Riley Exploration Permian, Inc. (NYSE:REPX) Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 16.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,187 shares of the company's stock after buying an additional 9,864 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.33% of Riley Exploration Permian worth $2,047,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in REPX. Victory Capital Management Inc. boosted its stake in shares of Riley Exploration Permian by 4.9% during the 1st quarter. Victory Capital Management Inc. now owns 45,122 shares of the company's stock worth $1,316,000 after acquiring an additional 2,111 shares in the last quarter. CWM LLC boosted its stake in shares of Riley Exploration Permian by 13.0% during the 1st quarter. CWM LLC now owns 4,221 shares of the company's stock worth $123,000 after acquiring an additional 486 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Riley Exploration Permian by 68.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,150 shares of the company's stock worth $61,000 after acquiring an additional 874 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Riley Exploration Permian by 108.1% during the 1st quarter. CWA Asset Management Group LLC now owns 21,940 shares of the company's stock worth $640,000 after acquiring an additional 11,395 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Riley Exploration Permian during the 1st quarter worth approximately $246,000. Hedge funds and other institutional investors own 58.91% of the company's stock.

Insider Transactions at Riley Exploration Permian

In related news, CEO Bobby Riley sold 5,500 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $28.65, for a total value of $157,575.00. Following the sale, the chief executive officer owned 414,636 shares of the company's stock, valued at approximately $11,879,321.40. This represents a 1.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 25,000 shares of company stock valued at $702,600. 4.70% of the stock is currently owned by corporate insiders.

Riley Exploration Permian Price Performance

Shares of NYSE:REPX traded up $0.28 during trading on Tuesday, hitting $26.68. 114,620 shares of the stock were exchanged, compared to its average volume of 101,698. The company has a fifty day moving average price of $27.03 and a two-hundred day moving average price of $28.93. The company has a market cap of $587.57 million, a PE ratio of 4.73 and a beta of 1.52. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. 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. Investors of record on Thursday, July 24th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date of this dividend is Thursday, July 24th. Riley Exploration Permian's payout ratio is currently 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.