SG Americas Securities LLC Grows Stock Position in Riley Exploration Permian, Inc. (NYSE:REPX)

SG Americas Securities LLC boosted its stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 24.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,100 shares of the company’s stock after acquiring an additional 1,010 shares during the quarter. SG Americas Securities LLC’s holdings in Riley Exploration Permian were worth $163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Martingale Asset Management L P lifted its position in Riley Exploration Permian by 292.1% in the third 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 during the last quarter. Victory Capital Management Inc. raised 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 buying an additional 14,810 shares during the last quarter. Barclays PLC boosted its position in Riley Exploration Permian by 167.2% during the 3rd quarter. Barclays PLC now owns 17,574 shares of the company’s stock valued at $464,000 after buying an additional 10,997 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Riley Exploration Permian by 48.7% in the 3rd 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. Finally, Geode Capital Management LLC increased its position in shares of Riley Exploration Permian by 20.8% in the third quarter. Geode Capital Management LLC now owns 237,996 shares of the company’s stock valued at $6,306,000 after acquiring an additional 41,020 shares during the period. 58.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Riley Exploration Permian Price Performance

REPX opened at $32.04 on Monday. 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 has a market capitalization of $688.22 million, a PE ratio of 5.68 and a beta of 1.47. The stock’s 50 day moving average price is $33.16 and its 200-day moving average price is $30.21. Riley Exploration Permian, Inc. has a 52-week low of $21.50 and a 52-week high of $37.55.

Riley Exploration Permian Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian’s payout ratio is currently 26.95%.

Analyst Upgrades and Downgrades

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

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.