Riley Exploration Permian, Inc. (NYSE:REPX) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 22.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,237 shares of the company’s stock after selling 13,109 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.22% of Riley Exploration Permian worth $1,476,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in REPX. New York State Teachers Retirement System bought a new stake in shares of Riley Exploration Permian in the 4th quarter worth about $33,000. Toth Financial Advisory Corp bought a new stake in Riley Exploration Permian in the fourth quarter valued at about $115,000. SG Americas Securities LLC increased its holdings in Riley Exploration Permian by 24.7% in the fourth quarter. SG Americas Securities LLC now owns 5,100 shares of the company’s stock valued at $163,000 after buying an additional 1,010 shares during the last quarter. Hamilton Lane Advisors LLC bought a new position in Riley Exploration Permian during the 4th quarter worth approximately $254,000. Finally, CWA Asset Management Group LLC bought a new position in Riley Exploration Permian during the 3rd quarter worth approximately $223,000. 58.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Bobby Riley sold 15,000 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $33.37, for a total transaction of $500,550.00. Following the completion of the transaction, the chief executive officer now directly owns 296,375 shares in the company, valued at $9,890,033.75. This represents a 4.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Truist Financial upped their price target on Riley Exploration Permian from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, January 13th.

Riley Exploration Permian Stock Up 0.4 %

Shares of NYSE:REPX opened at $31.56 on Friday. The company’s fifty day moving average is $33.53 and its two-hundred day moving average is $30.88. 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, Inc. has a 1-year low of $23.14 and a 1-year high of $37.55. The stock has a market capitalization of $678.00 million, a price-to-earnings ratio of 5.60 and a beta of 1.47.

Riley Exploration Permian Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian’s dividend payout ratio is presently 26.95%.

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.