American Century Companies Inc. Has $14.14 Million Stock Holdings in Riley Exploration Permian, Inc. $REPX

Key Points

• American Century Companies Inc. increased its stake in Riley Exploration Permian by 25.8%, now owning 2.20% of the company valued at approximately $14.14 million.
• Insider transactions included CEO Bobby Riley selling 15,000 shares and Corey Neil Riley selling 3,500 shares, resulting in decreases of 3.62% and 1.94% in their respective holdings.
• Riley Exploration Permian recently announced a quarterly dividend of $0.38 per share, representing an annualized yield of 5.3% and a payout ratio of 33.55%.

American Century Companies Inc. boosted its stake in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 25.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 484,614 shares of the company's stock after purchasing an additional 99,273 shares during the period. American Century Companies Inc. owned about 2.20% of Riley Exploration Permian worth $14,136,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of REPX. GAMMA Investing LLC increased its holdings in Riley Exploration Permian by 93.5% in the first quarter. GAMMA Investing LLC now owns 929 shares of the company's stock valued at $27,000 after purchasing an additional 449 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in Riley Exploration Permian by 68.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,150 shares of the company's stock valued at $61,000 after purchasing an additional 874 shares during the period. UNC Management Company Inc. acquired a new stake in Riley Exploration Permian in the fourth quarter valued at $120,000. CWM LLC increased its holdings in Riley Exploration Permian by 13.0% in the first quarter. CWM LLC now owns 4,221 shares of the company's stock valued at $123,000 after purchasing an additional 486 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in Riley Exploration Permian in the fourth quarter valued at $158,000. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Riley Exploration Permian Trading Down 0.3%

NYSE REPX traded down $0.09 on Friday, reaching $29.26. The company had a trading volume of 90,598 shares, compared to its average volume of 106,694. The firm has a market cap of $644.95 million, a price-to-earnings ratio of 5.19 and a beta of 1.49. Riley Exploration Permian, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $37.55. The business has a 50 day moving average of $27.00 and a two-hundred day moving average of $27.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64.

Riley Exploration Permian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Investors of record on Thursday, July 24th were issued a $0.38 dividend. The ex-dividend date was Thursday, July 24th. This represents a $1.52 annualized dividend and a yield of 5.2%. Riley Exploration Permian's payout ratio is presently 33.55%.

Insider Buying and Selling at Riley Exploration Permian

In related news, insider Corey Neil Riley sold 3,500 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $26.42, for a total value of $92,470.00. Following the transaction, the insider owned 176,700 shares in the company, valued at $4,668,414. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bobby Riley sold 15,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $26.01, for a total transaction of $390,150.00. Following the completion of the transaction, the chief executive officer owned 399,636 shares in the company, valued at approximately $10,394,532.36. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,500 shares of company stock worth $766,420. 4.70% of the stock is owned by company insiders.

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.