Rhumbline Advisers Purchases 380 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

Rhumbline Advisers boosted its position in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 2.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,867 shares of the company’s stock after purchasing an additional 380 shares during the period. Rhumbline Advisers owned about 0.08% of Riley Exploration Permian worth $538,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its position in shares of Riley Exploration Permian by 24.7% during the 4th 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 during the period. New York State Teachers Retirement System acquired a new stake in shares of Riley Exploration Permian during the 4th quarter worth approximately $33,000. Empowered Funds LLC grew its position in shares of Riley Exploration Permian by 4.8% during the 4th quarter. Empowered Funds LLC now owns 30,987 shares of the company’s stock worth $989,000 after buying an additional 1,421 shares during the period. CWA Asset Management Group LLC grew its position in shares of Riley Exploration Permian by 25.2% during the 4th quarter. CWA Asset Management Group LLC now owns 10,545 shares of the company’s stock worth $337,000 after buying an additional 2,125 shares during the period. Finally, Toth Financial Advisory Corp acquired a new stake in shares of Riley Exploration Permian during the 4th quarter worth approximately $115,000. Institutional investors and hedge funds own 58.91% of the company’s stock.

Insider Activity at Riley Exploration Permian

In other 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 value of $500,550.00. Following the completion of the sale, the chief executive officer now directly owns 296,375 shares of the company’s stock, valued at $9,890,033.75. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

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 Stock Down 0.5 %

Shares of Riley Exploration Permian stock opened at $28.28 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. The company has a market capitalization of $607.54 million, a P/E ratio of 5.01 and a beta of 1.58. The business has a 50-day moving average of $33.28 and a two-hundred day moving average of $30.94. Riley Exploration Permian, Inc. has a 1 year low of $23.14 and a 1 year high of $37.55.

Riley Exploration Permian Announces Dividend

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 5.37%. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 26.95%.

Riley Exploration Permian 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.