9,801 Shares in Riley Exploration Permian, Inc. $REPX Purchased by Petrus Trust Company LTA

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 purchased a new position in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,801 shares of the company's stock, valued at approximately $286,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in REPX. American Century Companies Inc. boosted its holdings in shares of Riley Exploration Permian by 25.8% in the 1st quarter. American Century Companies Inc. now owns 484,614 shares of the company's stock worth $14,136,000 after buying an additional 99,273 shares during the last quarter. Nuveen LLC purchased a new position in shares of Riley Exploration Permian in the 1st quarter worth about $926,000. Northern Trust Corp boosted its holdings in shares of Riley Exploration Permian by 30.3% in the 4th quarter. Northern Trust Corp now owns 127,165 shares of the company's stock worth $4,059,000 after buying an additional 29,549 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Riley Exploration Permian by 5,545.6% in the 1st quarter. GAMMA Investing LLC now owns 27,099 shares of the company's stock worth $790,000 after buying an additional 26,619 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Riley Exploration Permian in the 4th quarter worth about $561,000. 58.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Riley Exploration Permian news, insider Corey Neil Riley sold 3,500 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $26.42, for a total transaction of $92,470.00. Following the sale, the insider directly owned 176,700 shares of the company's stock, valued at $4,668,414. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Bobby Riley sold 15,000 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $26.01, for a total transaction of $390,150.00. Following the sale, the chief executive officer directly owned 399,636 shares in the company, valued at approximately $10,394,532.36. This trade represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,500 shares of company stock worth $766,420. Insiders own 4.70% of the company's stock.

Riley Exploration Permian Price Performance

Shares of NYSE:REPX opened at $27.35 on Tuesday. The company has a market capitalization of $602.85 million, a P/E ratio of 4.85 and a beta of 1.28. Riley Exploration Permian, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $37.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. The company's 50-day moving average is $27.26 and its 200 day moving average is $27.24.

Riley Exploration Permian Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 7th. Shareholders of record on Thursday, July 24th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, July 24th. This represents a $1.52 annualized dividend and a yield of 5.6%. Riley Exploration Permian's dividend payout ratio is 33.55%.

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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