New York State Common Retirement Fund Has $127,000 Holdings in Riley Exploration Permian, Inc. (NYSE:REPX)

Key Points

• The New York State Common Retirement Fund reduced its holdings in Riley Exploration Permian, Inc. (NYSE: REPX) by 86.7%, selling 28,300 shares to hold only 4,344 shares valued at $127,000.
• CEO Bobby Riley sold 15,000 shares at an average price of $27.92, marking a 3.41% decrease in his ownership, while company insiders sold a total of 25,000 shares recently.
• Riley Exploration Permian announced a quarterly dividend of $0.38 per share, resulting in an annualized dividend yield of 5.70%, with the payment scheduled for August 7th.

New York State Common Retirement Fund decreased its position in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 86.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,344 shares of the company's stock after selling 28,300 shares during the quarter. New York State Common Retirement Fund's holdings in Riley Exploration Permian were worth $127,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its position in Riley Exploration Permian by 68.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,150 shares of the company's stock worth $61,000 after purchasing an additional 874 shares during the period. CWA Asset Management Group LLC lifted its position in Riley Exploration Permian by 108.1% during the first quarter. CWA Asset Management Group LLC now owns 21,940 shares of the company's stock worth $640,000 after purchasing an additional 11,395 shares during the period. Exchange Traded Concepts LLC bought a new stake in Riley Exploration Permian during the first quarter worth about $246,000. SummerHaven Investment Management LLC lifted its position 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 worth $819,000 after purchasing an additional 434 shares during the period. Finally, GAMMA Investing LLC raised its stake 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 in the last quarter. Institutional investors own 58.91% of the company's stock.

Riley Exploration Permian Price Performance

NYSE REPX traded down $0.58 during trading on Thursday, hitting $26.26. 19,611 shares of the company's stock were exchanged, compared to its average volume of 104,391. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. The company has a market cap of $578.30 million, a PE ratio of 4.67 and a beta of 1.52. Riley Exploration Permian, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $37.55. The stock's 50 day moving average price is $26.97 and its two-hundred day moving average price is $28.70.

Riley Exploration Permian Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 24th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 5.79%. The ex-dividend date of this dividend is Thursday, July 24th. Riley Exploration Permian's payout ratio is 32.48%.

Insider Buying and Selling

In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of the business's 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 25,000 shares of company stock worth $702,600 over the last three months. 4.70% of the stock is currently owned by insiders.

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.