Ameriprise Financial Inc. Has $4.45 Million Stock Position in Riley Exploration Permian, Inc. (NYSE:REPX)

Ameriprise Financial Inc. reduced its stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 15.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 139,270 shares of the company’s stock after selling 24,913 shares during the quarter. Ameriprise Financial Inc. owned 0.65% of Riley Exploration Permian worth $4,445,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of REPX. Vanguard Group Inc. grew its holdings in shares of Riley Exploration Permian by 29.4% during the 4th quarter. Vanguard Group Inc. now owns 912,038 shares of the company’s stock worth $29,112,000 after purchasing an additional 207,319 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Riley Exploration Permian by 50.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company’s stock worth $9,691,000 after purchasing an additional 101,309 shares in the last quarter. American Century Companies Inc. boosted its stake in Riley Exploration Permian by 35.5% in the fourth quarter. American Century Companies Inc. now owns 385,341 shares of the company’s stock valued at $12,300,000 after buying an additional 100,891 shares in the last quarter. Prudential Financial Inc. boosted its stake in Riley Exploration Permian by 304.6% in the fourth 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 in the last quarter. Finally, Kennondale Capital Management LLC acquired a new stake in Riley Exploration Permian in the fourth quarter valued at about $1,104,000. 58.91% of the stock is owned by institutional investors and hedge funds.

Riley Exploration Permian Stock Performance

NYSE:REPX opened at $25.57 on Monday. The stock’s 50-day simple moving average is $26.61 and its 200 day simple moving average is $30.68. The firm has a market capitalization of $563.13 million, a PE ratio of 4.53 and a beta of 1.56. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53. Riley Exploration Permian, Inc. has a twelve month low of $21.98 and a twelve month high of $37.55.

Riley Exploration Permian Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Thursday, April 24th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend was Thursday, April 24th. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 32.48%.

Insider Activity at Riley Exploration Permian

In related news, CEO Bobby Riley sold 15,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $27.92, for a total value of $418,800.00. Following the sale, the chief executive officer now directly owns 424,636 shares of the company’s stock, valued at $11,855,837.12. This trade represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Philip A. Riley sold 1,759 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total value of $51,310.03. Following the completion of the transaction, the chief financial officer now owns 188,172 shares of the company’s stock, valued at $5,488,977.24. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,477 shares of company stock valued at $688,839 over the last ninety days. 4.70% of the stock is owned by corporate insiders.

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.