Petrus Trust Company LTA Invests $286,000 in Riley Exploration Permian, Inc. $REPX

Key Points

• Petrus Trust Company LTA acquired 9,801 shares of Riley Exploration Permian, Inc. (REPX) valued at approximately $286,000, marking a significant investment in the company's stock during the first quarter.
• Insiders, including CEO Bobby Riley, recently sold a total of 28,500 shares of the company's stock, indicating a decrease in their ownership amidst active trading.
• The company announced a quarterly dividend of $0.38 per share, which translates to an annualized yield of 5.6% for investors, reflecting its commitment to returning value to shareholders.

Petrus Trust Company LTA acquired a new stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,801 shares of the company's stock, valued at approximately $286,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Riley Exploration Permian by 93.5% during the first quarter. GAMMA Investing LLC now owns 929 shares of the company's stock valued at $27,000 after purchasing an additional 449 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Riley Exploration Permian by 68.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,150 shares of the company's stock worth $61,000 after acquiring an additional 874 shares in the last quarter. State of Wyoming bought a new stake in Riley Exploration Permian in the first quarter worth approximately $102,000. CWM LLC grew its position in Riley Exploration Permian by 13.0% in the first quarter. CWM LLC now owns 4,221 shares of the company's stock worth $123,000 after acquiring an additional 486 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in Riley Exploration Permian by 41.7% in the first quarter. Quantbot Technologies LP now owns 4,890 shares of the company's stock worth $143,000 after acquiring an additional 1,439 shares in the last quarter. 58.91% of the stock is owned by hedge funds and other institutional investors.

Riley Exploration Permian Stock Down 1.3%

REPX stock traded down $0.36 during trading hours on Friday, hitting $27.57. The company's stock had a trading volume of 61,169 shares, compared to its average volume of 106,924. 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 company has a market capitalization of $607.70 million, a PE ratio of 4.89 and a beta of 1.28. Riley Exploration Permian, Inc. has a 12 month low of $21.98 and a 12 month high of $37.55. The stock has a 50 day moving average price of $27.31 and a two-hundred day moving average price of $27.12.

Riley Exploration Permian Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Shareholders of record on Thursday, July 24th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Thursday, July 24th. Riley Exploration Permian's payout ratio is currently 33.55%.

Insider Activity at Riley Exploration Permian

In other news, CEO Bobby Riley sold 15,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $26.01, for a total value of $390,150.00. Following the completion of the sale, the chief executive officer directly owned 399,636 shares in the company, valued at approximately $10,394,532.36. The trade was a 3.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Corey Neil Riley sold 3,500 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $26.42, for a total transaction of $92,470.00. Following the completion of the sale, the insider owned 176,700 shares of the company's stock, valued at $4,668,414. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,500 shares of company stock valued at $766,420 over the last three months. Insiders own 4.70% of the company's stock.

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.