Proficio Capital Partners LLC Takes $564,000 Position in Riley Exploration Permian, Inc. (NYSE:REPX)

Proficio Capital Partners LLC bought a new stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,684 shares of the company's stock, valued at approximately $564,000. Proficio Capital Partners LLC owned 0.08% of Riley Exploration Permian as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. New York State Teachers Retirement System acquired a new position in Riley Exploration Permian during the fourth quarter worth $33,000. Toth Financial Advisory Corp acquired a new position in shares of Riley Exploration Permian during the 4th quarter worth about $115,000. SG Americas Securities LLC lifted its stake in Riley Exploration Permian by 24.7% in the 4th quarter. SG Americas Securities LLC now owns 5,100 shares of the company's stock valued at $163,000 after buying an additional 1,010 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in Riley Exploration Permian in the 3rd quarter worth about $223,000. Finally, Quest Partners LLC increased its stake in Riley Exploration Permian by 135.0% during the 3rd quarter. Quest Partners LLC now owns 8,967 shares of the company's stock worth $238,000 after buying an additional 5,152 shares in the last quarter. Hedge funds and other institutional investors own 58.91% of the company's stock.

Analyst Upgrades and Downgrades

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

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Riley Exploration Permian Price Performance

Shares of Riley Exploration Permian stock traded down $0.37 during trading hours on Thursday, reaching $27.84. 69,033 shares of the company's stock were exchanged, compared to its average volume of 124,364. The business has a fifty day moving average of $33.02 and a two-hundred day moving average of $30.94. The company has a market capitalization of $598.72 million, a P/E ratio of 4.94 and a beta of 1.58. 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, Inc. has a 1 year low of $23.14 and a 1 year high of $37.55.

Riley Exploration Permian Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Investors 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 annualized dividend and a yield of 5.46%. Riley Exploration Permian's dividend payout ratio is presently 35.68%.

Insider Buying and Selling at Riley Exploration Permian

In related news, insider Corey Neil Riley sold 3,500 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $27.34, for a total value of $95,690.00. Following the completion of the sale, the insider now owns 125,974 shares of the company's stock, valued at approximately $3,444,129.16. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Bobby Riley sold 15,000 shares of Riley Exploration Permian stock in a transaction dated Monday, February 10th. The stock was 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 $9,890,033.75. This trade represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.

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.