Price T Rowe Associates Inc. MD Takes Position in Riley Exploration Permian, Inc. (NYSE:REPX)

Price T Rowe Associates Inc. MD bought a new position in Riley Exploration Permian, Inc. (NYSE:REPX) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 28,058 shares of the company’s stock, valued at approximately $897,000.

A number of other institutional investors have also recently bought and sold shares of REPX. New York State Common Retirement Fund boosted its holdings 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 purchasing an additional 10,200 shares during the last quarter. Barclays PLC boosted its holdings in Riley Exploration Permian by 167.2% in the third quarter. Barclays PLC now owns 17,574 shares of the company’s stock valued at $464,000 after acquiring an additional 10,997 shares during the last quarter. American Century Companies Inc. grew its position in Riley Exploration Permian by 35.5% during the fourth quarter. American Century Companies Inc. now owns 385,341 shares of the company’s stock valued at $12,300,000 after acquiring an additional 100,891 shares during the period. Vanguard Group Inc. increased its stake in Riley Exploration Permian by 29.4% during the fourth quarter. Vanguard Group Inc. now owns 912,038 shares of the company’s stock worth $29,112,000 after acquiring an additional 207,319 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Riley Exploration Permian in the 4th quarter worth about $564,000. 58.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, CEO Bobby Riley sold 15,000 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $33.37, for a total value of $500,550.00. Following the completion of the transaction, the chief executive officer now directly owns 296,375 shares in the company, valued at approximately $9,890,033.75. This represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Corey Neil Riley sold 1,537 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total transaction of $44,834.29. Following the sale, the insider now directly owns 183,700 shares of the company’s stock, valued at approximately $5,358,529. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,477 shares of company stock worth $770,589 over the last quarter. 4.70% of the stock is owned by corporate insiders.

Riley Exploration Permian Price Performance

Riley Exploration Permian stock opened at $26.42 on Friday. The firm has a fifty day moving average of $26.80 and a 200-day moving average of $30.67. Riley Exploration Permian, Inc. has a 52-week low of $21.98 and a 52-week high of $37.55. 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 has a market capitalization of $581.85 million, a P/E ratio of 4.68 and a beta of 1.56.

Riley Exploration Permian Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Thursday, April 24th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, April 24th. This represents a $1.52 annualized dividend and a yield of 5.75%. Riley Exploration Permian’s dividend payout ratio is currently 32.48%.

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.