Bluescape Energy Partners LLC Has $109.75 Million Stake in Riley Exploration Permian, Inc. $REPX

Bluescape Energy Partners LLC decreased its stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,157,327 shares of the company’s stock after selling 227,526 shares during the quarter. Riley Exploration Permian comprises about 28.6% of Bluescape Energy Partners LLC’s portfolio, making the stock its 2nd largest holding. Bluescape Energy Partners LLC owned approximately 0.19% of Riley Exploration Permian worth $109,753,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of REPX. Aster Capital Management DIFC Ltd bought a new position in shares of Riley Exploration Permian during the fourth quarter worth $27,000. Quarry LP purchased a new stake in shares of Riley Exploration Permian in the third quarter worth about $46,000. Advisory Services Network LLC purchased a new stake in shares of Riley Exploration Permian in the third quarter worth about $65,000. Parkwood LLC purchased a new stake in shares of Riley Exploration Permian in the third quarter worth about $68,000. Finally, State of Alaska Department of Revenue lifted its position in shares of Riley Exploration Permian by 346.3% in the fourth quarter. State of Alaska Department of Revenue now owns 3,579 shares of the company’s stock worth $94,000 after buying an additional 2,777 shares in the last quarter. Institutional investors own 58.91% of the company’s stock.

Analysts Set New Price Targets

REPX has been the topic of a number of research analyst reports. Roth Mkm reiterated a “buy” rating on shares of Riley Exploration Permian in a research report on Thursday, April 30th. William Blair reiterated an “outperform” rating on shares of Riley Exploration Permian in a research report on Thursday, March 5th. Truist Financial assumed coverage on Riley Exploration Permian in a research report on Tuesday, March 24th. They issued a “buy” rating and a $47.00 target price on the stock. Finally, Zacks Research cut shares of Riley Exploration Permian from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $41.50.

Insider Activity at Riley Exploration Permian

In other Riley Exploration Permian news, insider Corey Neil Riley sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $34.37, for a total transaction of $120,295.00. Following the sale, the insider directly owned 148,472 shares of the company’s stock, valued at $5,102,982.64. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Bobby Riley sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $34.45, for a total value of $430,625.00. Following the sale, the chief executive officer directly owned 313,020 shares in the company, valued at $10,783,539. The trade was a 3.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.20% of the company’s stock.

Riley Exploration Permian Trading Up 0.0%

REPX opened at $33.37 on Wednesday. The stock has a 50-day moving average of $36.10 and a 200 day moving average of $31.54. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. Riley Exploration Permian, Inc. has a 12 month low of $24.08 and a 12 month high of $41.53. The firm has a market cap of $724.00 million, a P/E ratio of 5.92 and a beta of 0.89.

Riley Exploration Permian Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Wednesday, April 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Wednesday, April 29th. Riley Exploration Permian’s payout ratio is presently 56.14%.

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.