Riley Exploration Permian, Inc. (NYSE:REPX) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in Riley Exploration Permian, Inc. (NYSE:REPX) by 61.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 39,091 shares of the company’s stock after acquiring an additional 14,810 shares during the period. Victory Capital Management Inc. owned 0.18% of Riley Exploration Permian worth $1,036,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of REPX. Russell Investments Group Ltd. raised its holdings in Riley Exploration Permian by 785.9% in the 1st quarter. Russell Investments Group Ltd. now owns 4,571 shares of the company’s stock valued at $151,000 after acquiring an additional 4,055 shares during the last quarter. CWM LLC raised its holdings in Riley Exploration Permian by 1,191.7% in the 2nd quarter. CWM LLC now owns 1,240 shares of the company’s stock valued at $35,000 after acquiring an additional 1,144 shares during the last quarter. Summit Global Investments acquired a new position in Riley Exploration Permian in the 2nd quarter valued at $252,000. Bank of New York Mellon Corp raised its holdings in Riley Exploration Permian by 7.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 237,578 shares of the company’s stock valued at $6,726,000 after acquiring an additional 16,267 shares during the last quarter. Finally, Bailard Inc. grew its stake in shares of Riley Exploration Permian by 56.5% during the 2nd quarter. Bailard Inc. now owns 27,977 shares of the company’s stock valued at $792,000 after buying an additional 10,100 shares during the period. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Riley Exploration Permian Stock Down 0.2 %

Shares of NYSE REPX opened at $34.90 on Thursday. Riley Exploration Permian, Inc. has a 52-week low of $21.27 and a 52-week high of $37.15. The firm has a fifty day moving average of $29.67 and a 200-day moving average of $28.20. The stock has a market capitalization of $749.65 million, a PE ratio of 6.19 and a beta of 1.34. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53.

Riley Exploration Permian Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 24th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, October 24th. This is a boost from Riley Exploration Permian’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 4.36%. Riley Exploration Permian’s payout ratio is currently 26.95%.

Insider Activity

In related news, CEO Bobby Riley sold 6,302 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $26.52, for a total transaction of $167,129.04. Following the completion of the sale, the chief executive officer now directly owns 335,356 shares of the company’s stock, valued at approximately $8,893,641.12. This represents a 1.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial boosted their price objective on shares of Riley Exploration Permian from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, November 14th.

Riley Exploration Permian Company Profile

Riley Exploration Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico. The company's activities are primarily focused on the Northwest Shelf and Yeso trend of the Permian Basin.