Riley Exploration Permian, Inc. (NYSE:REPX) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 4.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,356 shares of the company's stock after selling 10,170 shares during the quarter. Bank of New York Mellon Corp owned 1.08% of Riley Exploration Permian worth $6,749,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its stake in shares of Riley Exploration Permian by 44.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company's stock worth $38,000 after buying an additional 368 shares during the period. SummerHaven Investment Management LLC raised its stake in Riley Exploration Permian by 1.6% in the 1st quarter. SummerHaven Investment Management LLC now owns 28,067 shares of the company's stock valued at $819,000 after purchasing an additional 434 shares during the last quarter. GAMMA Investing LLC raised its stake in Riley Exploration Permian by 93.5% in the 1st quarter. GAMMA Investing LLC now owns 929 shares of the company's stock valued at $27,000 after purchasing an additional 449 shares during the last quarter. Geode Capital Management LLC grew its holdings in Riley Exploration Permian by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 238,601 shares of the company's stock valued at $7,617,000 after buying an additional 605 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in Riley Exploration Permian by 10.2% in the 4th quarter. California State Teachers Retirement System now owns 9,199 shares of the company's stock valued at $294,000 after buying an additional 853 shares in the last quarter. 58.91% of the stock is owned by hedge funds and other institutional investors.

Riley Exploration Permian Trading Up 0.6%

NYSE:REPX traded up $0.16 during trading hours on Friday, hitting $26.65. The company had a trading volume of 134,453 shares, compared to its average volume of 104,695. The company has a 50-day moving average of $26.91 and a 200 day moving average of $28.78. The company has a market cap of $586.91 million, a P/E ratio of 4.73 and a beta of 1.52. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. Riley Exploration Permian, Inc. has a 1 year low of $21.98 and a 1 year high of $37.55.

Riley Exploration Permian Dividend Announcement

The firm 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 dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date is Thursday, July 24th. Riley Exploration Permian's payout ratio is 32.48%.

Insider Activity

In other news, CEO Bobby Riley sold 5,500 shares of Riley Exploration Permian stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $28.65, for a total value of $157,575.00. Following the completion of the transaction, the chief executive officer 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 25,000 shares of company stock worth $702,600. 4.70% of the stock is currently owned by company insiders.

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.