Renaissance Technologies LLC Boosts Holdings in Riley Exploration Permian, Inc. (NYSE:REPX)

Renaissance Technologies LLC grew its position in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,615 shares of the company's stock after purchasing an additional 11,915 shares during the period. Renaissance Technologies LLC owned about 0.41% of Riley Exploration Permian worth $2,829,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in REPX. State Street Corp lifted its position in Riley Exploration Permian by 2.5% in the 3rd quarter. State Street Corp now owns 200,881 shares of the company's stock worth $5,321,000 after buying an additional 4,927 shares during the last quarter. Barclays PLC raised its stake in shares of Riley Exploration Permian by 167.2% during 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. Geode Capital Management LLC lifted its holdings in shares of Riley Exploration Permian by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 237,996 shares of the company's stock worth $6,306,000 after acquiring an additional 41,020 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Riley Exploration Permian by 25.2% in the 4th quarter. CWA Asset Management Group LLC now owns 10,545 shares of the company's stock valued at $337,000 after purchasing an additional 2,125 shares in the last quarter. Finally, Hamilton Lane Advisors LLC bought a new position in shares of Riley Exploration Permian during the 4th quarter valued at $254,000. Institutional investors own 58.91% of the company's stock.

Riley Exploration Permian Trading Up 0.4 %

REPX stock traded up $0.09 during midday trading on Monday, hitting $25.63. The company had a trading volume of 58,550 shares, compared to its average volume of 113,403. The stock has a market cap of $551.58 million, a price-to-earnings ratio of 4.54 and a beta of 1.47. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. The stock's 50 day moving average price is $28.12 and its 200 day moving average price is $30.89. Riley Exploration Permian, Inc. has a 52 week low of $21.98 and a 52 week high of $37.55.

Riley Exploration Permian Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Thursday, April 24th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, April 24th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.93%. Riley Exploration Permian's dividend payout ratio is currently 35.68%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other 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 sale, the insider now directly owns 125,974 shares of the company's stock, valued at $3,444,129.16. This represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bobby Riley sold 2,681 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total transaction of $78,204.77. Following the completion of the sale, the chief executive officer now owns 439,636 shares in the company, valued at approximately $12,824,182.12. This trade represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,477 shares of company stock valued at $770,589 over the last ninety days. 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.