Dimensional Fund Advisors LP Purchases 36,624 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

Dimensional Fund Advisors LP lifted its position in Riley Exploration Permian, Inc. (NYSE:REPX) by 74.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 85,970 shares of the company’s stock after buying an additional 36,624 shares during the period. Dimensional Fund Advisors LP owned about 0.40% of Riley Exploration Permian worth $2,411,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in REPX. Quest Partners LLC increased its holdings in Riley Exploration Permian by 38.6% in the 2nd quarter. Quest Partners LLC now owns 3,815 shares of the company’s stock worth $108,000 after buying an additional 1,062 shares in the last quarter. CWM LLC grew its stake in shares of Riley Exploration Permian by 1,191.7% in the second quarter. CWM LLC now owns 1,240 shares of the company’s stock worth $35,000 after acquiring an additional 1,144 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Riley Exploration Permian during the second quarter valued at approximately $39,000. Empowered Funds LLC lifted its position in Riley Exploration Permian by 8.0% during the first quarter. Empowered Funds LLC now owns 26,112 shares of the company’s stock valued at $862,000 after purchasing an additional 1,925 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in Riley Exploration Permian by 785.9% during the first quarter. Russell Investments Group Ltd. now owns 4,571 shares of the company’s stock valued at $151,000 after purchasing an additional 4,055 shares during the period. Hedge funds and other institutional investors own 58.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial decreased their target price on shares of Riley Exploration Permian from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, September 30th.

Insider Activity at Riley Exploration Permian

In related news, CEO Bobby Riley sold 6,302 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $26.52, for a total transaction of $167,129.04. Following the completion of the transaction, the chief executive officer now directly owns 335,356 shares in the company, valued at approximately $8,893,641.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.90% of the stock is owned by company insiders.

Riley Exploration Permian Stock Up 4.0 %

REPX stock opened at $29.70 on Friday. The company has a market cap of $640.93 million, a price-to-earnings ratio of 6.11 and a beta of 1.33. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.58 and a current ratio of 0.63. The business’s 50-day moving average is $26.96 and its two-hundred day moving average is $27.73. Riley Exploration Permian, Inc. has a fifty-two week low of $21.27 and a fifty-two week high of $34.90.

Riley Exploration Permian (NYSE:REPX) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.13). Riley Exploration Permian had a return on equity of 25.74% and a net margin of 23.95%. The business had revenue of $105.40 million during the quarter, compared to the consensus estimate of $106.62 million. As a group, analysts forecast that Riley Exploration Permian, Inc. will post 6.64 earnings per share for the current year.

Riley Exploration Permian Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Thursday, October 24th will be issued a $0.38 dividend. This is a boost from Riley Exploration Permian’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date is Thursday, October 24th. Riley Exploration Permian’s dividend payout ratio (DPR) is currently 29.63%.

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.