PDT Partners LLC Sells 8,681 Shares of Riley Exploration Permian, Inc. $REPX

Key Points

• PDT Partners LLC reduced its holdings in Riley Exploration Permian, Inc. by 34.2% during the 1st quarter, owning approximately 16,698 shares worth $487,000 at the end of the quarter.
• Insider sales have occurred, including CEO Bobby Riley selling 15,000 shares worth $390,150, which decreased his ownership by 3.62% to 399,636 shares.
• Riley Exploration recently declared a quarterly dividend of $0.38, resulting in an annualized dividend yield of 5.2%.

PDT Partners LLC cut its position in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 34.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 16,698 shares of the company's stock after selling 8,681 shares during the period. PDT Partners LLC owned approximately 0.08% of Riley Exploration Permian worth $487,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. American Century Companies Inc. raised its holdings in shares of Riley Exploration Permian by 25.8% during the first quarter. American Century Companies Inc. now owns 484,614 shares of the company's stock valued at $14,136,000 after purchasing an additional 99,273 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Riley Exploration Permian by 50.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company's stock valued at $9,691,000 after purchasing an additional 101,309 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Riley Exploration Permian by 30.3% during the fourth quarter. Northern Trust Corp now owns 127,165 shares of the company's stock valued at $4,059,000 after purchasing an additional 29,549 shares during the last quarter. Brandywine Global Investment Management LLC raised its holdings in shares of Riley Exploration Permian by 19.2% during the first quarter. Brandywine Global Investment Management LLC now owns 78,300 shares of the company's stock valued at $2,284,000 after purchasing an additional 12,620 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Riley Exploration Permian by 16.4% during the first quarter. Segall Bryant & Hamill LLC now owns 70,187 shares of the company's stock valued at $2,047,000 after purchasing an additional 9,864 shares during the last quarter. 58.91% of the stock is owned by hedge funds and other institutional investors.

Riley Exploration Permian Stock Performance

Shares of REPX traded up $0.56 during mid-day trading on Wednesday, hitting $27.59. 13,290 shares of the company traded hands, compared to its average volume of 106,815. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. The stock has a 50-day moving average price of $27.27 and a two-hundred day moving average price of $27.24. Riley Exploration Permian, Inc. has a 1 year low of $21.98 and a 1 year high of $37.55. The stock has a market cap of $608.14 million, a price-to-earnings ratio of 4.89 and a beta of 1.28.

Riley Exploration Permian Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Thursday, July 24th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Thursday, July 24th. Riley Exploration Permian's payout ratio is presently 33.55%.

Insider Activity at Riley Exploration Permian

In related news, CEO Bobby Riley sold 15,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $26.01, for a total transaction of $390,150.00. Following the completion of the sale, the chief executive officer directly owned 399,636 shares in the company, valued at approximately $10,394,532.36. The trade was a 3.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Corey Neil Riley sold 3,500 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $26.42, for a total transaction of $92,470.00. Following the sale, the insider owned 176,700 shares of the company's stock, valued at $4,668,414. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,500 shares of company stock valued at $766,420 over the last three months. 4.70% 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.