Riley Exploration Permian, Inc. (NYSE:REPX) Shares Purchased by Swiss National Bank

Swiss National Bank increased its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 13.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,100 shares of the company’s stock after buying an additional 2,300 shares during the quarter. Swiss National Bank’s holdings in Riley Exploration Permian were worth $610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Martingale Asset Management L P raised its holdings in shares of Riley Exploration Permian by 292.1% in the third quarter. Martingale Asset Management L P now owns 28,621 shares of the company’s stock worth $758,000 after buying an additional 21,321 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Riley Exploration Permian by 45.4% in the 4th quarter. New York State Common Retirement Fund now owns 32,644 shares of the company’s stock valued at $1,042,000 after acquiring an additional 10,200 shares during the period. Barclays PLC raised its stake in Riley Exploration Permian by 167.2% in the 3rd quarter. Barclays PLC now owns 17,574 shares of the company’s stock worth $464,000 after acquiring an additional 10,997 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Riley Exploration Permian by 48.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 121,353 shares of the company’s stock worth $3,215,000 after acquiring an additional 39,759 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Riley Exploration Permian during the 4th quarter valued at about $564,000. 58.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Truist Financial increased their price objective on Riley Exploration Permian from $45.00 to $47.00 and gave the company a “buy” rating in a report on Monday, January 13th.

Insider Buying and Selling

In other Riley Exploration Permian news, insider Corey Neil Riley sold 3,500 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 125,974 shares in the company, valued at approximately $3,444,129.16. This represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Bobby Riley sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $33.37, for a total transaction of $500,550.00. Following the sale, the chief executive officer now directly owns 296,375 shares in the company, valued at $9,890,033.75. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.

Riley Exploration Permian Stock Performance

REPX opened at $29.00 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.64 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 firm has a 50 day moving average of $31.85 and a two-hundred day moving average of $31.13. The firm has a market capitalization of $623.65 million, a PE ratio of 5.14 and a beta of 1.58.

Riley Exploration Permian Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $1.52 annualized dividend and a dividend yield of 5.24%. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 35.68%.

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.