Ethic Inc. Buys 2,571 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

Ethic Inc. lifted its stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 37.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,438 shares of the company’s stock after acquiring an additional 2,571 shares during the period. Ethic Inc.’s holdings in Riley Exploration Permian were worth $301,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in REPX. Vanguard Group Inc. raised its position in Riley Exploration Permian by 29.4% during the fourth 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. Jackson Hole Capital Partners LLC increased its position in shares of Riley Exploration Permian by 1.2% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 394,796 shares of the company’s stock valued at $12,602,000 after purchasing an additional 4,788 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Riley Exploration Permian by 35.5% during the 4th 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. Dimensional Fund Advisors LP raised its holdings in shares of Riley Exploration Permian by 50.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company’s stock valued at $9,691,000 after buying an additional 101,309 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in Riley Exploration Permian by 2.2% in the 4th quarter. First Eagle Investment Management LLC now owns 287,048 shares of the company’s stock worth $9,163,000 after buying an additional 6,100 shares during the last quarter. 58.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Bobby Riley sold 2,681 shares of Riley Exploration Permian stock in a transaction 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 transaction, the chief executive officer now directly owns 439,636 shares of the company’s stock, valued at $12,824,182.12. The trade was a 0.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Corey Neil Riley sold 3,500 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $27.34, for a total transaction of $95,690.00. Following the sale, the insider now directly owns 125,974 shares of the company’s stock, valued at $3,444,129.16. The trade was a 2.70% 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 $688,839 in the last 90 days. 4.70% of the stock is owned by company insiders.

Riley Exploration Permian Stock Down 0.0%

Shares of REPX opened at $27.74 on Friday. The firm has a market cap of $610.92 million, a P/E ratio of 4.92 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. The stock has a 50 day simple moving average of $26.85 and a two-hundred day simple moving average of $30.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64.

Riley Exploration Permian Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Thursday, April 24th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend was Thursday, April 24th. Riley Exploration Permian’s dividend 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.