Koss Olinger Consulting LLC Grows Stake in Riley Exploration Permian, Inc. (NYSE:REPX)

Koss Olinger Consulting LLC boosted its position in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,326 shares of the company’s stock after purchasing an additional 409 shares during the quarter. Koss Olinger Consulting LLC owned about 0.08% of Riley Exploration Permian worth $485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of REPX. Empowered Funds LLC increased its holdings in Riley Exploration Permian by 8.0% during the 1st quarter. Empowered Funds LLC now owns 26,112 shares of the company’s stock worth $862,000 after purchasing an additional 1,925 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Riley Exploration Permian by 785.9% in the 1st quarter. Russell Investments Group Ltd. now owns 4,571 shares of the company’s stock valued at $151,000 after acquiring an additional 4,055 shares during the period. Avantax Advisory Services Inc. purchased a new position in shares of Riley Exploration Permian in the 1st quarter valued at $290,000. First Eagle Investment Management LLC increased its holdings in shares of Riley Exploration Permian by 77.2% in the 1st quarter. First Eagle Investment Management LLC now owns 176,564 shares of the company’s stock valued at $5,827,000 after acquiring an additional 76,932 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Riley Exploration Permian in the 1st quarter valued at $640,000. 58.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Bobby Riley sold 8,981 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $26.49, for a total value of $237,906.69. Following the completion of the transaction, the chief executive officer now owns 326,375 shares of the company’s stock, valued at $8,645,673.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.90% of the company’s stock.

Riley Exploration Permian Stock Down 3.4 %

Riley Exploration Permian stock opened at $27.77 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.63 and a quick ratio of 0.58. The stock has a market capitalization of $599.28 million, a price-to-earnings ratio of 5.71 and a beta of 1.33. Riley Exploration Permian, Inc. has a 1-year low of $21.27 and a 1-year high of $34.90. The business has a fifty day moving average price of $27.41 and a 200-day moving average price of $27.48.

Riley Exploration Permian (NYSE:REPX) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.13). Riley Exploration Permian had a return on equity of 25.74% and a net margin of 23.95%. The business had revenue of $105.40 million during the quarter, compared to analyst estimates of $106.62 million. Equities research analysts forecast that Riley Exploration Permian, Inc. will post 6.37 EPS for the current fiscal year.

Riley Exploration Permian Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 24th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 5.47%. The ex-dividend date is Thursday, October 24th. This is a boost from Riley Exploration Permian’s previous quarterly dividend of $0.36. Riley Exploration Permian’s payout ratio is 29.63%.

Analyst Ratings Changes

Separately, Truist Financial cut their price target on Riley Exploration Permian from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, September 30th.

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.