Carlyle Group Inc. Makes New $530,000 Investment in Riley Exploration Permian, Inc. $REPX

Carlyle Group Inc. purchased a new position in shares of Riley Exploration Permian, Inc. (NYSE:REPX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,092 shares of the company’s stock, valued at approximately $530,000. Riley Exploration Permian makes up about 0.0% of Carlyle Group Inc.’s investment portfolio, making the stock its 14th biggest holding. Carlyle Group Inc. owned 0.07% of Riley Exploration Permian at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in Riley Exploration Permian during the 4th quarter worth $27,000. Royal Bank of Canada lifted its holdings in Riley Exploration Permian by 210.9% during the fourth quarter. Royal Bank of Canada now owns 1,138 shares of the company’s stock worth $31,000 after acquiring an additional 772 shares in the last quarter. Quarry LP acquired a new position in Riley Exploration Permian in the third quarter valued at about $46,000. Advisory Services Network LLC acquired a new position in Riley Exploration Permian in the third quarter valued at about $65,000. Finally, Parkwood LLC bought a new stake in shares of Riley Exploration Permian in the third quarter worth about $68,000. Institutional investors and hedge funds own 58.91% of the company’s stock.

Analyst Ratings Changes

REPX has been the topic of a number of research analyst reports. Zacks Research lowered Riley Exploration Permian from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Truist Financial decreased their price objective on Riley Exploration Permian from $47.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Finally, Roth Capital reissued a “buy” rating and set a $45.00 target price on shares of Riley Exploration Permian in a research note on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.00.

Insider Buying and Selling

In other news, CEO Bobby Riley sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $35.85, for a total transaction of $448,125.00. Following the completion of the transaction, the chief executive officer directly owned 482,983 shares of the company’s stock, valued at $17,314,940.55. This trade represents a 2.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Corey Neil Riley sold 3,500 shares of Riley Exploration Permian stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $35.20, for a total transaction of $123,200.00. Following the completion of the sale, the insider owned 210,062 shares in the company, valued at $7,394,182.40. This trade represents a 1.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.20% of the stock is currently owned by company insiders.

Riley Exploration Permian Price Performance

REPX stock opened at $37.10 on Tuesday. The stock has a 50-day moving average price of $34.13 and a two-hundred day moving average price of $33.81. Riley Exploration Permian, Inc. has a 1 year low of $24.08 and a 1 year high of $41.53. The stock has a market cap of $821.91 million, a PE ratio of 6.58 and a beta of 0.93. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Wednesday, July 29th. Riley Exploration Permian’s dividend payout ratio (DPR) is currently 28.99%.

Riley Exploration Permian 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.