27,376 Shares in Riley Exploration Permian, Inc. (NYSE:REPX) Acquired by Inspire Investing LLC

Inspire Investing 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,376 shares of the company's stock, valued at approximately $874,000. Inspire Investing LLC owned about 0.13% of Riley Exploration Permian as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of REPX. Martingale Asset Management L P increased its position in Riley Exploration Permian by 292.1% in the third quarter. Martingale Asset Management L P now owns 28,621 shares of the company's stock worth $758,000 after purchasing an additional 21,321 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Riley Exploration Permian by 61.0% during the 3rd quarter. Victory Capital Management Inc. now owns 39,091 shares of the company's stock valued at $1,036,000 after buying an additional 14,810 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Riley Exploration Permian by 95.5% in the 2nd quarter. Renaissance Technologies LLC now owns 139,000 shares of the company's stock valued at $3,935,000 after acquiring an additional 67,900 shares during the last quarter. Barclays PLC grew its position in Riley Exploration Permian by 167.2% in the third quarter. Barclays PLC now owns 17,574 shares of the company's stock worth $464,000 after acquiring an additional 10,997 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Riley Exploration Permian by 48.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 121,353 shares of the company's stock worth $3,215,000 after acquiring an additional 39,759 shares during the last quarter. 58.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Bobby Riley sold 1,310 shares of the business's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $35.17, for a total value of $46,072.70. Following the completion of the transaction, the chief executive officer now owns 311,375 shares of the company's stock, 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 filing with the SEC, which is available at the SEC website. Insiders own 3.90% of the company's stock.

Riley Exploration Permian Trading Down 3.0 %

Riley Exploration Permian stock traded down $1.07 during mid-day trading on Friday, hitting $34.52. The company's stock had a trading volume of 95,879 shares, compared to its average volume of 97,385. Riley Exploration Permian, Inc. has a one year low of $21.27 and a one year high of $37.55. The stock has a market cap of $741.49 million, a PE ratio of 6.12 and a beta of 1.46. The company has a 50 day moving average of $33.59 and a 200-day moving average of $29.87. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd will be given a $0.38 dividend. The ex-dividend date is Thursday, January 23rd. This represents a $1.52 annualized dividend and a yield of 4.40%. Riley Exploration Permian's dividend payout ratio (DPR) is 26.95%.

Wall Street Analyst Weigh In

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

Riley Exploration Permian Company 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.