Goldman Sachs Group Inc. Has $1.13 Million Stock Holdings in Riley Exploration Permian, Inc. $REPX

Key Points

• Goldman Sachs reduced its stake in Riley Exploration Permian by 31.7% in the first quarter, selling 18,076 shares and now owning 38,857 shares valued at approximately $1.13 million.
• Several institutional investors, including GAMMA Investing LLC and American Century Companies Inc., have significantly increased their positions in Riley Exploration Permian, indicating growing interest in the company.
• The company recently announced a quarterly dividend of $0.38 per share, equating to an annualized yield of 5.7%, reflecting its commitment to returning value to shareholders.

Goldman Sachs Group Inc. lessened its holdings in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 31.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,857 shares of the company's stock after selling 18,076 shares during the period. Goldman Sachs Group Inc. owned about 0.18% of Riley Exploration Permian worth $1,133,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in Riley Exploration Permian by 25.8% in the first quarter. American Century Companies Inc. now owns 484,614 shares of the company's stock valued at $14,136,000 after purchasing an additional 99,273 shares during the period. Brandywine Global Investment Management LLC raised its holdings in shares of Riley Exploration Permian by 19.2% during the 1st quarter. Brandywine Global Investment Management LLC now owns 78,300 shares of the company's stock valued at $2,284,000 after buying an additional 12,620 shares during the period. Segall Bryant & Hamill LLC raised its holdings in shares of Riley Exploration Permian by 16.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 70,187 shares of the company's stock valued at $2,047,000 after buying an additional 9,864 shares during the period. Victory Capital Management Inc. raised its stake in shares of Riley Exploration Permian by 4.9% in the 1st quarter. Victory Capital Management Inc. now owns 45,122 shares of the company's stock valued at $1,316,000 after purchasing an additional 2,111 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Riley Exploration Permian in the 1st quarter valued at about $926,000. 58.91% of the stock is owned by hedge funds and other institutional investors.

Riley Exploration Permian Stock Up 1.7%

Shares of Riley Exploration Permian stock traded up $0.46 during trading on Monday, reaching $27.10. The company had a trading volume of 86,768 shares, compared to its average volume of 106,706. Riley Exploration Permian, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $37.55. 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 company has a market cap of $597.34 million, a price-to-earnings ratio of 4.80 and a beta of 1.28. The firm's fifty day moving average is $27.31 and its 200-day moving average is $27.06.

Riley Exploration Permian Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Shareholders of record on Thursday, July 24th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Thursday, July 24th. Riley Exploration Permian's dividend payout ratio (DPR) is presently 33.55%.

Insider Buying and Selling at Riley Exploration Permian

In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $26.01, for a total value of $390,150.00. Following the completion of the sale, the chief executive officer directly owned 399,636 shares of the company's stock, valued at approximately $10,394,532.36. This represents a 3.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Corey Neil Riley sold 3,500 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $26.42, for a total transaction of $92,470.00. Following the completion of the sale, the insider directly owned 176,700 shares of the company's stock, valued at $4,668,414. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.