Riley Exploration Permian, Inc. (NYSE:REPX) Shares Sold by Marshall Wace LLP

Marshall Wace LLP reduced its position in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 37.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,582 shares of the company's stock after selling 19,094 shares during the quarter. Marshall Wace LLP owned about 0.15% of Riley Exploration Permian worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Riley Exploration Permian by 29.4% in the 4th quarter. Vanguard Group Inc. now owns 912,038 shares of the company's stock valued at $29,112,000 after purchasing an additional 207,319 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Riley Exploration Permian by 35.5% in the fourth quarter. American Century Companies Inc. now owns 385,341 shares of the company's stock valued at $12,300,000 after buying an additional 100,891 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Riley Exploration Permian by 304.6% during the 4th quarter. Prudential Financial Inc. now owns 63,361 shares of the company's stock valued at $2,022,000 after buying an additional 47,702 shares during the period. Geode Capital Management LLC lifted its position in Riley Exploration Permian by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 237,996 shares of the company's stock worth $6,306,000 after acquiring an additional 41,020 shares in the last quarter. Finally, Kennondale Capital Management LLC acquired a new position in Riley Exploration Permian during the 4th quarter worth approximately $1,104,000. Institutional investors and hedge funds own 58.91% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial lifted their price objective 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 Stock Up 1.6 %

REPX stock traded up $0.39 during trading on Tuesday, reaching $25.35. The stock had a trading volume of 94,024 shares, compared to its average volume of 111,098. 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 firm has a fifty day moving average price of $27.01 and a 200 day moving average price of $30.71. The company has a market capitalization of $545.56 million, a P/E ratio of 4.49 and a beta of 1.56. Riley Exploration Permian, Inc. has a 1-year low of $21.98 and a 1-year high of $37.55.

Riley Exploration Permian Announces Dividend

The firm 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 $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 6.00%. The ex-dividend date is Thursday, April 24th. Riley Exploration Permian's dividend payout ratio (DPR) is 35.68%.

Insider Buying and Selling at Riley Exploration Permian

In other news, insider Corey Neil Riley sold 1,537 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $5,358,529. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Philip A. Riley sold 1,759 shares of the company's 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 sale, the chief financial officer now owns 188,172 shares in the company, valued at approximately $5,488,977.24. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,477 shares of company stock worth $770,589 in the last 90 days. 3.90% of the stock is owned by corporate insiders.

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.