RBF Capital LLC Lowers Stock Holdings in Riley Exploration Permian, Inc. (NYSE:REPX)

RBF Capital LLC reduced its position in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 40.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,000 shares of the company's stock after selling 10,000 shares during the quarter. RBF Capital LLC owned 0.07% of Riley Exploration Permian worth $479,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in shares of Riley Exploration Permian during the 4th quarter valued at $33,000. Summit Investment Advisors Inc. raised its position 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. KLP Kapitalforvaltning AS bought a new stake in shares of Riley Exploration Permian during the 4th quarter valued at $77,000. Travelers Companies Inc. bought a new stake in shares of Riley Exploration Permian during the 4th quarter valued at $80,000. Finally, Quantbot Technologies LP bought a new stake in Riley Exploration Permian in the 4th quarter valued at $110,000. 58.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Riley Exploration Permian Price Performance

Shares of NYSE:REPX traded down $0.10 on Tuesday, reaching $25.53. The company's stock had a trading volume of 16,070 shares, compared to its average volume of 113,023. Riley Exploration Permian, Inc. has a 52-week low of $21.98 and a 52-week high of $37.55. The company has a market cap of $549.43 million, a P/E ratio of 4.51 and a beta of 1.47. The company has a 50-day simple moving average of $27.92 and a 200 day simple moving average of $30.86. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70.

Riley Exploration Permian Announces Dividend

The company also recently declared 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 5.95%. Riley Exploration Permian's dividend payout ratio is presently 35.68%.

Insider Buying and Selling

In related news, CFO Philip A. Riley sold 1,759 shares of Riley Exploration Permian stock in a transaction dated Tuesday, April 1st. The shares were 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. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bobby Riley sold 2,681 shares of Riley Exploration Permian 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 transaction, the chief executive officer now directly owns 439,636 shares of the company's stock, valued at approximately $12,824,182.12. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,477 shares of company stock valued at $770,589. Company insiders own 3.90% of the company's stock.

Riley Exploration Permian Company 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.