Brandywine Global Investment Management LLC Has $2.28 Million 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 first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,300 shares of the company's stock after acquiring an additional 12,620 shares during the quarter. Brandywine Global Investment Management LLC owned 0.36% of Riley Exploration Permian worth $2,284,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in Riley Exploration Permian by 85.2% during the fourth quarter. JPMorgan Chase & Co. now owns 46,172 shares of the company's stock valued at $1,474,000 after buying an additional 21,242 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Riley Exploration Permian by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 238,601 shares of the company's stock valued at $7,617,000 after acquiring an additional 605 shares during the period. Wells Fargo & Company MN lifted its position in shares of Riley Exploration Permian by 30.3% in the 4th quarter. Wells Fargo & Company MN now owns 6,467 shares of the company's stock valued at $206,000 after acquiring an additional 1,505 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Riley Exploration Permian by 15.5% in the 4th quarter. Renaissance Technologies LLC now owns 88,615 shares of the company's stock worth $2,829,000 after purchasing an additional 11,915 shares during the period. Finally, Summit Investment Advisors Inc. boosted its stake in Riley Exploration Permian by 44.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company's stock worth $38,000 after purchasing an additional 368 shares during the period. Hedge funds and other institutional investors own 58.91% of the company's stock.

Riley Exploration Permian Stock Up 5.1%

NYSE:REPX traded up $1.39 during trading hours on Friday, hitting $28.74. 125,015 shares of the stock traded hands, compared to its average volume of 106,951. The firm has a 50 day moving average price of $26.91 and a 200 day moving average price of $27.65. 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 fifty-two week low of $21.98 and a fifty-two week high of $37.55. The firm has a market cap of $633.49 million, a price-to-earnings ratio of 5.10 and a beta of 1.49.

Riley Exploration Permian Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Thursday, July 24th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, July 24th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.3%. Riley Exploration Permian's payout ratio is currently 33.55%.

Insider Buying and Selling at Riley Exploration Permian

In related news, CEO Bobby Riley sold 15,000 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $26.01, for a total value of $390,150.00. Following the completion of the sale, the chief executive officer directly owned 399,636 shares of the company's stock, valued at approximately $10,394,532.36. This represents a 3.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Corey Neil Riley sold 3,500 shares of Riley Exploration Permian stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $26.42, for a total value of $92,470.00. Following the transaction, the insider directly owned 176,700 shares in the company, valued at approximately $4,668,414. This trade represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,500 shares of company stock worth $766,420 over the last three months. 4.70% of the stock is owned by insiders.

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.