Fmr LLC Purchases 11,887 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

Fmr LLC grew its position in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 28.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,215 shares of the company’s stock after acquiring an additional 11,887 shares during the period. Fmr LLC owned about 0.25% of Riley Exploration Permian worth $1,436,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Koss Olinger Consulting LLC raised its stake in shares of Riley Exploration Permian by 2.3% during the third quarter. Koss Olinger Consulting LLC now owns 18,326 shares of the company’s stock valued at $485,000 after acquiring an additional 409 shares during the last quarter. Quest Partners LLC raised its stake in Riley Exploration Permian by 38.6% in the second quarter. Quest Partners LLC now owns 3,815 shares of the company’s stock worth $108,000 after buying an additional 1,062 shares in the last quarter. CWM LLC raised its stake in Riley Exploration Permian by 1,191.7% in the second quarter. CWM LLC now owns 1,240 shares of the company’s stock worth $35,000 after buying an additional 1,144 shares in the last quarter. Ariadne Wealth Management LP bought a new position in Riley Exploration Permian in the second quarter worth about $36,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Riley Exploration Permian in the second quarter worth about $39,000. 58.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Riley Exploration Permian

In other news, CEO Bobby Riley sold 8,981 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $26.49, for a total transaction of $237,906.69. Following the sale, the chief executive officer now owns 326,375 shares in the company, valued at $8,645,673.75. This represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 21,229 shares of company stock valued at $614,249. Corporate insiders own 3.90% of the company’s stock.

Riley Exploration Permian Price Performance

REPX stock opened at $32.98 on Monday. Riley Exploration Permian, Inc. has a 1 year low of $21.27 and a 1 year high of $37.15. The firm has a 50-day moving average of $31.12 and a 200 day moving average of $28.79. The company has a market cap of $708.41 million, a P/E ratio of 5.85 and a beta of 1.42. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 24th were paid a dividend of $0.38 per share. This is an increase from Riley Exploration Permian’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, October 24th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.61%. Riley Exploration Permian’s dividend payout ratio (DPR) is currently 26.95%.

Analyst Upgrades and Downgrades

Separately, Truist Financial increased their price target on shares of Riley Exploration Permian from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th.

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.