Riley Exploration Permian, Inc. (NYSE:REPX) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 241,526 shares of the company's stock after purchasing an additional 9,101 shares during the period. Bank of New York Mellon Corp owned about 1.12% of Riley Exploration Permian worth $7,710,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in shares of Riley Exploration Permian by 61.0% in the 3rd quarter. Victory Capital Management Inc. now owns 39,091 shares of the company's stock valued at $1,036,000 after purchasing an additional 14,810 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Riley Exploration Permian by 5.2% during the third quarter. Empowered Funds LLC now owns 29,566 shares of the company's stock worth $783,000 after purchasing an additional 1,474 shares in the last quarter. Quest Partners LLC increased its holdings in Riley Exploration Permian by 135.0% in the third quarter. Quest Partners LLC now owns 8,967 shares of the company's stock valued at $238,000 after buying an additional 5,152 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Riley Exploration Permian in the third quarter valued at $1,592,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Riley Exploration Permian by 48.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 121,353 shares of the company's stock worth $3,215,000 after buying an additional 39,759 shares during the last quarter. 58.91% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, CEO Bobby Riley sold 15,000 shares of the stock in a transaction 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. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Corey Neil Riley sold 3,500 shares of Riley Exploration Permian stock in a transaction 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 completion of the transaction, the insider now owns 125,974 shares in the company, valued at approximately $3,444,129.16. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Riley Exploration Permian Stock Up 3.8 %

NYSE:REPX traded up $1.11 during midday trading on Wednesday, hitting $30.42. 54,369 shares of the company were exchanged, compared to its average volume of 98,638. Riley Exploration Permian, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $37.55. The company has a market capitalization of $654.07 million, a PE ratio of 5.39 and a beta of 1.58. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $32.65 and a 200 day simple moving average of $30.96.

Riley Exploration Permian Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.00%. Riley Exploration Permian's dividend payout ratio (DPR) is presently 35.68%.

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.