Renaissance Technologies LLC Boosts Stock Holdings in Riley Exploration Permian, Inc. (NYSE:REPX)

Renaissance Technologies LLC raised its stake in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 15.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 88,615 shares of the company's stock after buying an additional 11,915 shares during the quarter. Renaissance Technologies LLC owned approximately 0.41% of Riley Exploration Permian worth $2,829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in Riley Exploration Permian during the fourth quarter valued at about $33,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Riley Exploration Permian in the fourth quarter worth $77,000. Travelers Companies Inc. bought a new position in shares of Riley Exploration Permian in the fourth quarter worth about $80,000. Quantbot Technologies LP bought a new position in Riley Exploration Permian during the fourth quarter worth $110,000. Finally, Toth Financial Advisory Corp bought a new stake in shares of Riley Exploration Permian in the fourth quarter valued at about $115,000. 58.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Riley Exploration Permian Trading Down 3.2 %

Shares of REPX stock traded down $0.82 on Wednesday, reaching $24.68. The company had a trading volume of 79,424 shares, compared to its average volume of 112,680. The company has a 50-day moving average of $27.55 and a 200-day moving average of $30.78. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. The stock has a market cap of $531.14 million, a PE ratio of 4.38 and a beta of 1.47. Riley Exploration Permian, Inc. has a 12 month low of $21.98 and a 12 month high of $37.55.

Riley Exploration Permian Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 24th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, April 24th. This represents a $1.52 annualized dividend and a yield of 6.16%. Riley Exploration Permian's payout ratio is presently 35.68%.

Insider Transactions at Riley Exploration Permian

In related news, CFO Philip A. Riley sold 1,759 shares of Riley Exploration Permian stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total transaction of $51,310.03. Following the sale, the chief financial officer now directly owns 188,172 shares in the company, valued at $5,488,977.24. This trade represents a 0.93 % decrease in their position. The transaction 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 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 $44,834.29. Following the completion of the transaction, the insider now owns 183,700 shares in the company, valued at approximately $5,358,529. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,477 shares of company stock worth $770,589 in the last 90 days. Corporate insiders own 3.90% of the company's stock.

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.