Northern Trust Corp Buys 29,549 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

Northern Trust Corp increased its position in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 30.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 127,165 shares of the company's stock after purchasing an additional 29,549 shares during the quarter. Northern Trust Corp owned approximately 0.59% of Riley Exploration Permian worth $4,059,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. New York State Teachers Retirement System bought a new position in Riley Exploration Permian during the fourth quarter worth $33,000. Summit Investment Advisors Inc. lifted 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 last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Riley Exploration Permian during the 4th quarter worth about $77,000. Travelers Companies Inc. bought a new stake in shares of Riley Exploration Permian during the 4th quarter worth about $80,000. Finally, Quantbot Technologies LP acquired a new position in Riley Exploration Permian in the 4th quarter valued at about $110,000. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Riley Exploration Permian

In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of Riley Exploration Permian stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $27.92, for a total value of $418,800.00. Following the completion of the sale, the chief executive officer now owns 424,636 shares in the company, valued at $11,855,837.12. The trade was a 3.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Corey Neil Riley sold 3,500 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $27.34, for a total transaction of $95,690.00. Following the completion of the sale, the insider now directly owns 125,974 shares of the company's stock, valued at $3,444,129.16. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,477 shares of company stock worth $688,839. Company insiders own 4.70% of the company's stock.

Riley Exploration Permian Stock Performance

Riley Exploration Permian stock traded down $0.29 during trading hours on Wednesday, hitting $26.03. The company had a trading volume of 61,243 shares, compared to its average volume of 107,792. The firm has a 50-day moving average of $26.36 and a 200 day moving average of $30.56. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. The firm has a market cap of $573.26 million, a PE ratio of 4.62 and a beta of 1.56. Riley Exploration Permian, Inc. has a one year low of $21.98 and a one year high of $37.55.

Riley Exploration Permian Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Thursday, April 24th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 5.84%. The ex-dividend date was Thursday, April 24th. Riley Exploration Permian's payout ratio is 32.48%.

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.