Liberty Mutual Group Asset Management Inc. Takes Position in Riley Exploration Permian, Inc. (NYSE:REPX)

Liberty Mutual Group Asset Management Inc. purchased a new position in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,599 shares of the company's stock, valued at approximately $434,000. Riley Exploration Permian accounts for about 0.1% of Liberty Mutual Group Asset Management Inc.'s investment portfolio, making the stock its 12th largest holding. Liberty Mutual Group Asset Management Inc. owned about 0.06% of Riley Exploration Permian as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new stake in Riley Exploration Permian in the 4th quarter valued at about $33,000. Summit Investment Advisors Inc. raised its holdings in shares of Riley Exploration Permian by 44.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company's stock worth $38,000 after purchasing an additional 368 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Riley Exploration Permian during the fourth quarter valued at approximately $77,000. Travelers Companies Inc. acquired a new stake in Riley Exploration Permian in the 4th quarter valued at $80,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Riley Exploration Permian during the 4th quarter valued at about $110,000. Hedge funds and other institutional investors own 58.91% of the company's stock.

Insider Activity at Riley Exploration Permian

In other Riley Exploration Permian news, insider Corey Neil Riley sold 1,537 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total value of $44,834.29. Following the transaction, the insider now owns 183,700 shares of the company's stock, valued at approximately $5,358,529. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bobby Riley sold 2,681 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was 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 owns 439,636 shares of the company's stock, valued at approximately $12,824,182.12. The trade was a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,477 shares of company stock worth $688,839 in the last ninety days. 4.70% of the stock is owned by insiders.

Riley Exploration Permian Stock Down 3.1%

Shares of NYSE:REPX traded down $0.91 during trading on Wednesday, hitting $28.56. The company's stock had a trading volume of 64,273 shares, compared to its average volume of 109,877. Riley Exploration Permian, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $37.55. The stock's 50-day moving average price is $26.82 and its two-hundred day moving average price is $30.70. 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 company has a market capitalization of $628.98 million, a PE ratio of 5.06 and a beta of 1.56.

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 dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 5.32%. The ex-dividend date was Thursday, April 24th. Riley Exploration Permian's dividend payout ratio (DPR) is 32.48%.

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.