Bank of New York Mellon Corp Reduces Holdings in Riley Exploration Permian, Inc. (NYSE:REPX)

Bank of New York Mellon Corp lowered its stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 231,356 shares of the company's stock after selling 10,170 shares during the quarter. Bank of New York Mellon Corp owned about 1.08% of Riley Exploration Permian worth $6,749,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Riley Exploration Permian by 29.4% in the fourth quarter. Vanguard Group Inc. now owns 912,038 shares of the company's stock valued at $29,112,000 after purchasing an additional 207,319 shares during the period. American Century Companies Inc. lifted its position in Riley Exploration Permian by 35.5% in the fourth quarter. American Century Companies Inc. now owns 385,341 shares of the company's stock valued at $12,300,000 after purchasing an additional 100,891 shares during the period. Dimensional Fund Advisors LP lifted its position in Riley Exploration Permian by 50.2% in the fourth 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. Geode Capital Management LLC lifted its position in Riley Exploration Permian by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 238,601 shares of the company's stock valued at $7,617,000 after purchasing an additional 605 shares during the period. Finally, Northern Trust Corp lifted its position in Riley Exploration Permian by 30.3% in the fourth quarter. Northern Trust Corp now owns 127,165 shares of the company's stock valued at $4,059,000 after purchasing an additional 29,549 shares during the period. Hedge funds and other institutional investors own 58.91% of the company's stock.

Insider Buying and Selling

In other news, CEO Bobby Riley sold 5,500 shares of Riley Exploration Permian stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $28.65, for a total transaction of $157,575.00. Following the completion of the sale, the chief executive officer directly owned 414,636 shares in the company, valued at approximately $11,879,321.40. This trade represents a 1.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 25,000 shares of company stock valued at $702,600 in the last three months. 3.90% of the stock is owned by company insiders.

Riley Exploration Permian Stock Performance

NYSE:REPX traded up $0.16 during mid-day trading on Friday, reaching $26.65. The stock had a trading volume of 134,453 shares, compared to its average volume of 104,695. 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 firm has a market capitalization of $586.91 million, a price-to-earnings ratio of 4.73 and a beta of 1.52. Riley Exploration Permian, Inc. has a twelve month low of $21.98 and a twelve month high of $37.55. The business has a 50 day simple moving average of $26.93 and a 200 day simple moving average of $28.86.

Riley Exploration Permian Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Thursday, July 24th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $1.52 dividend on an annualized basis and a yield of 5.70%. Riley Exploration Permian's payout ratio is currently 32.48%.

Riley Exploration Permian 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.