Mackenzie Financial Corp Lowers Stock Holdings in Riley Exploration Permian, Inc. (NYSE:REPX)

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

A number of other hedge funds and other institutional investors have also bought and sold shares of REPX. GAMMA Investing LLC lifted its holdings in Riley Exploration Permian by 93.5% during the first quarter. GAMMA Investing LLC now owns 929 shares of the company's stock worth $27,000 after acquiring an additional 449 shares during the period. Summit Investment Advisors Inc. lifted its holdings in Riley Exploration Permian by 44.8% during the fourth 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. DekaBank Deutsche Girozentrale grew its position in Riley Exploration Permian by 68.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,150 shares of the company's stock worth $61,000 after acquiring an additional 874 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Riley Exploration Permian in the fourth quarter worth about $77,000. Finally, UNC Management Company Inc. bought a new stake in shares of Riley Exploration Permian in the 4th quarter valued at about $120,000. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Riley Exploration Permian Price Performance

Riley Exploration Permian stock traded up $0.37 during trading on Thursday, reaching $26.11. The company had a trading volume of 108,345 shares, compared to its average volume of 105,059. The firm's 50-day simple moving average is $26.96 and its 200 day simple moving average is $28.34. 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 market capitalization of $574.91 million, a PE ratio of 4.63 and a beta of 1.49. Riley Exploration Permian, Inc. has a 1-year low of $21.98 and a 1-year high of $37.55.

Riley Exploration Permian Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 24th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, July 24th. Riley Exploration Permian's payout ratio is currently 32.48%.

Insider Buying and Selling at Riley Exploration Permian

In other news, CEO Bobby Riley sold 15,000 shares of the company'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 completion of the sale, the chief executive officer owned 424,636 shares in the company, valued at $11,855,837.12. This represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders sold 25,000 shares of company stock valued at $702,600. Insiders own 4.70% of the company's stock.

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.