Algert Global LLC Sells 9,120 Shares of Riley Exploration Permian, Inc. $REPX

Key Points

• Algert Global LLC reduced its stake in Riley Exploration Permian, Inc. by 26.0%, selling 9,120 shares and holding 25,947 shares valued at approximately $757,000.
• Other institutional investors, including GAMMA Investing LLC and Dimensional Fund Advisors LP, made significant purchases, increasing their stakes substantially in the first and fourth quarters.
• Riley Exploration Permian recently declared a quarterly dividend of $0.38 per share, reflecting a 5.3% yield with a payout ratio of 33.55%.

Algert Global LLC trimmed its position in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 26.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,947 shares of the company's stock after selling 9,120 shares during the period. Algert Global LLC owned 0.12% of Riley Exploration Permian worth $757,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of REPX. JPMorgan Chase & Co. boosted its holdings in Riley Exploration Permian by 85.2% in the 4th quarter. JPMorgan Chase & Co. now owns 46,172 shares of the company's stock valued at $1,474,000 after purchasing an additional 21,242 shares during the period. Wells Fargo & Company MN boosted its holdings in Riley Exploration Permian by 30.3% in the 4th quarter. Wells Fargo & Company MN now owns 6,467 shares of the company's stock valued at $206,000 after purchasing an additional 1,505 shares during the period. Barclays PLC boosted its holdings in Riley Exploration Permian by 14.5% in the 4th quarter. Barclays PLC now owns 20,119 shares of the company's stock valued at $642,000 after purchasing an additional 2,545 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Riley Exploration Permian by 50.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company's stock valued at $9,691,000 after purchasing an additional 101,309 shares during the period. Finally, Price T Rowe Associates Inc. MD bought a new position in Riley Exploration Permian in the 4th quarter valued at $897,000. 58.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Bobby Riley sold 15,000 shares of Riley Exploration Permian stock in a transaction on Monday, August 11th. The shares were sold at an average price of $26.01, for a total transaction of $390,150.00. Following the completion of the sale, the chief executive officer directly owned 399,636 shares of the company's stock, valued at approximately $10,394,532.36. The trade was a 3.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Corey Neil Riley sold 3,500 shares of Riley Exploration Permian 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 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 disclosure for this sale can be found here. Insiders have sold a total of 28,500 shares of company stock valued at $766,420 over the last ninety days. 4.70% of the stock is currently owned by insiders.

Riley Exploration Permian Price Performance

NYSE:REPX traded down $0.09 during trading hours on Friday, hitting $29.26. The stock had a trading volume of 90,598 shares, compared to its average volume of 106,694. The company has a 50 day simple moving average of $27.00 and a two-hundred day simple moving average of $27.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. Riley Exploration Permian, Inc. has a one year low of $21.98 and a one year high of $37.55. The firm has a market capitalization of $644.95 million, a price-to-earnings ratio of 5.19 and a beta of 1.49.

Riley Exploration Permian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Thursday, July 24th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Thursday, July 24th. Riley Exploration Permian's 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.