JPMorgan Chase & Co. Has $1.47 Million Holdings in Riley Exploration Permian, Inc. (NYSE:REPX)

JPMorgan Chase & Co. increased its position in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 85.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,172 shares of the company's stock after acquiring an additional 21,242 shares during the quarter. JPMorgan Chase & Co. owned about 0.21% of Riley Exploration Permian worth $1,474,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers increased its stake in Riley Exploration Permian by 2.3% in the fourth quarter. Rhumbline Advisers now owns 16,867 shares of the company's stock valued at $538,000 after acquiring an additional 380 shares during the period. Hillsdale Investment Management Inc. raised its holdings in shares of Riley Exploration Permian by 2.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 20,088 shares of the company's stock worth $641,000 after buying an additional 500 shares in the last quarter. SG Americas Securities LLC boosted its stake in Riley Exploration Permian by 24.7% in the 4th quarter. SG Americas Securities LLC now owns 5,100 shares of the company's stock valued at $163,000 after buying an additional 1,010 shares in the last quarter. New York State Teachers Retirement System bought a new stake in Riley Exploration Permian in the fourth quarter valued at $33,000. Finally, Empowered Funds LLC raised its stake in Riley Exploration Permian by 4.8% during the fourth quarter. Empowered Funds LLC now owns 30,987 shares of the company's stock worth $989,000 after acquiring an additional 1,421 shares in the last quarter. Institutional investors and hedge funds own 58.91% of the company's stock.

Insider Buying and Selling

In other Riley Exploration Permian news, insider Corey Neil Riley sold 1,537 shares of the stock in a transaction 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 in the company, valued at approximately $5,358,529. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Bobby Riley sold 2,681 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total transaction of $78,204.77. Following the completion of the transaction, the chief executive officer now directly owns 439,636 shares of the company's stock, valued at $12,824,182.12. This trade represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,477 shares of company stock valued at $770,589 over the last three months. Company insiders own 3.90% of the company's stock.

Riley Exploration Permian Trading Up 3.3 %

REPX stock traded up $0.83 during midday trading on Thursday, reaching $25.51. The company's stock had a trading volume of 14,693 shares, compared to its average volume of 112,293. The business's 50-day simple moving average is $27.55 and its 200-day simple moving average is $30.78. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53. Riley Exploration Permian, Inc. has a 52 week low of $21.98 and a 52 week high of $37.55. The stock has a market cap of $548.91 million, a PE ratio of 4.52 and a beta of 1.47.

Riley Exploration Permian Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 24th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.96%. Riley Exploration Permian's dividend payout ratio (DPR) is presently 35.68%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial raised their target price on Riley Exploration Permian from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Monday, January 13th.

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.