Riley Exploration Permian, Inc. (NYSE:REPX) is Jackson Hole Capital Partners LLC's 7th Largest Position

Jackson Hole Capital Partners LLC decreased its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 369,060 shares of the company's stock after selling 25,736 shares during the quarter. Riley Exploration Permian makes up about 2.1% of Jackson Hole Capital Partners LLC's holdings, making the stock its 7th biggest position. Jackson Hole Capital Partners LLC owned approximately 1.71% of Riley Exploration Permian worth $10,765,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in shares of Riley Exploration Permian by 93.5% in the 1st quarter. GAMMA Investing LLC now owns 929 shares of the company's stock valued at $27,000 after purchasing an additional 449 shares during the period. Summit Investment Advisors Inc. grew its position in Riley Exploration Permian by 44.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company's stock worth $38,000 after acquiring an additional 368 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Riley Exploration Permian by 68.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,150 shares of the company's stock worth $61,000 after acquiring an additional 874 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Riley Exploration Permian during the 4th quarter valued at $77,000. Finally, Quantbot Technologies LP bought a new position in Riley Exploration Permian in the 4th quarter valued at $110,000. Institutional investors and hedge funds own 58.91% of the company's stock.

Insiders Place Their Bets

In other news, CEO Bobby Riley sold 15,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $27.92, for a total transaction of $418,800.00. Following the sale, the chief executive officer owned 424,636 shares of the company's stock, valued at $11,855,837.12. This trade represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 25,000 shares of company stock valued at $702,600 over the last quarter. Corporate insiders own 4.70% of the company's stock.

Riley Exploration Permian Price Performance

NYSE:REPX traded up $0.77 during mid-day trading on Monday, reaching $27.42. 61,554 shares of the company were exchanged, compared to its average volume of 104,372. Riley Exploration Permian, Inc. has a 12 month low of $21.98 and a 12 month high of $37.55. The stock has a market cap of $603.76 million, a PE ratio of 4.86 and a beta of 1.52. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average of $26.91 and a 200 day moving average of $28.76.

Riley Exploration Permian Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 24th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 5.54%. The ex-dividend date is Thursday, July 24th. Riley Exploration Permian's payout ratio is 32.48%.

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.