Riley Exploration Permian, Inc. (NYSE:REPX) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 29.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 912,038 shares of the company's stock after purchasing an additional 207,319 shares during the period. Vanguard Group Inc. owned approximately 4.25% of Riley Exploration Permian worth $29,112,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new stake in shares of Riley Exploration Permian in the fourth quarter valued at about $33,000. KLP Kapitalforvaltning AS acquired a new stake in Riley Exploration Permian in the fourth quarter valued at approximately $77,000. Travelers Companies Inc. purchased a new stake in shares of Riley Exploration Permian during the fourth quarter valued at approximately $80,000. Quantbot Technologies LP acquired a new position in shares of Riley Exploration Permian during the fourth quarter worth $110,000. Finally, Toth Financial Advisory Corp acquired a new stake in Riley Exploration Permian during the 4th quarter valued at $115,000. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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 research report on Monday, January 13th.

Insider Buying and Selling at Riley Exploration Permian

In related news, CFO Philip A. Riley sold 1,759 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total value of $51,310.03. Following the sale, the chief financial officer now owns 188,172 shares of the company's stock, valued at approximately $5,488,977.24. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Bobby Riley sold 2,681 shares of Riley Exploration Permian stock in a transaction 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. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,477 shares of company stock worth $770,589 over the last 90 days. Insiders own 3.90% of the company's stock.

Riley Exploration Permian Stock Up 4.7 %

Shares of Riley Exploration Permian stock traded up $1.16 on Friday, hitting $25.84. 103,279 shares of the company's stock traded hands, compared to its average volume of 114,839. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53. The firm's 50-day moving average is $28.97 and its 200 day moving average is $30.95. The stock has a market cap of $556.10 million, a P/E ratio of 4.58 and a beta of 1.47. Riley Exploration Permian, Inc. has a 52-week low of $21.98 and a 52-week high of $37.55.

Riley Exploration Permian Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 24th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date of this dividend is Thursday, April 24th. Riley Exploration Permian's dividend payout ratio is presently 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.