3,451 Shares in Riley Exploration Permian, Inc. (NYSE:REPX) Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in Riley Exploration Permian, Inc. (NYSE:REPX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,451 shares of the company’s stock, valued at approximately $110,000.

A number of other institutional investors also recently bought and sold shares of REPX. Summit Global Investments raised its position in shares of Riley Exploration Permian by 62.2% during the 4th quarter. Summit Global Investments now owns 14,432 shares of the company’s stock worth $461,000 after acquiring an additional 5,533 shares in the last quarter. Koss Olinger Consulting LLC raised its holdings in Riley Exploration Permian by 11.6% during the fourth quarter. Koss Olinger Consulting LLC now owns 20,459 shares of the company’s stock worth $653,000 after purchasing an additional 2,133 shares in the last quarter. Kennondale Capital Management LLC purchased a new stake in shares of Riley Exploration Permian during the 4th quarter worth approximately $1,104,000. Royce & Associates LP boosted its holdings in shares of Riley Exploration Permian by 4.4% in the 4th quarter. Royce & Associates LP now owns 215,742 shares of the company’s stock valued at $6,886,000 after buying an additional 9,178 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of Riley Exploration Permian by 2.2% in the 4th quarter. First Eagle Investment Management LLC now owns 287,048 shares of the company’s stock valued at $9,163,000 after buying an additional 6,100 shares during the last quarter. 58.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Riley Exploration Permian Stock Up 0.6 %

Shares of NYSE REPX opened at $29.17 on Tuesday. The stock has a market cap of $627.30 million, a PE ratio of 5.17 and a beta of 1.58. Riley Exploration Permian, Inc. has a 52-week low of $23.14 and a 52-week high of $37.55. The business has a 50-day moving average price of $31.69 and a 200 day moving average price of $31.20. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53.

Riley Exploration Permian Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.21%. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 35.68%.

Insider Activity

In other news, CEO Bobby Riley sold 15,000 shares of the business’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 value of $500,550.00. Following the transaction, the chief executive officer now owns 296,375 shares of the company’s stock, valued at approximately $9,890,033.75. The trade was a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Corey Neil Riley sold 3,500 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $27.34, for a total value of $95,690.00. Following the sale, the insider now directly owns 125,974 shares of the company’s stock, valued at approximately $3,444,129.16. This represents a 2.70 % 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.

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.