Charles Schwab Investment Management Inc. Has $3.98 Million Stock Position in Riley Exploration Permian, Inc. (NYSE:REPX)

Charles Schwab Investment Management Inc. grew its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,576 shares of the company’s stock after acquiring an additional 3,223 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.58% of Riley Exploration Permian worth $3,976,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in REPX. New York State Teachers Retirement System acquired a new position in Riley Exploration Permian during the 4th quarter worth approximately $33,000. Toth Financial Advisory Corp bought a new stake in shares of Riley Exploration Permian during the fourth quarter worth $115,000. SG Americas Securities LLC increased its holdings in shares of Riley Exploration Permian by 24.7% during the fourth quarter. SG Americas Securities LLC now owns 5,100 shares of the company’s stock worth $163,000 after buying an additional 1,010 shares in the last quarter. Quest Partners LLC lifted its stake in shares of Riley Exploration Permian by 135.0% in the 3rd 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 during the last quarter. Finally, ClearAlpha Technologies LP bought a new stake in Riley Exploration Permian during the 3rd quarter worth $250,000. Institutional investors own 58.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial lifted 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 Buying and Selling at Riley Exploration Permian

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

Riley Exploration Permian Trading Down 0.1 %

REPX opened at $30.00 on Thursday. 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 fifty-two week low of $23.14 and a fifty-two week high of $37.55. The company’s 50 day moving average price is $32.16 and its two-hundred day moving average price is $31.07. The firm has a market capitalization of $645.15 million, a price-to-earnings ratio of 5.32 and a beta of 1.58.

Riley Exploration Permian Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were issued a $0.38 dividend. The ex-dividend date was Thursday, January 23rd. This represents a $1.52 dividend on an annualized basis and a yield of 5.07%. Riley Exploration Permian’s payout ratio is 35.68%.

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.