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A 10% owner group including Alvin Gerald Libin, Balmon Investments Ltd., and 2624063 Alberta Ltd., snapped up 15,000 shares of Riley Exploration Permian, Inc. (NYSE:REPX) on July 16, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The purchase comes as the stock trades at an attractive P/E ratio of 5.6x and offers a 6% dividend yield. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value estimate.
The shares were purchased at a price of $25.39, totaling approximately $380,850, amid an 8.9% decline in the stock price over the past week. Following the transaction, the group’s holdings increased to 2,236,921 shares, which are indirectly owned by 2624063 Alberta Ltd. Alvin Gerald Libin is the indirect beneficial owner of the reported securities. Shares that were previously owned directly by Balmon Investments Ltd., the parent company of 2624063 Alberta Ltd., were acquired by 2624063 Alberta Ltd. in a change of beneficial ownership. InvestingPro subscribers can access detailed insider trading analysis and 5 additional ProTips about REPX’s financial health, which is currently rated as GREAT.
In other recent news, Riley Exploration Permian Inc. reported its first-quarter 2025 earnings with an earnings per share (EPS) of $1.62, slightly exceeding the forecast of $1.60. However, the company’s revenue for the quarter was $102.46 million, which fell short of the expected $104.26 million. Despite this revenue miss, the company focused on strategic acquisitions, including the purchase of Silverback Exploration and assets in New Mexico, to bolster its portfolio. Additionally, Riley Exploration Permian successfully reduced its debt by $21 million, lowering its leverage to 0.9 times.
In corporate governance developments, stockholders approved several key proposals during the company’s annual meeting. This included the re-election of all six nominated directors and the appointment of BDO USA, P.C. as the independent registered public accounting firm for 2025. Furthermore, stockholders agreed to hold annual advisory votes on executive compensation. These decisions reflect ongoing investor confidence in the company’s management and strategic direction.
Riley Exploration Permian’s strategic growth initiatives and operational efficiencies were highlighted in an earnings call, where executives emphasized their focus on hedging and cost reduction amid challenging market conditions. The acquisition of Silverback Exploration is expected to enhance the company’s borrowing base and support future growth initiatives. Analysts noted the company’s strategic moves and operational improvements, with firms such as Roth Capital and Watertower Research participating in the earnings call discussions.
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