CWA Asset Management Group LLC Increases Stock Holdings in Riley Exploration Permian, Inc. (NYSE:REPX)

CWA Asset Management Group LLC lifted its position in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 108.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,940 shares of the company's stock after purchasing an additional 11,395 shares during the quarter. CWA Asset Management Group LLC owned 0.10% of Riley Exploration Permian worth $640,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Riley Exploration Permian by 5,545.6% in the first quarter. GAMMA Investing LLC now owns 27,099 shares of the company's stock worth $790,000 after purchasing an additional 26,619 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Riley Exploration Permian by 45.4% in the fourth quarter. New York State Common Retirement Fund now owns 32,644 shares of the company's stock worth $1,042,000 after buying an additional 10,200 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Riley Exploration Permian by 50.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company's stock worth $9,691,000 after buying an additional 101,309 shares during the period. American Century Companies Inc. lifted its stake in shares of Riley Exploration Permian by 35.5% in the 4th quarter. American Century Companies Inc. now owns 385,341 shares of the company's stock valued at $12,300,000 after acquiring an additional 100,891 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Riley Exploration Permian by 30.3% during the 4th quarter. Northern Trust Corp now owns 127,165 shares of the company's stock valued at $4,059,000 after acquiring an additional 29,549 shares during the period. 58.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Riley Exploration Permian

In related news, CEO Bobby Riley sold 2,681 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total value of $78,204.77. Following the sale, the chief executive officer now directly owns 439,636 shares of the company's stock, valued at $12,824,182.12. This trade represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Philip A. Riley sold 1,759 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total value of $51,310.03. Following the transaction, the chief financial officer now owns 188,172 shares in the company, valued at approximately $5,488,977.24. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,977 shares of company stock worth $876,949 in the last three months. 4.70% of the stock is owned by insiders.

Riley Exploration Permian Trading Down 0.9%

REPX traded down $0.25 on Tuesday, hitting $26.72. 94,182 shares of the company were exchanged, compared to its average volume of 102,868. 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 fifty day simple moving average of $26.54 and a two-hundred day simple moving average of $29.61. The stock has a market capitalization of $588.45 million, a PE ratio of 4.74 and a beta of 1.54. Riley Exploration Permian, Inc. has a 12 month low of $21.98 and a 12 month high of $37.55.

Riley Exploration Permian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Thursday, April 24th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 5.69%. The ex-dividend date of this dividend was Thursday, April 24th. Riley Exploration Permian's payout ratio is 32.48%.

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.