Royce & Associates LP Lowers Stake in Riley Exploration Permian, Inc. (NYSE:REPX)

Key Points

• Royce & Associates LP has reduced its stake in Riley Exploration Permian by 9.8%, now holding approximately 194,572 shares worth about $5.68 million.
• Several institutional investors, including Vanguard Group and Dimensional Fund Advisors, have increased their holdings in Riley Exploration Permian, with Vanguard increasing by 29.4% in the last quarter.
• The company recently announced a quarterly dividend of $0.38 per share, which translates to an annual yield of 5.70%.

Royce & Associates LP lowered its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 194,572 shares of the company's stock after selling 21,170 shares during the period. Royce & Associates LP owned about 0.90% of Riley Exploration Permian worth $5,676,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in REPX. Swiss National Bank grew its holdings in shares of Riley Exploration Permian by 13.7% during the 4th quarter. Swiss National Bank now owns 19,100 shares of the company's stock valued at $610,000 after purchasing an additional 2,300 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Riley Exploration Permian during the 4th quarter valued at $110,000. American Century Companies Inc. boosted its position in Riley Exploration Permian by 35.5% during the 4th quarter. American Century Companies Inc. now owns 385,341 shares of the company's stock valued at $12,300,000 after buying an additional 100,891 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Riley Exploration Permian during the 4th quarter valued at $77,000. Finally, Vanguard Group Inc. boosted its position in Riley Exploration Permian by 29.4% during the 4th quarter. Vanguard Group Inc. now owns 912,038 shares of the company's stock valued at $29,112,000 after buying an additional 207,319 shares during the period. Institutional investors own 58.91% of the company's stock.

Insider Activity at Riley Exploration Permian

In other news, CEO Bobby Riley sold 5,500 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $28.65, for a total value of $157,575.00. Following the completion of the sale, the chief executive officer directly owned 414,636 shares of the company's stock, valued at approximately $11,879,321.40. This trade represents a 1.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 25,000 shares of company stock valued at $702,600. Company insiders own 4.70% of the company's stock.

Riley Exploration Permian Trading Down 3.0%

REPX traded down $0.83 during trading on Wednesday, hitting $27.11. 11,961 shares of the stock traded hands, compared to its average volume of 104,341. The firm has a market capitalization of $597.04 million, a P/E ratio of 4.81 and a beta of 1.52. 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 firm has a 50-day moving average of $26.95 and a 200 day moving average of $28.71. Riley Exploration Permian, Inc. has a 12-month low of $21.98 and a 12-month high of $37.55.

Riley Exploration Permian Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 24th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $1.52 annualized dividend and a dividend yield of 5.61%. Riley Exploration Permian's dividend payout ratio is 32.48%.

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.