Riley Exploration Permian, Inc. (NYSE:REPX) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 20.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,996 shares of the company's stock after purchasing an additional 41,020 shares during the quarter. Geode Capital Management LLC owned about 1.11% of Riley Exploration Permian worth $6,306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ariadne Wealth Management LP purchased a new position in Riley Exploration Permian in the second quarter valued at about $36,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Riley Exploration Permian in the 2nd quarter worth about $39,000. Copeland Capital Management LLC acquired a new position in shares of Riley Exploration Permian in the 3rd quarter valued at about $48,000. Point72 DIFC Ltd bought a new stake in shares of Riley Exploration Permian during the 2nd quarter valued at about $51,000. Finally, CWM LLC raised its stake in Riley Exploration Permian by 115.9% during the third quarter. CWM LLC now owns 2,677 shares of the company's stock worth $71,000 after acquiring an additional 1,437 shares during the period. Institutional investors and hedge funds own 58.91% of the company's stock.

Analyst Ratings Changes

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

Riley Exploration Permian Stock Performance

Shares of REPX traded down $0.13 during midday trading on Friday, hitting $33.26. 76,534 shares of the stock traded hands, compared to its average volume of 94,917. The business's 50 day moving average price is $32.14 and its two-hundred day moving average price is $29.20. The firm has a market capitalization of $714.52 million, a PE ratio of 5.90 and a beta of 1.42. 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, Inc. has a 1-year low of $21.27 and a 1-year high of $37.15.

Riley Exploration Permian Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 24th were given a $0.38 dividend. 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. This represents a $1.52 annualized dividend and a yield of 4.57%. Riley Exploration Permian's dividend payout ratio is 26.95%.

Insider Buying and Selling at Riley Exploration Permian

In related news, CEO Bobby Riley sold 1,310 shares of Riley Exploration Permian stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $35.17, for a total transaction of $46,072.70. Following the sale, the chief executive officer now directly owns 311,375 shares in the company, valued at $10,951,058.75. The trade was a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.90% of the stock is owned by company insiders.

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.