Denali Advisors LLC Increases Stock Position in Riley Exploration Permian, Inc. (NYSE:REPX)

Denali Advisors LLC raised its holdings in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 32.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,495 shares of the company's stock after purchasing an additional 21,385 shares during the quarter. Denali Advisors LLC owned about 0.41% of Riley Exploration Permian worth $2,793,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its stake 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 period. New York State Common Retirement Fund increased its stake in Riley Exploration Permian by 45.4% in the fourth quarter. New York State Common Retirement Fund now owns 32,644 shares of the company's stock valued at $1,042,000 after purchasing an additional 10,200 shares during the period. Rhumbline Advisers increased its stake in shares of Riley Exploration Permian by 2.3% during the fourth quarter. Rhumbline Advisers now owns 16,867 shares of the company's stock worth $538,000 after acquiring an additional 380 shares during the period. New York State Teachers Retirement System acquired a new position in shares of Riley Exploration Permian during the fourth quarter worth about $33,000. Finally, Empowered Funds LLC increased its stake in shares of Riley Exploration Permian by 4.8% during the fourth quarter. Empowered Funds LLC now owns 30,987 shares of the company's stock worth $989,000 after acquiring an additional 1,421 shares during the period. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Riley Exploration Permian Stock Performance

Shares of Riley Exploration Permian stock traded up $0.13 on Friday, reaching $31.56. 125,092 shares of the stock were exchanged, compared to its average volume of 94,036. Riley Exploration Permian, Inc. has a 1-year low of $23.14 and a 1-year high of $37.55. 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 business has a fifty day moving average price of $33.53 and a two-hundred day moving average price of $30.88. The firm has a market capitalization of $678.00 million, a PE ratio of 5.60 and a beta of 1.47.

Riley Exploration Permian Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, January 23rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.82%. Riley Exploration Permian's dividend payout ratio (DPR) is 26.95%.

Insider Transactions 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 shares were sold at an average price of $33.37, for a total transaction of $500,550.00. Following the transaction, the chief executive officer now directly owns 296,375 shares in the company, valued at approximately $9,890,033.75. This represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.90% of the company's stock.

Analysts Set New Price Targets

Separately, Truist Financial boosted 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 note 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.