American Century Companies Inc. Purchases 100,891 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

American Century Companies Inc. grew its position in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 35.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 385,341 shares of the company's stock after buying an additional 100,891 shares during the quarter. American Century Companies Inc. owned 1.79% of Riley Exploration Permian worth $12,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Jackson Hole Capital Partners LLC boosted its holdings in shares of Riley Exploration Permian by 1.2% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 394,796 shares of the company's stock worth $12,602,000 after buying an additional 4,788 shares during the last quarter. First Eagle Investment Management LLC raised its position in Riley Exploration Permian by 2.2% in the fourth quarter. First Eagle Investment Management LLC now owns 287,048 shares of the company's stock worth $9,163,000 after acquiring an additional 6,100 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Riley Exploration Permian by 3.9% during the 4th quarter. Bank of New York Mellon Corp now owns 241,526 shares of the company's stock worth $7,710,000 after acquiring an additional 9,101 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Riley Exploration Permian by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 237,996 shares of the company's stock valued at $6,306,000 after acquiring an additional 41,020 shares during the period. Finally, Royce & Associates LP grew its position in shares of Riley Exploration Permian by 4.4% during the 4th quarter. Royce & Associates LP now owns 215,742 shares of the company's stock valued at $6,886,000 after acquiring an additional 9,178 shares during the period. 58.91% of the stock is owned by institutional investors.

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Insider Buying and Selling at Riley Exploration Permian

In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $33.37, for a total transaction of $500,550.00. Following the transaction, the chief executive officer now owns 296,375 shares in the company, valued at $9,890,033.75. The trade was a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $95,690.00. Following the transaction, the insider now owns 125,974 shares in the company, valued at $3,444,129.16. The trade was a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,477 shares of company stock valued at $770,589 in the last 90 days. Insiders own 3.90% of the company's stock.

Riley Exploration Permian Price Performance

NYSE:REPX traded down $3.46 on Friday, reaching $24.47. 186,747 shares of the company's stock traded hands, compared to its average volume of 99,774. 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 12 month low of $23.14 and a 12 month high of $37.55. The stock has a 50-day simple moving average of $31.28 and a 200-day simple moving average of $31.19. The firm has a market cap of $526.23 million, a PE ratio of 4.34 and a beta of 1.58.

Riley Exploration Permian Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were given a dividend of $0.38 per share. The ex-dividend date was Thursday, January 23rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.21%. Riley Exploration Permian's dividend payout ratio is 35.68%.

Analysts Set New Price Targets

Separately, Truist Financial lifted 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.

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.