive officer now owns 311,375 shares in the company, valued at approximately $10,951,058.75. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.90% of the company’s stock.

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.