Barings LLC Takes $120,000 Position in Riley Exploration Permian, Inc. (NYSE:REPX)

Barings LLC acquired a new stake in Riley Exploration Permian, Inc. (NYSE:REPX) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,752 shares of the company’s stock, valued at approximately $120,000.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in 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 period. Geode Capital Management LLC boosted its position in shares of Riley Exploration Permian by 20.8% during the third quarter. Geode Capital Management LLC now owns 237,996 shares of the company’s stock worth $6,306,000 after buying an additional 41,020 shares during the period. State Street Corp boosted its holdings in Riley Exploration Permian by 2.5% during the third quarter. State Street Corp now owns 200,881 shares of the company’s stock worth $5,321,000 after purchasing an additional 4,927 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Riley Exploration Permian by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 124,576 shares of the company’s stock worth $3,976,000 after buying an additional 3,223 shares during the last quarter. Finally, Denali Advisors LLC boosted its position in Riley Exploration Permian by 32.3% during 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 during the last quarter. Institutional investors own 58.91% of the company’s stock.

Riley Exploration Permian Price Performance

Shares of Riley Exploration Permian stock opened at $28.28 on Monday. The stock has a market capitalization of $607.54 million, a price-to-earnings ratio of 5.01 and a beta of 1.58. 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 company has a 50-day simple moving average of $33.28 and a two-hundred day simple moving average of $30.97. Riley Exploration Permian, Inc. has a twelve month low of $23.14 and a twelve month 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 paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 26.95%.

Insider Buying and Selling at Riley Exploration Permian

In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of the company’s stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial raised their target price 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.

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.