Bank of New York Mellon Corp Purchases 9,101 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

Bank of New York Mellon Corp lifted its position in Riley Exploration Permian, Inc. (NYSE:REPX) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,526 shares of the company’s stock after acquiring an additional 9,101 shares during the quarter. Bank of New York Mellon Corp owned 1.12% of Riley Exploration Permian worth $7,710,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in REPX. Victory Capital Management Inc. raised its holdings in shares of Riley Exploration Permian by 61.0% in the third quarter. Victory Capital Management Inc. now owns 39,091 shares of the company’s stock valued at $1,036,000 after acquiring an additional 14,810 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Riley Exploration Permian by 5.2% in the third quarter. Empowered Funds LLC now owns 29,566 shares of the company’s stock valued at $783,000 after acquiring an additional 1,474 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Riley Exploration Permian by 135.0% in the third quarter. Quest Partners LLC now owns 8,967 shares of the company’s stock valued at $238,000 after acquiring an additional 5,152 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Riley Exploration Permian in the third quarter worth about $1,592,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Riley Exploration Permian by 48.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 121,353 shares of the company’s stock worth $3,215,000 after purchasing an additional 39,759 shares in the last quarter. 58.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial boosted 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.

Insider Activity

In other news, CEO Bobby Riley sold 15,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $33.37, for a total transaction of $500,550.00. Following the transaction, the chief executive officer now owns 296,375 shares in the company, valued at $9,890,033.75. This represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Corey Neil Riley sold 3,500 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $27.34, for a total transaction of $95,690.00. Following the transaction, the insider now owns 125,974 shares in the company, valued at approximately $3,444,129.16. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

Riley Exploration Permian Stock Performance

Shares of Riley Exploration Permian stock opened at $28.39 on Friday. The company has a market capitalization of $610.53 million, a PE ratio of 5.03 and a beta of 1.58. 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 company has a 50-day simple moving average of $32.81 and a two-hundred day simple moving average of $30.93. Riley Exploration Permian, Inc. has a one year low of $23.14 and a one year high of $37.55.

Riley Exploration Permian Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $1.52 dividend on an annualized basis and a yield of 5.35%. Riley Exploration Permian’s dividend payout ratio is presently 35.68%.

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.