Centiva Capital LP Acquires Shares of 9,601 Riley Exploration Permian, Inc. (NYSE:REPX)

Centiva Capital LP acquired a new stake in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,601 shares of the company's stock, valued at approximately $306,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its holdings in Riley Exploration Permian by 45.4% in the 4th quarter. New York State Common Retirement Fund now owns 32,644 shares of the company's stock valued at $1,042,000 after purchasing an additional 10,200 shares in the last quarter. Barclays PLC lifted its holdings in Riley Exploration Permian by 167.2% in the 3rd quarter. Barclays PLC now owns 17,574 shares of the company's stock valued at $464,000 after purchasing an additional 10,997 shares in the last quarter. American Century Companies Inc. lifted its holdings in Riley Exploration Permian by 35.5% in the 4th quarter. American Century Companies Inc. now owns 385,341 shares of the company's stock valued at $12,300,000 after purchasing an additional 100,891 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Riley Exploration Permian by 29.4% in the 4th quarter. Vanguard Group Inc. now owns 912,038 shares of the company's stock valued at $29,112,000 after purchasing an additional 207,319 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Riley Exploration Permian in the 4th quarter valued at $564,000. Hedge funds and other institutional investors own 58.91% of the company's stock.

Wall Street Analyst Weigh In

Separately, Truist Financial lifted their price target on Riley Exploration Permian from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Monday, January 13th.

Riley Exploration Permian Stock Up 6.7%

NYSE REPX opened at $28.18 on Tuesday. 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 business's fifty day simple moving average is $26.80 and its 200-day simple moving average is $30.71. The firm has a market cap of $620.61 million, a PE ratio of 5.00 and a beta of 1.56.

Riley Exploration Permian Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Thursday, April 24th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, April 24th. This represents a $1.52 annualized dividend and a dividend yield of 5.39%. Riley Exploration Permian's dividend payout ratio is presently 32.48%.

Insider Transactions at Riley Exploration Permian

In related news, insider Corey Neil Riley sold 3,500 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $27.34, for a total transaction of $95,690.00. Following the completion of the sale, the insider now directly owns 125,974 shares of the company's stock, valued at approximately $3,444,129.16. This trade represents a 2.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Philip A. Riley sold 1,759 shares of Riley Exploration Permian 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 directly 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 disclosure for this sale can be found here. Insiders have sold a total of 9,477 shares of company stock worth $270,039 in the last quarter. Company insiders own 4.70% of the company's stock.

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.

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