Two Sigma Investments LP Sells 38,681 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

Two Sigma Investments LP reduced its position in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 42.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,422 shares of the company's stock after selling 38,681 shares during the quarter. Two Sigma Investments LP owned approximately 0.24% of Riley Exploration Permian worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its stake in shares of Riley Exploration Permian by 44.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company's stock valued at $38,000 after purchasing an additional 368 shares during the period. Rhumbline Advisers increased its position in shares of Riley Exploration Permian by 2.3% during the fourth quarter. Rhumbline Advisers now owns 16,867 shares of the company's stock valued at $538,000 after buying an additional 380 shares during the period. Hillsdale Investment Management Inc. increased its position in shares of Riley Exploration Permian by 2.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 20,088 shares of the company's stock valued at $641,000 after buying an additional 500 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Riley Exploration Permian by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 238,601 shares of the company's stock worth $7,617,000 after buying an additional 605 shares in the last quarter. Finally, Brandywine Global Investment Management LLC boosted its position in shares of Riley Exploration Permian by 1.5% in the fourth quarter. Brandywine Global Investment Management LLC now owns 65,680 shares of the company's stock valued at $2,097,000 after acquiring an additional 980 shares during the period. Hedge funds and other institutional investors own 58.91% of the company's stock.

Riley Exploration Permian Price Performance

NYSE:REPX traded up $0.25 during mid-day trading on Thursday, hitting $26.66. 46,688 shares of the stock traded hands, compared to its average volume of 96,670. The business's 50-day moving average price is $26.02 and its 200 day moving average price is $30.30. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53. The company has a market cap of $587.13 million, a PE ratio of 4.73 and a beta of 1.54. 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 company also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Thursday, April 24th were issued a $0.38 dividend. The ex-dividend date was Thursday, April 24th. This represents a $1.52 annualized dividend and a dividend yield of 5.70%. Riley Exploration Permian's payout ratio is currently 32.48%.

Insider Buying and Selling

In related news, insider Corey Neil Riley sold 1,537 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total value of $44,834.29. Following the sale, the insider now directly owns 183,700 shares of the company's stock, valued at $5,358,529. This trade represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Philip A. Riley sold 1,759 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total transaction of $51,310.03. Following the completion of the transaction, the chief financial officer now directly owns 188,172 shares of the company's stock, valued at approximately $5,488,977.24. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,477 shares of company stock worth $688,839. Corporate 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.