Toth Financial Advisory Corp Invests $115,000 in Riley Exploration Permian, Inc. (NYSE:REPX)

Toth Financial Advisory Corp purchased a new stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 3,590 shares of the company’s stock, valued at approximately $115,000.

A number of other hedge funds have also recently modified their holdings of REPX. Ariadne Wealth Management LP acquired a new stake in Riley Exploration Permian during the second quarter worth $36,000. Copeland Capital Management LLC acquired a new stake in shares of Riley Exploration Permian during the 3rd quarter worth about $48,000. Point72 DIFC Ltd purchased a new stake in Riley Exploration Permian in the 2nd quarter valued at about $51,000. CWM LLC lifted its position in Riley Exploration Permian by 115.9% in the third quarter. CWM LLC now owns 2,677 shares of the company’s stock valued at $71,000 after buying an additional 1,437 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Riley Exploration Permian in the third quarter valued at about $108,000. Hedge funds and other institutional investors own 58.91% of the company’s stock.

Insider Buying and Selling at Riley Exploration Permian

In other Riley Exploration Permian news, CEO Bobby Riley sold 4,636 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $35.19, for a total transaction of $163,140.84. Following the sale, the chief executive officer now directly owns 321,739 shares in the company, valued at $11,321,995.41. This represents a 1.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.90% of the stock is currently owned by corporate insiders.

Riley Exploration Permian Trading Down 3.0 %

REPX opened at $34.52 on Friday. Riley Exploration Permian, Inc. has a 52 week low of $21.27 and a 52 week high of $37.55. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $33.61 and a 200-day simple moving average of $29.98. The firm has a market cap of $741.49 million, a P/E ratio of 6.81 and a beta of 1.46.

Riley Exploration Permian Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 23rd will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Thursday, January 23rd. Riley Exploration Permian’s dividend payout ratio (DPR) is 26.95%.

Wall Street Analyst Weigh In

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 note 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.