JPMorgan Chase & Co. Has $660,000 Stake in Riley Exploration Permian, Inc. (NYSE:REPX)

JPMorgan Chase & Co. trimmed its position in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 45.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,930 shares of the company’s stock after selling 21,030 shares during the quarter. JPMorgan Chase & Co. owned 0.12% of Riley Exploration Permian worth $660,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Koss Olinger Consulting LLC grew its holdings in Riley Exploration Permian by 2.3% during the third quarter. Koss Olinger Consulting LLC now owns 18,326 shares of the company’s stock worth $485,000 after buying an additional 409 shares in the last quarter. Ariadne Wealth Management LP bought a new position in Riley Exploration Permian in the 2nd quarter valued at $36,000. CWM LLC grew its stake in Riley Exploration Permian by 115.9% in the 3rd quarter. CWM LLC now owns 2,677 shares of the company’s stock valued at $71,000 after purchasing an additional 1,437 shares during the period. Empowered Funds LLC grew its stake in Riley Exploration Permian by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 29,566 shares of the company’s stock valued at $783,000 after purchasing an additional 1,474 shares during the period. Finally, Point72 DIFC Ltd bought a new position in Riley Exploration Permian in the 2nd quarter valued at $51,000. Institutional investors own 58.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial increased their price target on Riley Exploration Permian from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, January 13th.

Riley Exploration Permian Stock Performance

Shares of REPX opened at $33.03 on Tuesday. The stock’s 50-day simple moving average is $33.61 and its 200 day simple moving average is $29.99. The stock has a market capitalization of $709.48 million, a price-to-earnings ratio of 5.86 and a beta of 1.46. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. Riley Exploration Permian, Inc. has a 52-week low of $21.27 and a 52-week high of $37.55.

Riley Exploration Permian Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $1.52 annualized dividend and a dividend yield of 4.60%. Riley Exploration Permian’s payout ratio is currently 26.95%.

Insider Buying and Selling at Riley Exploration Permian

In related news, CEO Bobby Riley sold 1,310 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $35.17, for a total transaction of $46,072.70. Following the transaction, the chief executive officer now directly owns 311,375 shares of the company’s stock, valued at approximately $10,951,058.75. This trade represents a 0.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.90% of the company’s stock.

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.