UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stake in Riley Exploration Permian, Inc. (NYSE:REPX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 76.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,632 shares of the company's stock after selling 37,399 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.05% of Riley Exploration Permian worth $371,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of REPX. Vanguard Group Inc. increased its position in Riley Exploration Permian by 29.4% in the fourth quarter. Vanguard Group Inc. now owns 912,038 shares of the company's stock worth $29,112,000 after purchasing an additional 207,319 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Riley Exploration Permian by 50.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company's stock worth $9,691,000 after purchasing an additional 101,309 shares during the last quarter. American Century Companies Inc. increased its position in Riley Exploration Permian by 35.5% in the fourth quarter. American Century Companies Inc. now owns 385,341 shares of the company's stock worth $12,300,000 after purchasing an additional 100,891 shares during the last quarter. Prudential Financial Inc. increased its position in Riley Exploration Permian by 304.6% in the fourth quarter. Prudential Financial Inc. now owns 63,361 shares of the company's stock worth $2,022,000 after purchasing an additional 47,702 shares during the last quarter. Finally, Kennondale Capital Management LLC bought a new stake in Riley Exploration Permian in the fourth quarter worth $1,104,000. Institutional investors own 58.91% of the company's stock.

Insider Activity

In related news, CEO Bobby Riley sold 2,681 shares of the company'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 value of $78,204.77. Following the sale, the chief executive officer now owns 439,636 shares in the company, valued at $12,824,182.12. This represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Corey Neil Riley sold 1,537 shares of the company'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 completion of the sale, the insider now owns 183,700 shares in the company, valued at approximately $5,358,529. This represents a 0.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,977 shares of company stock worth $593,149 over the last 90 days. 4.70% of the stock is currently owned by corporate insiders.

Riley Exploration Permian Trading Up 0.5%

NYSE REPX traded up $0.13 on Friday, hitting $28.44. 127,608 shares of the stock were exchanged, compared to its average volume of 104,005. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. The stock has a fifty day moving average price of $26.12 and a two-hundred day moving average price of $29.89. The firm has a market capitalization of $626.33 million, a P/E ratio of 5.04 and a beta of 1.54. Riley Exploration Permian, Inc. has a 52-week low of $21.98 and a 52-week high of $37.55.

Riley Exploration Permian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Thursday, April 24th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, April 24th. This represents a $1.52 annualized dividend and a dividend yield of 5.34%. Riley Exploration Permian's dividend payout ratio (DPR) 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.