Proficio Capital Partners LLC Acquires Shares of 17,684 Riley Exploration Permian, Inc. (NYSE:REPX)

Proficio Capital Partners LLC acquired a new stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 17,684 shares of the company’s stock, valued at approximately $564,000. Proficio Capital Partners LLC owned approximately 0.08% of Riley Exploration Permian as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Denali Advisors LLC boosted its position in Riley Exploration Permian by 32.3% during the 4th quarter. Denali Advisors LLC now owns 87,495 shares of the company’s stock valued at $2,793,000 after acquiring an additional 21,385 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Riley Exploration Permian by 3.9% during the fourth quarter. Bank of New York Mellon Corp now owns 241,526 shares of the company’s stock valued at $7,710,000 after purchasing an additional 9,101 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Riley Exploration Permian by 45.4% during the fourth quarter. New York State Common Retirement Fund now owns 32,644 shares of the company’s stock valued at $1,042,000 after purchasing an additional 10,200 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Riley Exploration Permian by 2.3% during the fourth quarter. Rhumbline Advisers now owns 16,867 shares of the company’s stock valued at $538,000 after purchasing an additional 380 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new position in shares of Riley Exploration Permian during the fourth quarter valued at approximately $33,000. 58.91% of the stock is owned by institutional investors.

Riley Exploration Permian Price Performance

REPX stock opened at $28.28 on Monday. Riley Exploration Permian, Inc. has a 52-week low of $23.14 and a 52-week high of $37.55. The firm has a market capitalization of $607.54 million, a price-to-earnings ratio of 5.01 and a beta of 1.58. The firm has a 50 day moving average price of $33.28 and a 200-day moving average price of $30.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70.

Riley Exploration Permian Dividend Announcement

The company 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 5.37%. Riley Exploration Permian’s payout ratio is currently 26.95%.

Insider Buying and Selling

In related news, CEO Bobby Riley sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $33.37, for a total value of $500,550.00. Following the completion of the transaction, the chief executive officer now directly owns 296,375 shares in the company, valued at $9,890,033.75. The trade was a 4.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.