JPMorgan Chase & Co. Buys 21,242 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

JPMorgan Chase & Co. grew its stake in Riley Exploration Permian, Inc. (NYSE:REPX) by 85.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,172 shares of the company’s stock after acquiring an additional 21,242 shares during the period. JPMorgan Chase & Co. owned 0.21% of Riley Exploration Permian worth $1,474,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of REPX. New York State Teachers Retirement System purchased a new position in Riley Exploration Permian in the 4th quarter worth $33,000. KLP Kapitalforvaltning AS purchased a new position in Riley Exploration Permian during the 4th quarter worth approximately $77,000. Travelers Companies Inc. acquired a new stake in Riley Exploration Permian during the 4th quarter valued at approximately $80,000. Quantbot Technologies LP purchased a new stake in shares of Riley Exploration Permian in the 4th quarter valued at $110,000. Finally, Toth Financial Advisory Corp acquired a new stake in shares of Riley Exploration Permian in the fourth quarter worth $115,000. 58.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Riley Exploration Permian Price Performance

Riley Exploration Permian stock opened at $25.54 on Friday. The company has a fifty day simple moving average of $28.12 and a 200-day simple moving average of $30.85. 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 $549.65 million, a price-to-earnings ratio of 4.53 and a beta of 1.47. Riley Exploration Permian, Inc. has a 52-week low of $21.98 and a 52-week high of $37.55.

Riley Exploration Permian Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 24th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, April 24th. This represents a $1.52 annualized dividend and a yield of 5.95%. Riley Exploration Permian’s payout ratio is 35.68%.

Insider Buying and Selling

In related news, CFO Philip A. Riley sold 1,759 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total transaction of $51,310.03. Following the sale, the chief financial officer now directly owns 188,172 shares of the company’s stock, valued at $5,488,977.24. This represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bobby Riley sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $33.37, for a total transaction of $500,550.00. Following the completion of the transaction, the chief executive officer now directly owns 296,375 shares of the company’s stock, valued at $9,890,033.75. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,477 shares of company stock worth $770,589. Company insiders own 3.90% of the company’s stock.

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.