Charles Schwab Investment Management Inc. Has $3.22 Million Position in Riley Exploration Permian, Inc. (NYSE:REPX)

Charles Schwab Investment Management Inc. lifted its stake in Riley Exploration Permian, Inc. (NYSE:REPX) by 48.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 121,353 shares of the company’s stock after buying an additional 39,759 shares during the period. Charles Schwab Investment Management Inc. owned about 0.56% of Riley Exploration Permian worth $3,215,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of Riley Exploration Permian by 1,191.7% during the 2nd quarter. CWM LLC now owns 1,240 shares of the company’s stock worth $35,000 after purchasing an additional 1,144 shares in the last quarter. Summit Global Investments bought a new position in Riley Exploration Permian in the second quarter worth $252,000. Bank of New York Mellon Corp boosted its stake in Riley Exploration Permian by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 237,578 shares of the company’s stock worth $6,726,000 after buying an additional 16,267 shares in the last quarter. Bailard Inc. increased its holdings in Riley Exploration Permian by 56.5% in 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Riley Exploration Permian in the 2nd quarter valued at $39,000. 58.91% of the stock is owned by institutional investors and hedge funds.

Riley Exploration Permian Trading Up 1.4 %

REPX stock opened at $32.98 on Friday. Riley Exploration Permian, Inc. has a 1-year low of $21.27 and a 1-year high of $37.15. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $31.12 and its 200-day moving average is $28.79. The firm has a market cap of $708.51 million, a P/E ratio of 5.85 and a beta of 1.42.

Riley Exploration Permian Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 24th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.61%. This is a boost from Riley Exploration Permian’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, October 24th. Riley Exploration Permian’s dividend payout ratio is 26.95%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, CEO Bobby Riley sold 8,981 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $26.49, for a total transaction of $237,906.69. Following the completion of the sale, the chief executive officer now directly owns 326,375 shares of the company’s stock, valued at $8,645,673.75. This trade represents a 2.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 21,229 shares of company stock worth $614,249 over the last three months. 3.90% of the stock is currently owned by corporate insiders.

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.