Ameriprise Financial Inc. Reduces Holdings in Riley Exploration Permian, Inc. (NYSE:REPX)

Ameriprise Financial Inc. decreased its holdings in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 139,270 shares of the company's stock after selling 24,913 shares during the quarter. Ameriprise Financial Inc. owned 0.65% of Riley Exploration Permian worth $4,445,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. New York State Teachers Retirement System bought a new position in shares of Riley Exploration Permian in the 4th quarter worth approximately $33,000. Summit Investment Advisors Inc. grew its holdings in Riley Exploration Permian by 44.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company's stock valued at $38,000 after buying an additional 368 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Riley Exploration Permian during the 4th quarter valued at approximately $77,000. Travelers Companies Inc. bought a new position in shares of Riley Exploration Permian during the 4th quarter valued at approximately $80,000. Finally, Quantbot Technologies LP bought a new position in shares of Riley Exploration Permian during the 4th quarter valued at approximately $110,000. Hedge funds and other institutional investors own 58.91% of the company's stock.

Insider Transactions at Riley Exploration Permian

In other Riley Exploration Permian news, insider Corey Neil Riley sold 1,537 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total transaction of $44,834.29. Following the completion of the sale, the insider now owns 183,700 shares in the company, valued at $5,358,529. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bobby Riley sold 15,000 shares of Riley Exploration Permian stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $27.92, for a total value of $418,800.00. Following the completion of the transaction, the chief executive officer now owns 424,636 shares in the company, valued at $11,855,837.12. This trade represents a 3.41% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,477 shares of company stock worth $688,839. 4.70% of the stock is currently owned by insiders.

Riley Exploration Permian Price Performance

Shares of NYSE REPX traded down $0.29 during midday trading on Wednesday, reaching $26.03. 61,243 shares of the stock traded hands, compared to its average volume of 108,415. The stock has a market capitalization of $573.26 million, a PE ratio of 4.62 and a beta of 1.56. The company's 50 day moving average is $26.44 and its 200 day moving average is $30.59. Riley Exploration Permian, Inc. has a one year low of $21.98 and a one year 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 business also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Thursday, April 24th were given a $0.38 dividend. The ex-dividend date was Thursday, April 24th. This represents a $1.52 dividend on an annualized basis and a yield of 5.84%. Riley Exploration Permian's dividend payout ratio is presently 32.48%.

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.