Riley Exploration Permian, Inc. (NYSE:REPX) Holdings Reduced by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 22.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,237 shares of the company’s stock after selling 13,109 shares during the period. Los Angeles Capital Management LLC’s holdings in Riley Exploration Permian were worth $1,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. New York State Teachers Retirement System acquired a new stake in Riley Exploration Permian in the 4th quarter valued at approximately $33,000. Toth Financial Advisory Corp bought a new position in shares of Riley Exploration Permian in the fourth quarter worth $115,000. SG Americas Securities LLC grew its stake in shares of Riley Exploration Permian by 24.7% in the fourth quarter. SG Americas Securities LLC now owns 5,100 shares of the company’s stock worth $163,000 after purchasing an additional 1,010 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Riley Exploration Permian during the third quarter valued at $223,000. Finally, Quest Partners LLC raised its stake in shares of Riley Exploration Permian by 135.0% during the third quarter. Quest Partners LLC now owns 8,967 shares of the company’s stock valued at $238,000 after purchasing an additional 5,152 shares in the last quarter. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at Riley Exploration Permian

In other news, CEO Bobby Riley sold 15,000 shares of Riley Exploration Permian stock in a transaction that occurred 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 transaction, the chief executive officer now owns 296,375 shares of the company’s stock, valued at $9,890,033.75. The trade was a 4.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.90% of the company’s stock.

Riley Exploration Permian Price Performance

NYSE REPX opened at $31.56 on Friday. Riley Exploration Permian, Inc. has a 12 month low of $23.14 and a 12 month high of $37.55. The firm has a market capitalization of $678.00 million, a PE ratio of 5.60 and a beta of 1.47. The company’s 50 day simple moving average is $33.53 and its 200 day simple moving average is $30.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64.

Riley Exploration Permian Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.82%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 26.95%.

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.