BlackRock Inc. acquired a new 5.64% ownership stake in Riley Exploration Permian (REPX). The asset manager purchased over 1.22 million shares. This position is valued at approximately $40.3 million according to a Securities and Exchange Commission filing.
The investment follows Riley Exploration's strong second-quarter 2026 financial results reported in early August. The company achieved record production during this period. Management subsequently raised its full-year guidance.
Other institutional investors have also increased their positions in the exploration and production firm recently.