Sei Investments Co. Purchases 19,650 Shares of Riley Exploration Permian, Inc. $REPX

Sei Investments Co. boosted its position in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 90.0% in the first quarter, Holdings Channel reports. The fund owned 41,484 shares of the company’s stock after acquiring an additional 19,650 shares during the period. Sei Investments Co.’s holdings in Riley Exploration Permian were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of REPX. Aster Capital Management DIFC Ltd bought a new position in shares of Riley Exploration Permian in the fourth quarter worth about $27,000. Royal Bank of Canada boosted its stake in Riley Exploration Permian by 210.9% during the 4th quarter. Royal Bank of Canada now owns 1,138 shares of the company’s stock valued at $31,000 after purchasing an additional 772 shares during the period. Quarry LP bought a new stake in Riley Exploration Permian during the 3rd quarter valued at approximately $46,000. Advisory Services Network LLC acquired a new stake in Riley Exploration Permian in the 3rd quarter valued at approximately $65,000. Finally, Parkwood LLC acquired a new stake in Riley Exploration Permian in the 3rd quarter valued at approximately $68,000. 58.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

REPX has been the topic of several recent analyst reports. Roth Capital reaffirmed a “buy” rating and issued a $45.00 price target on shares of Riley Exploration Permian in a research report on Thursday, July 23rd. Zacks Research cut Riley Exploration Permian from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $46.00.

Riley Exploration Permian Trading Up 5.8%

Riley Exploration Permian stock opened at $36.21 on Tuesday. The business has a 50 day moving average price of $34.08 and a two-hundred day moving average price of $33.50. 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 stock has a market cap of $785.61 million, a price-to-earnings ratio of 6.42 and a beta of 0.93. Riley Exploration Permian, Inc. has a 12 month low of $24.08 and a 12 month high of $41.53.

Riley Exploration Permian Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Wednesday, July 29th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, July 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.4%. Riley Exploration Permian’s payout ratio is currently 28.99%.

About Riley Exploration Permian

Riley Exploration Permian, Inc (NYSE:REPX) is a special purpose acquisition company formed to identify, acquire and operate assets in the oil and natural gas sector, with a dedicated focus on the Permian Basin. Incorporated in Delaware, the company completed its initial public offering on the New York Stock Exchange and is positioned to pursue a business combination with one or more upstream or midstream energy businesses. Riley Exploration Permian’s strategy centers on leveraging the region’s prolific reservoirs and existing infrastructure to drive growth and value for its shareholders.

The company seeks to target exploration and production assets in both the Midland and Delaware sub-basins of West Texas and southeastern New Mexico, where extensive pipeline networks and favorable geologic characteristics support efficient development.