Ameriprise Financial Inc. cut its stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 15.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,270 shares of the company's stock after selling 24,913 shares during the period. Ameriprise Financial Inc. owned 0.65% of Riley Exploration Permian worth $4,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Riley Exploration Permian by 29.4% during the 4th quarter. Vanguard Group Inc. now owns 912,038 shares of the company's stock worth $29,112,000 after purchasing an additional 207,319 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Riley Exploration Permian by 50.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company's stock valued at $9,691,000 after buying an additional 101,309 shares during the period. American Century Companies Inc. grew its stake in shares of Riley Exploration Permian by 35.5% during the fourth quarter. American Century Companies Inc. now owns 385,341 shares of the company's stock valued at $12,300,000 after buying an additional 100,891 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Riley Exploration Permian by 304.6% during the 4th quarter. Prudential Financial Inc. now owns 63,361 shares of the company's stock worth $2,022,000 after acquiring an additional 47,702 shares during the last quarter. Finally, Kennondale Capital Management LLC purchased a new position in Riley Exploration Permian during the 4th quarter valued at $1,104,000. 58.91% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Riley Exploration Permian
In other Riley Exploration Permian news, insider Corey Neil Riley sold 3,500 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $27.34, for a total value of $95,690.00. Following the sale, the insider now owns 125,974 shares in the company, valued at approximately $3,444,129.16. This represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Philip A. Riley sold 1,759 shares of the firm's stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 188,172 shares in the company, valued at approximately $5,488,977.24. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,477 shares of company stock valued at $688,839. 4.70% of the stock is currently owned by corporate insiders.
Riley Exploration Permian Trading Down 0.6%
Shares of NYSE:REPX traded down $0.17 on Friday, hitting $26.00. 16,956 shares of the company's stock were exchanged, compared to its average volume of 96,623. The stock has a market capitalization of $572.49 million, a price-to-earnings ratio of 4.61 and a beta of 1.56. The business's 50 day simple moving average is $26.28 and its two-hundred day simple moving average is $30.51. Riley Exploration Permian, Inc. has a 12 month low of $21.98 and a 12 month high of $37.55. 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 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Thursday, April 24th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, April 24th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.85%. Riley Exploration Permian's dividend payout ratio is presently 32.48%.
About Riley Exploration Permian
(
Free Report)
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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