Geode Capital Management LLC Increases Holdings in Riley Exploration Permian, Inc. (NYSE:REPX)

Geode Capital Management LLC lifted its position in Riley Exploration Permian, Inc. (NYSE:REPX) by 20.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 237,996 shares of the company’s stock after buying an additional 41,020 shares during the period. Geode Capital Management LLC owned approximately 1.11% of Riley Exploration Permian worth $6,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Ariadne Wealth Management LP purchased a new position in Riley Exploration Permian in the second quarter worth about $36,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Riley Exploration Permian in the second quarter worth approximately $39,000. Copeland Capital Management LLC bought a new stake in Riley Exploration Permian during the third quarter valued at approximately $48,000. Point72 DIFC Ltd purchased a new stake in Riley Exploration Permian during the second quarter valued at approximately $51,000. Finally, CWM LLC boosted its stake in shares of Riley Exploration Permian by 115.9% during the 3rd quarter. CWM LLC now owns 2,677 shares of the company’s stock worth $71,000 after acquiring an additional 1,437 shares during the last quarter. Institutional investors own 58.91% of the company’s stock.

Insider Transactions at Riley Exploration Permian

In other Riley Exploration Permian news, CEO Bobby Riley sold 1,310 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $35.17, for a total value of $46,072.70. Following the completion of the sale, the chief executive officer now owns 311,375 shares of the company’s stock, valued at $10,951,058.75. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.90% of the company’s stock.

Riley Exploration Permian Stock Down 0.4 %

REPX opened at $33.26 on Friday. The company has a market capitalization of $714.52 million, a PE ratio of 5.90 and a beta of 1.42. The firm has a 50-day simple moving average of $32.14 and a two-hundred day simple moving average of $29.20. 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, Inc. has a 52 week low of $21.27 and a 52 week high of $37.15.

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 $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.57%. This is a positive change 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 (DPR) is presently 26.95%.

Wall Street Analyst Weigh In

Separately, Truist Financial lifted their price objective on Riley Exploration Permian from $40.00 to $45.00 and gave the company a “buy” rating in a research 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.