Y Intercept Hong Kong Ltd Invests $629,000 in Riley Exploration Permian, Inc. $REPX

Y Intercept Hong Kong Ltd acquired a new stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 17,270 shares of the company’s stock, valued at approximately $629,000. Y Intercept Hong Kong Ltd owned approximately 0.08% of Riley Exploration Permian as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in Riley Exploration Permian by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 535,794 shares of the company’s stock valued at $14,146,000 after purchasing an additional 47,165 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Riley Exploration Permian by 9.8% in the fourth quarter. Geode Capital Management LLC now owns 303,060 shares of the company’s stock worth $8,003,000 after purchasing an additional 27,168 shares in the last quarter. Kennedy Capital Management LLC raised its position in shares of Riley Exploration Permian by 15.0% during the 3rd quarter. Kennedy Capital Management LLC now owns 248,663 shares of the company’s stock valued at $6,741,000 after purchasing an additional 32,522 shares during the period. State Street Corp raised its position in shares of Riley Exploration Permian by 2.5% during the 4th quarter. State Street Corp now owns 230,024 shares of the company’s stock valued at $6,073,000 after purchasing an additional 5,512 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Riley Exploration Permian by 12.3% in the 4th quarter. Mackenzie Financial Corp now owns 163,215 shares of the company’s stock worth $4,364,000 after buying an additional 17,941 shares during the period. 58.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Riley Exploration Permian

In related news, insider Corey Neil Riley sold 3,500 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $34.37, for a total value of $120,295.00. Following the sale, the insider directly owned 148,472 shares in the company, valued at approximately $5,102,982.64. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Bobby Riley sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $34.45, for a total value of $430,625.00. Following the transaction, the chief executive officer owned 313,020 shares of the company’s stock, valued at $10,783,539. This represents a 3.84% 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 insiders.

Riley Exploration Permian Stock Performance

Shares of NYSE REPX opened at $34.47 on Tuesday. The company has a market cap of $747.86 million, a P/E ratio of 6.11 and a beta of 0.91. Riley Exploration Permian, Inc. has a 52-week low of $24.08 and a 52-week high of $41.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. The firm’s fifty day moving average is $34.79 and its two-hundred day moving average is $32.37.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Truist Financial assumed coverage on Riley Exploration Permian in a research note on Tuesday, March 24th. They issued a “buy” rating and a $47.00 price target for the company. Roth Capital reiterated a “buy” rating on shares of Riley Exploration Permian in a research report on Thursday, April 30th. Finally, Zacks Research downgraded Riley Exploration Permian from a “strong-buy” rating to a “hold” rating in a research note 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 assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $41.50.

Riley Exploration Permian Company 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.