Royce & Associates LP Increases Position in Riley Exploration Permian, Inc. (NYSE:REPX)

Royce & Associates LP increased its stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 4.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 215,742 shares of the company’s stock after acquiring an additional 9,178 shares during the period. Royce & Associates LP’s holdings in Riley Exploration Permian were worth $6,886,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jackson Hole Capital Partners LLC boosted its stake in shares of Riley Exploration Permian by 1.2% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 394,796 shares of the company’s stock worth $12,602,000 after acquiring an additional 4,788 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Riley Exploration Permian by 2.2% during the fourth quarter. First Eagle Investment Management LLC now owns 287,048 shares of the company’s stock worth $9,163,000 after purchasing an additional 6,100 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Riley Exploration Permian by 3.9% in 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. Geode Capital Management LLC increased its position in shares of Riley Exploration Permian by 20.8% in the third quarter. Geode Capital Management LLC now owns 237,996 shares of the company’s stock valued at $6,306,000 after buying an additional 41,020 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Riley Exploration Permian by 2.5% during the 3rd quarter. State Street Corp now owns 200,881 shares of the company’s stock worth $5,321,000 after buying an additional 4,927 shares during the last quarter. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Riley Exploration Permian Trading Up 0.9 %

Shares of REPX opened at $29.31 on Wednesday. Riley Exploration Permian, Inc. has a 1-year low of $23.14 and a 1-year high of $37.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. The firm has a 50 day simple moving average of $32.65 and a 200-day simple moving average of $30.96. The stock has a market cap 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 declared a quarterly dividend, which was paid on Thursday, February 6th. Stockholders 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 dividend yield of 5.19%. Riley Exploration Permian’s dividend payout ratio (DPR) is 35.68%.

Insider Activity

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

Analyst Ratings Changes

Separately, Truist Financial increased their price objective 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.