American Century Companies Inc. Has $14.14 Million 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. raised its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 25.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 484,614 shares of the company's stock after acquiring an additional 99,273 shares during the quarter. American Century Companies Inc. owned approximately 2.20% of Riley Exploration Permian worth $14,136,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in REPX. GAMMA Investing LLC grew its stake in shares of Riley Exploration Permian by 93.5% in the 1st quarter. GAMMA Investing LLC now owns 929 shares of the company's stock valued at $27,000 after buying an additional 449 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Riley Exploration Permian by 68.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,150 shares of the company's stock valued at $61,000 after buying an additional 874 shares in the last quarter. UNC Management Company Inc. bought a new stake in shares of Riley Exploration Permian in the 4th quarter valued at approximately $120,000. CWM LLC lifted its holdings in Riley Exploration Permian by 13.0% in the 1st quarter. CWM LLC now owns 4,221 shares of the company's stock worth $123,000 after purchasing an additional 486 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in Riley Exploration Permian in the 4th quarter worth approximately $158,000. Institutional investors own 58.91% of the company's stock.

Insider Activity at Riley Exploration Permian

In related news, CEO Bobby Riley sold 15,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was 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 in the company, valued at approximately $10,394,532.36. The trade was a 3.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Corey Neil Riley sold 3,500 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $26.42, for a total value of $92,470.00. Following the completion of the sale, the insider owned 176,700 shares of the company's stock, valued at approximately $4,668,414. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,500 shares of company stock valued at $766,420. Corporate insiders own 4.70% of the company's stock.

Riley Exploration Permian Stock Performance

REPX traded up $0.49 on Thursday, hitting $29.35. The company had a trading volume of 99,090 shares, compared to its average volume of 106,793. The company's fifty day moving average price is $26.98 and its 200 day moving average price is $27.61. Riley Exploration Permian, Inc. has a 1-year low of $21.98 and a 1-year high of $37.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. The stock has a market cap of $646.93 million, a price-to-earnings ratio of 5.20 and a beta of 1.49.

Riley Exploration Permian Dividend Announcement

The business 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. This represents a $1.52 annualized dividend and a yield of 5.2%. The ex-dividend date was Thursday, July 24th. Riley Exploration Permian's payout ratio is 33.55%.

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.