Charles Schwab Investment Management Inc. Purchases 39,759 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

Charles Schwab Investment Management Inc. increased its stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 48.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,353 shares of the company's stock after buying an additional 39,759 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.56% of Riley Exploration Permian worth $3,215,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Koss Olinger Consulting LLC lifted its position in shares of Riley Exploration Permian by 2.3% during the 3rd quarter. Koss Olinger Consulting LLC now owns 18,326 shares of the company's stock worth $485,000 after buying an additional 409 shares during the period. Quest Partners LLC lifted its position in shares of Riley Exploration Permian by 38.6% during the 2nd quarter. Quest Partners LLC now owns 3,815 shares of the company's stock worth $108,000 after buying an additional 1,062 shares during the period. CWM LLC increased its holdings in Riley Exploration Permian by 1,191.7% during the 2nd quarter. CWM LLC now owns 1,240 shares of the company's stock valued at $35,000 after purchasing an additional 1,144 shares in the last quarter. Ariadne Wealth Management LP acquired a new stake in Riley Exploration Permian during the 2nd quarter valued at $36,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Riley Exploration Permian during the 2nd quarter valued at $39,000. Institutional investors own 58.91% of the company's stock.

Riley Exploration Permian Price Performance

REPX stock traded up $0.46 during midday trading on Friday, reaching $32.98. 58,144 shares of the company's stock traded hands, compared to its average volume of 98,964. The company has a 50-day simple moving average of $31.12 and a two-hundred day simple moving average of $28.79. Riley Exploration Permian, Inc. has a 1-year low of $21.27 and a 1-year high of $37.15. The company has a market cap of $708.41 million, a price-to-earnings ratio of 5.85 and a beta of 1.42. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53.

Riley Exploration Permian Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Thursday, October 24th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.61%. This is a boost from Riley Exploration Permian's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, October 24th. Riley Exploration Permian's dividend payout ratio (DPR) is currently 26.95%.

Analyst Ratings Changes

Separately, Truist Financial raised their price target on Riley Exploration Permian from $40.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, November 14th.

Insider Activity at Riley Exploration Permian

In related news, CEO Bobby Riley sold 8,981 shares of Riley Exploration Permian stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $26.49, for a total transaction of $237,906.69. Following the completion of the sale, the chief executive officer now directly owns 326,375 shares of the company's stock, valued at $8,645,673.75. The trade was a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 21,229 shares of company stock valued at $614,249 in the last three months. Corporate insiders own 3.90% of the company's stock.

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.