Riley Exploration Permian, Inc. $REPX Stock Holdings Increased by American Century Companies Inc.

American Century Companies Inc. lifted its stake in Riley Exploration Permian, Inc. (NYSE:REPX) by 25.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 484,614 shares of the company’s stock after purchasing an additional 99,273 shares during the quarter. American Century Companies Inc. owned 2.20% of Riley Exploration Permian worth $14,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Brandywine Global Investment Management LLC lifted its position in shares of Riley Exploration Permian by 19.2% in the first quarter. Brandywine Global Investment Management LLC now owns 78,300 shares of the company’s stock worth $2,284,000 after purchasing an additional 12,620 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Riley Exploration Permian in the first quarter worth approximately $926,000. Invesco Ltd. purchased a new stake in shares of Riley Exploration Permian in the first quarter worth approximately $229,000. Bailard Inc. purchased a new stake in shares of Riley Exploration Permian in the first quarter worth approximately $249,000. Finally, Segall Bryant & Hamill LLC lifted its position in shares of Riley Exploration Permian by 16.4% in the first quarter. Segall Bryant & Hamill LLC now owns 70,187 shares of the company’s stock worth $2,047,000 after purchasing an additional 9,864 shares in the last quarter. 58.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Corey Neil Riley sold 3,500 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $26.42, for a total value of $92,470.00. Following the transaction, the insider owned 176,700 shares in the company, valued at approximately $4,668,414. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Bobby Riley sold 15,000 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $26.01, for a total value of $390,150.00. Following the completion of the transaction, the chief executive officer owned 399,636 shares in the company, valued at $10,394,532.36. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,500 shares of company stock worth $766,420 in the last 90 days. 4.70% of the stock is currently owned by corporate insiders.

Riley Exploration Permian Price Performance

NYSE REPX opened at $28.93 on Tuesday. The company has a 50 day simple moving average of $26.92 and a 200-day simple moving average of $27.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. The firm has a market capitalization of $637.68 million, a price-to-earnings ratio of 5.13 and a beta of 1.49. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, August 7th. Investors of record on Thursday, July 24th were issued a $0.38 dividend. The ex-dividend date was Thursday, July 24th. This represents a $1.52 dividend on an annualized basis and a yield of 5.3%. Riley Exploration Permian’s dividend payout ratio is currently 33.55%.

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.