Riley Exploration Permian, Inc. (NYSE:REPX) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Riley Exploration Permian, Inc. (NYSE:REPX) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,601 shares of the company’s stock after buying an additional 605 shares during the period. Geode Capital Management LLC owned 1.11% of Riley Exploration Permian worth $7,617,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Riley Exploration Permian by 29.4% in 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 period. American Century Companies Inc. increased its position in shares of Riley Exploration Permian by 35.5% during the 4th quarter. American Century Companies Inc. now owns 385,341 shares of the company’s stock worth $12,300,000 after purchasing an additional 100,891 shares during the last quarter. Prudential Financial Inc. raised its holdings in Riley Exploration Permian by 304.6% in the 4th quarter. Prudential Financial Inc. now owns 63,361 shares of the company’s stock valued at $2,022,000 after buying an additional 47,702 shares during the period. Kennondale Capital Management LLC acquired a new position in Riley Exploration Permian in the fourth quarter valued at about $1,104,000. Finally, Inspire Investing LLC purchased a new position in Riley Exploration Permian during the fourth quarter worth about $874,000. Institutional investors and hedge funds own 58.91% of the company’s stock.

Riley Exploration Permian Stock Down 0.5 %

NYSE:REPX opened at $25.81 on Friday. 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 stock’s fifty day moving average is $28.31 and its two-hundred day moving average is $30.86. The stock has a market capitalization of $555.46 million, a price-to-earnings ratio of 4.58 and a beta of 1.47.

Riley Exploration Permian Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 24th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date is Thursday, April 24th. Riley Exploration Permian’s dividend payout ratio (DPR) is 35.68%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Riley Exploration Permian

In other news, CFO Philip A. Riley sold 1,759 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total transaction 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 represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bobby Riley sold 15,000 shares of Riley Exploration Permian 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 owns 296,375 shares of the company’s stock, valued at approximately $9,890,033.75. This trade represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,477 shares of company stock valued at $770,589 in the last three months. 3.90% of the stock is owned by corporate insiders.

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.