Riley Exploration Permian, Inc. (NYSE:REPX) Shares Purchased by Martingale Asset Management L P

Martingale Asset Management L P grew its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 20.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,385 shares of the company’s stock after purchasing an additional 5,764 shares during the period. Martingale Asset Management L P owned approximately 0.16% of Riley Exploration Permian worth $1,098,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New York State Common Retirement Fund boosted its stake in shares of Riley Exploration Permian by 45.4% in the fourth quarter. New York State Common Retirement Fund now owns 32,644 shares of the company’s stock valued at $1,042,000 after buying an additional 10,200 shares in the last quarter. Barclays PLC boosted its position in shares of Riley Exploration Permian by 167.2% during the 3rd quarter. Barclays PLC now owns 17,574 shares of the company’s stock worth $464,000 after purchasing an additional 10,997 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Riley Exploration Permian by 35.5% during the 4th quarter. American Century Companies Inc. now owns 385,341 shares of the company’s stock worth $12,300,000 after purchasing an additional 100,891 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Riley Exploration Permian by 48.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 121,353 shares of the company’s stock valued at $3,215,000 after purchasing an additional 39,759 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Riley Exploration Permian in the fourth quarter valued at about $564,000. 58.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Riley Exploration Permian Stock Performance

NYSE REPX opened at $24.02 on Friday. The business has a 50 day moving average price of $29.81 and a 200 day moving average price of $31.02. The company has a market capitalization of $516.55 million, a P/E ratio of 4.26 and a beta of 1.47. Riley Exploration Permian, Inc. has a 1-year low of $21.98 and a 1-year high of $37.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64.

Insider Activity

In other news, insider Corey Neil Riley sold 3,500 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $27.34, for a total value of $95,690.00. Following the completion of the transaction, the insider now directly owns 125,974 shares of the company’s stock, valued at $3,444,129.16. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Bobby Riley sold 15,000 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $33.37, for a total value of $500,550.00. Following the completion of the sale, the chief executive officer now owns 296,375 shares in the company, valued at $9,890,033.75. This represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,477 shares of company stock worth $770,589 over the last 90 days. 3.90% of the stock is currently 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.