Riley Exploration Permian, Inc. (NYSE:REPX) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp cut its holdings in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 45.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,331 shares of the company's stock after selling 55,768 shares during the period. Mackenzie Financial Corp owned about 0.31% of Riley Exploration Permian worth $1,935,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in REPX. 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 increased its holdings in Riley Exploration Permian by 1.6% during the first quarter. SummerHaven Investment Management LLC now owns 28,067 shares of the company's stock valued at $819,000 after buying an additional 434 shares during the period. GAMMA Investing LLC raised its stake in Riley Exploration Permian by 93.5% in the first quarter. GAMMA Investing LLC now owns 929 shares of the company's stock worth $27,000 after buying an additional 449 shares in the last quarter. CWM LLC lifted its holdings in Riley Exploration Permian by 13.0% during the first quarter. CWM LLC now owns 4,221 shares of the company's stock worth $123,000 after buying an additional 486 shares during the period. Finally, Geode Capital Management LLC boosted its position in Riley Exploration Permian by 0.3% during the 4th 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 in the last quarter. 58.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $27.92, for a total transaction of $418,800.00. Following the sale, the chief executive officer directly owned 424,636 shares of the company's stock, valued at approximately $11,855,837.12. This trade represents a 3.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 25,000 shares of company stock valued at $702,600. 4.70% of the stock is currently owned by corporate insiders.

Riley Exploration Permian Stock Up 0.3%

REPX traded up $0.07 on Monday, hitting $25.47. The company had a trading volume of 95,836 shares, compared to its average volume of 105,050. The stock has a market capitalization of $560.93 million, a price-to-earnings ratio of 4.52 and a beta of 1.49. 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 stock has a fifty day moving average price of $26.98 and a 200-day moving average price of $28.46. Riley Exploration Permian, Inc. has a 12-month low of $21.98 and a 12-month high of $37.55.

Riley Exploration Permian Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Thursday, July 24th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 6.0%. The ex-dividend date is Thursday, July 24th. Riley Exploration Permian's dividend 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.