Dimensional Fund Advisors LP Increases Stock Holdings in Riley Exploration Permian, Inc. (NYSE:REPX)

Dimensional Fund Advisors LP grew its stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 50.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 303,143 shares of the company's stock after buying an additional 101,309 shares during the period. Dimensional Fund Advisors LP owned 1.41% of Riley Exploration Permian worth $9,691,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Riley Exploration Permian by 29.4% in the fourth quarter. Vanguard Group Inc. now owns 912,038 shares of the company's stock worth $29,112,000 after purchasing an additional 207,319 shares during the last quarter. American Century Companies Inc. increased its position 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 worth $12,300,000 after purchasing an additional 100,891 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Riley Exploration Permian by 304.6% in the fourth quarter. Prudential Financial Inc. now owns 63,361 shares of the company's stock worth $2,022,000 after purchasing an additional 47,702 shares during the last quarter. Kennondale Capital Management LLC bought a new position in shares of Riley Exploration Permian in the fourth quarter worth approximately $1,104,000. Finally, Inspire Investing LLC bought a new position in shares of Riley Exploration Permian in the fourth quarter worth approximately $874,000. 58.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Riley Exploration Permian

In other news, insider Corey Neil Riley sold 3,500 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $27.34, for a total transaction of $95,690.00. Following the completion of the sale, the insider now owns 125,974 shares of the company's stock, valued at approximately $3,444,129.16. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Bobby Riley sold 2,681 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total value of $78,204.77. Following the sale, the chief executive officer now directly owns 439,636 shares of the company's stock, valued at approximately $12,824,182.12. This trade represents a 0.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,477 shares of company stock worth $688,839 over the last ninety days. Insiders own 4.70% of the company's stock.

Riley Exploration Permian Price Performance

NYSE REPX traded down $0.91 on Wednesday, reaching $28.56. 64,273 shares of the company's stock traded hands, compared to its average volume of 110,157. Riley Exploration Permian, Inc. has a 12 month low of $21.98 and a 12 month high of $37.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. The stock has a 50-day simple moving average of $26.82 and a 200 day simple moving average of $30.70. The stock has a market cap of $628.98 million, a PE ratio of 5.06 and a beta of 1.56.

Riley Exploration Permian Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Thursday, April 24th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend was Thursday, April 24th. Riley Exploration Permian's payout ratio is currently 32.48%.

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.