17,684 Shares in Riley Exploration Permian, Inc. (NYSE:REPX) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 17,684 shares of the company's stock, valued at approximately $564,000. Proficio Capital Partners LLC owned approximately 0.08% of Riley Exploration Permian at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of Riley Exploration Permian by 3.9% in the 4th quarter. Bank of New York Mellon Corp now owns 241,526 shares of the company's stock valued at $7,710,000 after acquiring an additional 9,101 shares in the last quarter. Geode Capital Management LLC grew its stake in 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 purchasing an additional 41,020 shares in the last quarter. State Street Corp increased its position 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 purchasing an additional 4,927 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 purchasing an additional 3,223 shares in the last quarter. Finally, Denali Advisors LLC boosted its holdings in shares of Riley Exploration Permian by 32.3% in the 4th quarter. Denali Advisors LLC now owns 87,495 shares of the company's stock valued at $2,793,000 after buying an additional 21,385 shares during the last quarter. Institutional investors and hedge funds own 58.91% of the company's stock.

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Insider Transactions at Riley Exploration Permian

In other Riley Exploration Permian news, insider Corey Neil Riley sold 3,500 shares of Riley Exploration Permian stock in a transaction dated 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 owns 125,974 shares in the company, valued at $3,444,129.16. The trade was a 2.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bobby Riley sold 15,000 shares of the 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 transaction, the chief executive officer now owns 296,375 shares in the company, valued at approximately $9,890,033.75. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.

Riley Exploration Permian Stock Performance

Shares of REPX stock traded down $0.34 during midday trading on Thursday, hitting $29.66. 100,214 shares of the company were exchanged, compared to its average volume of 124,567. Riley Exploration Permian, Inc. has a 52 week low of $23.14 and a 52 week high of $37.55. The firm has a market capitalization of $637.84 million, a P/E ratio of 5.26 and a beta of 1.58. The firm's 50 day moving average price is $32.16 and its two-hundred day moving average price is $31.07. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 5.12%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian's payout ratio is 35.68%.

Analyst Upgrades and Downgrades

Separately, Truist Financial upped their price target on shares of Riley Exploration Permian from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Monday, January 13th.

Riley Exploration Permian 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.