Geode Capital Management LLC Grows Stock Holdings in Riley Exploration Permian, Inc. (NYSE:REPX)

Geode Capital Management LLC lifted its position in Riley Exploration Permian, Inc. (NYSE:REPX) by 20.8% during the third quarter, Holdings Channel reports. The institutional investor owned 237,996 shares of the company’s stock after buying an additional 41,020 shares during the quarter. Geode Capital Management LLC’s holdings in Riley Exploration Permian were worth $6,306,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of REPX. Barclays PLC raised its stake in Riley Exploration Permian by 167.2% in the third quarter. Barclays PLC now owns 17,574 shares of the company’s stock valued at $464,000 after buying an additional 10,997 shares during the last quarter. State Street Corp increased its holdings in shares of Riley Exploration Permian by 2.5% during the third quarter. State Street Corp now owns 200,881 shares of the company’s stock valued at $5,321,000 after acquiring an additional 4,927 shares in the last quarter. ClearAlpha Technologies LP purchased a new position in shares of Riley Exploration Permian in the 3rd quarter valued at approximately $250,000. PDT Partners LLC boosted its stake in Riley Exploration Permian by 86.7% in the 3rd quarter. PDT Partners LLC now owns 29,346 shares of the company’s stock worth $777,000 after purchasing an additional 13,627 shares in the last quarter. Finally, Martingale Asset Management L P grew its position in Riley Exploration Permian by 292.1% during the 3rd quarter. Martingale Asset Management L P now owns 28,621 shares of the company’s stock worth $758,000 after purchasing an additional 21,321 shares during the last quarter. Institutional investors own 58.91% of the company’s stock.

Insiders Place Their Bets

In other Riley Exploration Permian news, CEO Bobby Riley sold 1,310 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $35.17, for a total value of $46,072.70. Following the completion of the transaction, the chief executive officer now directly owns 311,375 shares of the company’s stock, valued at approximately $10,951,058.75. The trade was a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Truist Financial raised their price target on shares of Riley Exploration Permian from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, November 14th.

Riley Exploration Permian Stock Down 0.4 %

Riley Exploration Permian stock opened at $33.26 on Friday. The business’s 50-day simple moving average is $32.14 and its two-hundred day simple moving average is $29.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. The company has a market cap of $714.52 million, a PE ratio of 5.90 and a beta of 1.42. Riley Exploration Permian, Inc. has a fifty-two week low of $21.27 and a fifty-two week high of $37.15.

Riley Exploration Permian Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Thursday, October 24th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend was Thursday, October 24th. This is an increase from Riley Exploration Permian’s previous quarterly dividend of $0.36. Riley Exploration Permian’s dividend payout ratio is 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.