Barclays PLC Buys 10,997 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

Barclays PLC boosted its stake in Riley Exploration Permian, Inc. (NYSE:REPX) by 167.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,574 shares of the company’s stock after buying an additional 10,997 shares during the quarter. Barclays PLC owned approximately 0.08% of Riley Exploration Permian worth $464,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Martingale Asset Management L P boosted its stake in shares of Riley Exploration Permian by 292.1% in the 3rd quarter. Martingale Asset Management L P now owns 28,621 shares of the company’s stock valued at $758,000 after purchasing an additional 21,321 shares in the last quarter. 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 valued at $1,036,000 after purchasing an additional 14,810 shares during the last quarter. Renaissance Technologies LLC boosted its position in Riley Exploration Permian by 95.5% in the second quarter. Renaissance Technologies LLC now owns 139,000 shares of the company’s stock valued at $3,935,000 after buying an additional 67,900 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Riley Exploration Permian by 48.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 121,353 shares of the company’s stock worth $3,215,000 after buying an additional 39,759 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Riley Exploration Permian during the second quarter worth approximately $1,856,000. 58.91% of the stock is currently owned by institutional investors.

Riley Exploration Permian Price Performance

Shares of REPX stock opened at $33.39 on Friday. Riley Exploration Permian, Inc. has a 52 week low of $21.27 and a 52 week high of $37.15. The stock has a market capitalization of $717.32 million, a PE ratio of 5.92 and a beta of 1.42. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. The stock’s fifty day moving average is $32.01 and its 200-day moving average is $29.16.

Riley Exploration Permian Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 24th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, October 24th. This represents a $1.52 dividend on an annualized basis and a yield of 4.55%. This is a positive change from Riley Exploration Permian’s previous quarterly dividend of $0.36. Riley Exploration Permian’s dividend payout ratio is currently 26.95%.

Insider Buying and Selling at Riley Exploration Permian

In other Riley Exploration Permian news, CEO Bobby Riley sold 4,636 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $35.19, for a total value of $163,140.84. Following the transaction, the chief executive officer now directly owns 321,739 shares in the company, valued at approximately $11,321,995.41. This trade represents a 1.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

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

Riley Exploration Permian 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.