Quantinno Capital Management LP Has $1.13 Million Stock Holdings in Riley Exploration Permian, Inc. $REPX

Quantinno Capital Management LP boosted its position in Riley Exploration Permian, Inc. (NYSE:REPX) by 104.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 31,075 shares of the company’s stock after buying an additional 15,845 shares during the quarter. Quantinno Capital Management LP’s holdings in Riley Exploration Permian were worth $1,133,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in REPX. Aster Capital Management DIFC Ltd bought a new stake in Riley Exploration Permian during the 4th quarter worth about $27,000. Royal Bank of Canada boosted its stake in shares of Riley Exploration Permian by 210.9% in 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 last quarter. Quarry LP bought a new position in shares of Riley Exploration Permian in the 3rd quarter valued at about $46,000. Advisory Services Network LLC acquired a new stake in shares of Riley Exploration Permian during the 3rd quarter worth approximately $65,000. Finally, Parkwood LLC acquired a new stake in shares of Riley Exploration Permian during the 3rd quarter worth approximately $68,000. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Roth Capital reissued a “buy” rating and set a $45.00 price target on shares of Riley Exploration Permian in a research note on Thursday, July 23rd. Truist Financial reduced their price objective on shares of Riley Exploration Permian from $47.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Zacks Research lowered shares of Riley Exploration Permian from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Insider Buying and Selling

In other Riley Exploration Permian news, CEO Bobby Riley sold 12,500 shares of Riley Exploration Permian stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $35.85, for a total value of $448,125.00. Following the transaction, the chief executive officer owned 482,983 shares of the company’s stock, valued at approximately $17,314,940.55. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Corey Neil Riley sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $35.20, for a total transaction of $123,200.00. Following the completion of the transaction, the insider owned 210,062 shares of the company’s stock, valued at $7,394,182.40. This trade represents a 1.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.20% of the stock is currently owned by corporate insiders.

Riley Exploration Permian Stock Up 1.8%

Shares of Riley Exploration Permian stock opened at $36.13 on Friday. The company has a market capitalization of $800.42 million, a P/E ratio of 6.41 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. The business has a 50-day moving average of $34.10 and a two-hundred day moving average of $33.70. Riley Exploration Permian, Inc. has a 1 year low of $24.08 and a 1 year high of $41.53.

Riley Exploration Permian Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Wednesday, July 29th. Riley Exploration Permian’s dividend payout ratio is presently 28.99%.

Riley Exploration Permian Profile

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.