Barings LLC Takes Position in Riley Exploration Permian, Inc. (NYSE:REPX)

Barings LLC bought a new position in shares of Riley Exploration Permian, Inc. (NYSE:REPX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,752 shares of the company’s stock, valued at approximately $120,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Segall Bryant & Hamill LLC bought a new position in Riley Exploration Permian in the 3rd quarter worth about $1,592,000. Geode Capital Management LLC lifted its position in shares of Riley Exploration Permian by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 237,996 shares of the company’s stock valued at $6,306,000 after acquiring an additional 41,020 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Riley Exploration Permian by 48.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 121,353 shares of the company’s stock valued at $3,215,000 after buying an additional 39,759 shares in the last quarter. Inspire Investing LLC acquired a new position in Riley Exploration Permian in the 4th quarter worth approximately $874,000. Finally, Denali Advisors LLC lifted its holdings in shares of Riley Exploration Permian by 32.3% in the fourth quarter. Denali Advisors LLC now owns 87,495 shares of the company’s stock valued at $2,793,000 after purchasing an additional 21,385 shares in the last quarter. 58.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial raised their price target 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.

Insiders Place Their Bets

In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of the company’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 transaction, the chief executive officer now owns 296,375 shares of the company’s stock, valued at $9,890,033.75. This represents a 4.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.90% of the company’s stock.

Riley Exploration Permian Trading Down 0.5 %

Shares of NYSE:REPX opened at $28.28 on Monday. Riley Exploration Permian, Inc. has a 1 year low of $23.14 and a 1 year high of $37.55. The firm has a fifty day moving average price of $33.28 and a 200 day moving average price of $30.97. The stock has a market capitalization of $607.54 million, a PE ratio of 5.01 and a beta of 1.58. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53.

Riley Exploration Permian Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 5.37%. Riley Exploration Permian’s dividend payout ratio (DPR) is currently 26.95%.

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.