ClearAlpha Technologies LP Sells 1,933 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

ClearAlpha Technologies LP reduced its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 20.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,518 shares of the company’s stock after selling 1,933 shares during the period. ClearAlpha Technologies LP’s holdings in Riley Exploration Permian were worth $240,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in REPX. New York State Teachers Retirement System acquired a new position in Riley Exploration Permian in the 4th quarter valued at approximately $33,000. Summit Investment Advisors Inc. raised its position in Riley Exploration Permian by 44.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company’s stock worth $38,000 after purchasing an additional 368 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Riley Exploration Permian during the 4th quarter worth about $77,000. Travelers Companies Inc. acquired a new stake in shares of Riley Exploration Permian in the fourth quarter valued at about $80,000. Finally, Quantbot Technologies LP bought a new position in shares of Riley Exploration Permian during the fourth quarter worth about $110,000. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Riley Exploration Permian Stock Performance

Shares of REPX opened at $25.06 on Tuesday. The firm’s fifty day simple moving average is $28.80 and its two-hundred day simple moving average is $30.95. Riley Exploration Permian, Inc. has a 12 month low of $21.98 and a 12 month high of $37.55. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $539.32 million, a P/E ratio of 4.44 and a beta of 1.47.

Riley Exploration Permian Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 24th will be issued a $0.38 dividend. The ex-dividend date is Thursday, April 24th. This represents a $1.52 dividend on an annualized basis and a yield of 6.07%. Riley Exploration Permian’s payout ratio is currently 35.68%.

Insider Buying and Selling at Riley Exploration Permian

In other Riley Exploration Permian news, insider Corey Neil Riley sold 3,500 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 125,974 shares of the company’s stock, valued at approximately $3,444,129.16. This trade represents a 2.70 % decrease in their ownership of the stock. The sale 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 that occurred on Monday, February 10th. The stock was sold at an average price of $33.37, for a total value of $500,550.00. Following the transaction, the chief executive officer now directly owns 296,375 shares in the company, valued at $9,890,033.75. The trade was a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,477 shares of company stock valued at $770,589. 3.90% of the stock is currently owned by company 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.