27,376 Shares in Riley Exploration Permian, Inc. (NYSE:REPX) Acquired by Inspire Investing LLC

Inspire Investing LLC purchased a new stake in Riley Exploration Permian, Inc. (NYSE:REPX) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 27,376 shares of the company’s stock, valued at approximately $874,000.

Several other institutional investors have also modified their holdings of REPX. Koss Olinger Consulting LLC increased its stake in shares of Riley Exploration Permian by 2.3% during the third quarter. Koss Olinger Consulting LLC now owns 18,326 shares of the company’s stock worth $485,000 after buying an additional 409 shares during the period. SG Americas Securities LLC grew its holdings in Riley Exploration Permian by 24.7% during the 4th quarter. SG Americas Securities LLC now owns 5,100 shares of the company’s stock worth $163,000 after acquiring an additional 1,010 shares in the last quarter. Ariadne Wealth Management LP purchased a new stake in shares of Riley Exploration Permian in the 2nd quarter valued at approximately $36,000. CWM LLC raised its holdings in shares of Riley Exploration Permian by 115.9% in the 3rd quarter. CWM LLC now owns 2,677 shares of the company’s stock valued at $71,000 after purchasing an additional 1,437 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Riley Exploration Permian by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 29,566 shares of the company’s stock worth $783,000 after purchasing an additional 1,474 shares during the last quarter. Institutional investors and hedge funds own 58.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Riley Exploration Permian Price Performance

Shares of NYSE REPX opened at $35.59 on Friday. The stock’s 50-day simple moving average is $33.59 and its 200-day simple moving average is $29.87. The firm has a market capitalization of $764.47 million, a PE ratio of 6.81 and a beta of 1.46. Riley Exploration Permian, Inc. has a fifty-two week low of $21.27 and a fifty-two week high of $37.55. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $1.52 dividend on an annualized basis and a yield of 4.27%. Riley Exploration Permian’s payout ratio is currently 26.95%.

Insider Transactions at Riley Exploration Permian

In other Riley Exploration Permian news, CEO Bobby Riley sold 1,310 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $35.17, for a total transaction of $46,072.70. Following the transaction, the chief executive officer now owns 311,375 shares of the company’s stock, valued at approximately $10,951,058.75. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.90% of the company’s stock.

Riley Exploration Permian 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.