New York State Common Retirement Fund Has $1.04 Million Stock Position in Riley Exploration Permian, Inc. (NYSE:REPX)

New York State Common Retirement Fund boosted its holdings in Riley Exploration Permian, Inc. (NYSE:REPX) by 45.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,644 shares of the company’s stock after buying an additional 10,200 shares during the period. New York State Common Retirement Fund owned approximately 0.15% of Riley Exploration Permian worth $1,042,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Martingale Asset Management L P increased its position in Riley Exploration Permian by 292.1% during the third quarter. Martingale Asset Management L P now owns 28,621 shares of the company’s stock worth $758,000 after acquiring an additional 21,321 shares during the period. Victory Capital Management Inc. grew its position in Riley Exploration Permian by 61.0% in the 3rd quarter. Victory Capital Management Inc. now owns 39,091 shares of the company’s stock worth $1,036,000 after purchasing an additional 14,810 shares during the last quarter. Barclays PLC raised its position in shares of Riley Exploration Permian by 167.2% during the third 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 last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 valued at $3,215,000 after buying an additional 39,759 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake 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 buying an additional 41,020 shares during the period. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CEO Bobby Riley sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $33.37, for a total transaction of $500,550.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.90% of the company’s stock.

Riley Exploration Permian Stock Performance

Shares of NYSE REPX opened at $28.78 on Tuesday. The firm has a market capitalization of $618.28 million, a price-to-earnings ratio of 5.10 and a beta of 1.47. Riley Exploration Permian, Inc. has a one year low of $23.14 and a one year high of $37.55. The business has a fifty day simple moving average of $33.50 and a 200 day simple moving average of $30.94. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53.

Riley Exploration Permian Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend was Thursday, January 23rd. Riley Exploration Permian’s dividend payout ratio is 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.