First Eagle Investment Management LLC Takes Position in Riley Exploration Permian, Inc. (NYSE:REPX)

First Eagle Investment Management LLC bought a new stake in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 99,632 shares of the company's stock, valued at approximately $2,714,000. First Eagle Investment Management LLC owned about 0.49% of Riley Exploration Permian as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of REPX. Jackson Hole Capital Partners LLC raised its position in Riley Exploration Permian by 17.4% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 449,925 shares of the company's stock valued at $12,256,000 after purchasing an additional 66,621 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Riley Exploration Permian by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 166,650 shares of the company's stock worth $5,298,000 after buying an additional 2,408 shares during the period. PCG Wealth Advisors LLC grew its stake in shares of Riley Exploration Permian by 3.2% in the fourth quarter. PCG Wealth Advisors LLC now owns 117,912 shares of the company's stock worth $3,212,000 after purchasing an additional 3,680 shares during the last quarter. Kennedy Capital Management LLC raised its position in Riley Exploration Permian by 0.4% during the 3rd quarter. Kennedy Capital Management LLC now owns 106,795 shares of the company's stock worth $3,395,000 after purchasing an additional 405 shares during the last quarter. Finally, Denali Advisors LLC lifted its holdings in Riley Exploration Permian by 14.7% during the 4th quarter. Denali Advisors LLC now owns 34,347 shares of the company's stock worth $936,000 after buying an additional 4,400 shares during the period. Institutional investors and hedge funds own 58.91% of the company's stock.

Analyst Ratings Changes

Separately, Truist Financial lowered their price objective on Riley Exploration Permian from $51.00 to $48.00 and set a "buy" rating for the company in a research report on Monday, May 6th.

Riley Exploration Permian Trading Up 3.4 %

Shares of REPX traded up $0.88 during trading hours on Friday, hitting $26.54. 186,988 shares of the stock were exchanged, compared to its average volume of 156,582. Riley Exploration Permian, Inc. has a fifty-two week low of $21.27 and a fifty-two week high of $40.77. The business has a 50-day moving average of $28.58 and a 200-day moving average of $26.39. The firm has a market capitalization of $571.67 million, a P/E ratio of 5.39 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.59 and a quick ratio of 0.53.

Riley Exploration Permian (NYSE:REPX - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $99.83 million for the quarter, compared to analyst estimates of $94.77 million. Riley Exploration Permian had a return on equity of 25.64% and a net margin of 24.16%. On average, research analysts expect that Riley Exploration Permian, Inc. will post 6.87 EPS for the current year.

Riley Exploration Permian Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, April 25th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend was Wednesday, April 24th. Riley Exploration Permian's payout ratio is 29.27%.

Insider Transactions at Riley Exploration Permian

In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of Riley Exploration Permian 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 $10,274,025.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Riley Exploration Permian news, major shareholder Alvin Gerald Libin acquired 75,000 shares of Riley Exploration Permian stock in a transaction dated Thursday, April 4th. The stock was purchased at an average cost of $27.00 per share, for a total transaction of $2,025,000.00. Following the completion of the acquisition, the insider now directly owns 2,194,921 shares of the company's stock, valued at $59,262,867. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Bobby Riley sold 15,000 shares of the company's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $28.21, for a total transaction of $423,150.00. Following the completion of the sale, the chief executive officer now owns 364,198 shares in the company, valued at approximately $10,274,025.58. The disclosure for this sale can be found here. Insiders own 3.90% of the company's stock.

About Riley Exploration Permian

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.