Riley Exploration Permian, Inc. (NYSE:REPX) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Riley Exploration Permian, Inc. (NYSE:REPX) by 20.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,031 shares of the company’s stock after purchasing an additional 8,278 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.23% of Riley Exploration Permian worth $1,299,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in Riley Exploration Permian by 61.0% during the 3rd quarter. Victory Capital Management Inc. now owns 39,091 shares of the company’s stock worth $1,036,000 after buying an additional 14,810 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Riley Exploration Permian by 95.5% in the second quarter. Renaissance Technologies LLC now owns 139,000 shares of the company’s stock worth $3,935,000 after purchasing an additional 67,900 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Riley Exploration Permian by 48.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 121,353 shares of the company’s stock worth $3,215,000 after acquiring an additional 39,759 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Riley Exploration Permian during the 2nd quarter valued at approximately $1,856,000. Finally, Bailard Inc. grew its stake in Riley Exploration Permian by 56.5% during the 2nd quarter. Bailard Inc. now owns 27,977 shares of the company’s stock worth $792,000 after buying an additional 10,100 shares during the last quarter. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Riley Exploration Permian Stock Performance

REPX opened at $32.18 on Wednesday. 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 $31.20 and its 200-day moving average is $28.82. The stock has a market cap of $691.23 million, a PE ratio of 5.60 and a beta of 1.42. Riley Exploration Permian, Inc. has a twelve month low of $21.27 and a twelve month high of $37.15.

Riley Exploration Permian Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 24th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Thursday, October 24th. This is a positive change from Riley Exploration Permian’s previous quarterly dividend of $0.36. Riley Exploration Permian’s payout ratio is 26.95%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, CEO Bobby Riley sold 6,302 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 335,356 shares in the company, valued at $8,893,641.12. This trade represents a 1.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 21,229 shares of company stock worth $614,249. 3.90% of the stock is owned by company insiders.

About Riley Exploration Permian

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.