1,041 Shares in Riley Exploration Permian, Inc. (NYSE:REPX) Bought by New York State Teachers Retirement System

New York State Teachers Retirement System acquired a new stake in Riley Exploration Permian, Inc. (NYSE:REPX) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,041 shares of the company’s stock, valued at approximately $33,000.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Riley Exploration Permian in the third quarter valued at about $108,000. CWM LLC raised its position 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 buying an additional 1,437 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in Riley Exploration Permian in the 3rd quarter valued at approximately $223,000. Victory Capital Management Inc. boosted its position 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 acquiring an additional 14,810 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Riley Exploration Permian by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 29,566 shares of the company’s stock worth $783,000 after acquiring an additional 1,474 shares in the last quarter. Institutional investors own 58.91% of the company’s stock.

Insiders Place Their Bets

In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $33.37, for a total value of $500,550.00. Following the completion of the sale, the chief executive officer now owns 296,375 shares in the company, valued at $9,890,033.75. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

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.

Riley Exploration Permian Trading Down 1.8 %

Riley Exploration Permian stock opened at $33.05 on Tuesday. The company has a market cap of $709.91 million, a price-to-earnings ratio of 5.86 and a beta of 1.47. The firm has a 50-day moving average of $33.44 and a 200-day moving average of $30.79. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. Riley Exploration Permian, Inc. has a one year low of $22.60 and a one year high of $37.55.

Riley Exploration Permian Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $1.52 annualized dividend and a yield of 4.60%. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 26.95%.

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.