Brandywine Global Investment Management LLC Raises Position in Riley Exploration Permian, Inc. $REPX

Key Points

• Brandywine Global Investment Management LLC increased its stake in Riley Exploration Permian, Inc. by 19.2%, now owning 78,300 shares valued at approximately $2.28 million.
• Riley Exploration Permian recently declared a quarterly dividend of $0.38 per share, resulting in an annualized yield of 5.7% and a payout ratio of 33.55%.
• Insider transactions included CEO Bobby Riley selling 15,000 shares for about $390,150, representing a 3.62% decrease in his position.

Brandywine Global Investment Management LLC raised its holdings in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 19.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,300 shares of the company's stock after buying an additional 12,620 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.36% of Riley Exploration Permian worth $2,284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its holdings in shares of Riley Exploration Permian by 44.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company's stock valued at $38,000 after purchasing an additional 368 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of 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 in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 in the last quarter. CWM LLC raised its holdings in shares of Riley Exploration Permian by 13.0% in the 1st quarter. CWM LLC now owns 4,221 shares of the company's stock valued at $123,000 after purchasing an additional 486 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 605 shares in the last quarter. Hedge funds and other institutional investors own 58.91% of the company's stock.

Riley Exploration Permian Price Performance

Shares of REPX opened at $26.58 on Tuesday. The firm's fifty day simple moving average is $26.98 and its 200-day simple moving average is $27.81. Riley Exploration Permian, Inc. has a twelve month low of $21.98 and a twelve month high of $37.55. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $585.88 million, a price-to-earnings ratio of 4.71 and a beta of 1.49.

Riley Exploration Permian Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Investors of record on Thursday, July 24th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 5.7%. The ex-dividend date was Thursday, July 24th. Riley Exploration Permian's dividend payout ratio (DPR) is currently 33.55%.

Insider Buying and Selling at Riley Exploration Permian

In related 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 sale, the chief executive officer directly owned 399,636 shares in the company, valued at $10,394,532.36. This trade represents a 3.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 owned 176,700 shares in the company, 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 worth $766,420 over the last quarter. 4.70% of the stock is owned by company insiders.

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.

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