CWA Asset Management Group LLC Has $337,000 Position in Riley Exploration Permian, Inc. (NYSE:REPX)

CWA Asset Management Group LLC increased its position in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 25.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,545 shares of the company’s stock after acquiring an additional 2,125 shares during the period. CWA Asset Management Group LLC’s holdings in Riley Exploration Permian were worth $337,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mackenzie Financial Corp acquired a new stake in shares of Riley Exploration Permian in the second quarter valued at about $4,392,000. AQR Capital Management LLC bought a new stake in Riley Exploration Permian during the second quarter valued at $3,723,000. Marshall Wace LLP acquired a new stake in Riley Exploration Permian during the second quarter worth approximately $2,396,000. First Eagle Investment Management LLC grew its position in shares of Riley Exploration Permian by 42.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 252,214 shares of the company’s stock worth $7,140,000 after buying an additional 75,650 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Riley Exploration Permian by 95.5% in the second quarter. Renaissance Technologies LLC now owns 139,000 shares of the company’s stock worth $3,935,000 after purchasing an additional 67,900 shares during the period. 58.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Truist Financial boosted their price objective on Riley Exploration Permian from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, November 14th.

Riley Exploration Permian Trading Down 0.3 %

NYSE REPX opened at $32.92 on Thursday. Riley Exploration Permian, Inc. has a 12 month low of $21.27 and a 12 month high of $37.15. 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 firm has a market capitalization of $707.22 million, a P/E ratio of 5.84 and a beta of 1.46. The business has a fifty day simple moving average of $32.39 and a 200 day simple moving average of $29.32.

Insider Activity at Riley Exploration Permian

In related news, CEO Bobby Riley sold 1,310 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $35.17, for a total transaction of $46,072.70. Following the completion of the sale, the chief executive officer now directly owns 311,375 shares of the company’s stock, valued at approximately $10,951,058.75. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.90% of the stock is owned by insiders.

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.