PDT Partners Reduces Position in Riley Exploration Permian, Inc. (REPX) to 0.08%

Riley Exploration Permian, Inc. (NYSEAMERICAN:REPX) is among the best stocks with the highest upside potential. According to a recent disclosure with the SEC, PDT Partners LLC has trimmed its stake in Riley Exploration Permian, Inc. (NYSEAMERICAN:REPX) by 34.2% during the first quarter. Following the sale of 8,681 shares, the hedge fund firm now owns 16,698 shares, which translates to an ownership of about 0.08%.

Just recently, Riley Exploration Permian, Inc. (NYSEAMERICAN:REPX) announced the completion of its Silverback acquisition, a step that will contribute to overall growth and market access. With management partially reversing its previous capex budget cuts, we can expect the company to rebuild its DUCs and alleviate its New Mexico gas takeaway situation.

If there’s one thing about Riley Exploration Permian, Inc. (NYSEAMERICAN:REPX) that is valued the most, it’s the fact that the company never ignores its shareholders. The company has mastered the skill of perfectly allocating its resources between investments and investors’ remuneration. A testament to this is the company’s approximately 6% dividend yield, amid the development of its midstream and power projects.

Riley Exploration Permian, Inc. (NYSEAMERICAN:REPX) is an Oklahoma-based independent oil and natural gas company that acquires, explores, and produces oil, natural gas, and natural gas liquids.

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Disclosure: None.