PCG Wealth Advisors LLC trimmed its stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 10.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,590 shares of the company's stock after selling 10,544 shares during the quarter. PCG Wealth Advisors LLC owned approximately 0.44% of Riley Exploration Permian worth $2,759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Summit Investment Advisors Inc. increased its holdings in Riley Exploration Permian by 44.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company's stock worth $38,000 after purchasing an additional 368 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in Riley Exploration Permian by 1.6% in the first quarter. SummerHaven Investment Management LLC now owns 28,067 shares of the company's stock worth $819,000 after purchasing an additional 434 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Riley Exploration Permian by 93.5% during the first quarter. GAMMA Investing LLC now owns 929 shares of the company's stock valued at $27,000 after acquiring an additional 449 shares in the last quarter. CWM LLC increased its holdings in shares of Riley Exploration Permian by 13.0% during the first quarter. CWM LLC now owns 4,221 shares of the company's stock valued at $123,000 after acquiring an additional 486 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in shares of Riley Exploration Permian by 2.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 20,088 shares of the company's stock valued at $641,000 after acquiring an additional 500 shares in the last quarter. 58.91% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $27.92, for a total value of $418,800.00. Following the transaction, the chief executive officer owned 424,636 shares of the company's stock, valued at approximately $11,855,837.12. The trade was a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 25,000 shares of company stock valued at $702,600 over the last 90 days. 4.70% of the stock is currently owned by insiders.
Riley Exploration Permian Stock Up 3.2%
Shares of Riley Exploration Permian stock traded up $0.86 during trading hours on Friday, reaching $27.41. The company's stock had a trading volume of 238,598 shares, compared to its average volume of 101,378. Riley Exploration Permian, Inc. has a one year low of $21.98 and a one year high of $37.55. The company has a market capitalization of $603.65 million, a P/E ratio of 4.86 and a beta of 1.52. The stock's fifty day simple moving average is $27.06 and its two-hundred day simple moving average is $29.03. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70.
Riley Exploration Permian Announces Dividend
The business also recently announced 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. The ex-dividend date is Thursday, July 24th. This represents a $1.52 annualized dividend and a dividend yield of 5.55%. Riley Exploration Permian's payout ratio is 32.48%.
About Riley Exploration Permian
(
Free Report)
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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