Riley Exploration Permian, Inc. (NYSE:REPX) Shares Acquired by Royce & Associates LP

Royce & Associates LP increased its stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,742 shares of the company’s stock after acquiring an additional 9,178 shares during the quarter. Royce & Associates LP owned about 1.00% of Riley Exploration Permian worth $6,886,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. New York State Teachers Retirement System purchased a new position in shares of Riley Exploration Permian during the fourth quarter worth about $33,000. Travelers Companies Inc. purchased a new position in Riley Exploration Permian during the 4th quarter worth approximately $80,000. Toth Financial Advisory Corp acquired a new position in Riley Exploration Permian during the fourth quarter worth approximately $115,000. Barings LLC purchased a new stake in Riley Exploration Permian in the fourth quarter valued at approximately $120,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Riley Exploration Permian by 24.7% in the fourth quarter. SG Americas Securities LLC now owns 5,100 shares of the company’s stock valued at $163,000 after acquiring an additional 1,010 shares during the period. 58.91% of the stock is owned by hedge funds and other institutional investors.

Riley Exploration Permian Price Performance

Shares of REPX opened at $29.31 on Wednesday. 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, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $37.55. The firm has a 50-day simple moving average of $32.65 and a 200-day simple moving average of $30.96. The company has a market capitalization of $630.31 million, a price-to-earnings ratio of 5.20 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. Shareholders 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 yield of 5.19%. Riley Exploration Permian’s payout ratio is 35.68%.

Insider Buying and Selling at Riley Exploration Permian

In related news, CEO Bobby Riley sold 15,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $33.37, for a total transaction of $500,550.00. Following the completion of the transaction, the chief executive officer now directly owns 296,375 shares of the company’s stock, valued at $9,890,033.75. This represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Corey Neil Riley sold 3,500 shares of Riley Exploration Permian stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $27.34, for a total value of $95,690.00. Following the completion of the sale, the insider now directly owns 125,974 shares in the company, valued at $3,444,129.16. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

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.

Riley Exploration Permian Company 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.