Riley Exploration Permian, Inc. (NYSE:REPX) Shares Acquired by Royce & Associates LP

Royce & Associates LP lifted its stake in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 215,742 shares of the company's stock after purchasing an additional 9,178 shares during the period. Royce & Associates LP owned about 1.00% of Riley Exploration Permian worth $6,886,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new stake in shares of Riley Exploration Permian in the 4th quarter worth $33,000. Travelers Companies Inc. purchased a new stake in Riley Exploration Permian in the fourth quarter worth about $80,000. Toth Financial Advisory Corp bought a new position in Riley Exploration Permian during the 4th quarter worth about $115,000. Barings LLC purchased a new position in Riley Exploration Permian during the 4th quarter valued at about $120,000. Finally, SG Americas Securities LLC raised its holdings in shares of 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 purchasing an additional 1,010 shares in the last quarter. Institutional investors own 58.91% of the company's stock.

Analysts Set New Price Targets

Separately, Truist Financial increased their price objective on shares of Riley Exploration Permian from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Monday, January 13th.

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Insider Activity

In other news, insider Corey Neil Riley sold 3,500 shares of the firm's stock in a transaction on Monday, March 10th. The stock was 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 $3,444,129.16. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bobby Riley sold 15,000 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $33.37, for a total value of $500,550.00. Following the transaction, the chief executive officer now owns 296,375 shares in the company, valued at approximately $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. Company insiders own 3.90% of the company's stock.

Riley Exploration Permian Stock Down 1.4 %

Shares of NYSE REPX traded down $0.41 during mid-day trading on Friday, reaching $29.79. 121,472 shares of the company were exchanged, compared to its average volume of 124,436. Riley Exploration Permian, Inc. has a 1 year low of $23.14 and a 1 year high of $37.55. The firm has a 50-day moving average of $32.48 and a 200 day moving average of $30.95. The stock has a market cap of $640.63 million, a price-to-earnings ratio of 5.28 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Shareholders 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 5.10%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian's payout ratio is 35.68%.

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.