Prudential Financial Inc. Has $2.02 Million Stock Position in Riley Exploration Permian, Inc. (NYSE:REPX)

Prudential Financial Inc. grew its stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 304.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,361 shares of the company's stock after buying an additional 47,702 shares during the period. Prudential Financial Inc. owned approximately 0.29% of Riley Exploration Permian worth $2,022,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers boosted its stake in Riley Exploration Permian by 2.3% during the 4th quarter. Rhumbline Advisers now owns 16,867 shares of the company's stock worth $538,000 after acquiring an additional 380 shares during the last quarter. Hillsdale Investment Management Inc. raised its holdings in Riley Exploration Permian by 2.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 20,088 shares of the company's stock worth $641,000 after purchasing an additional 500 shares during the period. SG Americas Securities LLC boosted its position in shares of Riley Exploration Permian by 24.7% during the fourth quarter. SG Americas Securities LLC now owns 5,100 shares of the company's stock worth $163,000 after purchasing an additional 1,010 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of Riley Exploration Permian in the 4th quarter valued at $33,000. Finally, Empowered Funds LLC increased its position in shares of Riley Exploration Permian by 4.8% in the 4th quarter. Empowered Funds LLC now owns 30,987 shares of the company's stock valued at $989,000 after buying an additional 1,421 shares in the last quarter. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Riley Exploration Permian Stock Up 14.5 %

NYSE REPX traded up $3.30 during trading hours on Wednesday, reaching $26.08. 150,558 shares of the company's stock were exchanged, compared to its average volume of 118,605. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. The company has a market capitalization of $560.85 million, a price-to-earnings ratio of 4.62 and a beta of 1.47. The company's 50-day moving average is $30.18 and its two-hundred day moving average is $31.07. Riley Exploration Permian, Inc. has a one year low of $21.98 and a one year high of $37.55.

Riley Exploration Permian Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 5.83%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian's dividend payout ratio is 35.68%.

Insider Buying and Selling

In other news, CEO Bobby Riley sold 2,681 shares of Riley Exploration Permian stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total value of $78,204.77. Following the sale, the chief executive officer now directly owns 439,636 shares in the company, valued at $12,824,182.12. This trade represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Corey Neil Riley sold 1,537 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total transaction of $44,834.29. Following the completion of the sale, the insider now directly owns 183,700 shares in the company, valued at approximately $5,358,529. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,477 shares of company stock worth $770,589 over the last ninety days. Company insiders own 3.90% of the company's stock.

Analyst Upgrades and Downgrades

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 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.