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

Victory Capital Management Inc. raised its stake in Riley Exploration Permian, Inc. (NYSE:REPX) by 10.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 43,011 shares of the company’s stock after buying an additional 3,920 shares during the period. Victory Capital Management Inc.’s holdings in Riley Exploration Permian were worth $1,373,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in Riley Exploration Permian by 2.3% in the 4th quarter. Rhumbline Advisers now owns 16,867 shares of the company’s stock valued at $538,000 after buying an additional 380 shares during the period. SG Americas Securities LLC boosted its position in Riley Exploration Permian by 24.7% in the 4th 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 period. New York State Teachers Retirement System purchased a new stake in Riley Exploration Permian in the 4th quarter valued at about $33,000. Empowered Funds LLC boosted its position in Riley Exploration Permian by 4.8% in the 4th quarter. Empowered Funds LLC now owns 30,987 shares of the company’s stock valued at $989,000 after buying an additional 1,421 shares during the period. Finally, CWA Asset Management Group LLC boosted its position in Riley Exploration Permian by 25.2% in the 4th quarter. CWA Asset Management Group LLC now owns 10,545 shares of the company’s stock valued at $337,000 after buying an additional 2,125 shares during the period. 58.91% of the stock is owned by hedge funds and other institutional investors.

Riley Exploration Permian Price Performance

Shares of REPX opened at $29.31 on Wednesday. The company has a 50 day moving average price of $32.65 and a 200-day moving average price of $30.96. Riley Exploration Permian, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $37.55. The stock has a market capitalization of $630.31 million, a PE ratio of 5.20 and a beta of 1.58. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were given a $0.38 dividend. The ex-dividend date was Thursday, January 23rd. This represents a $1.52 annualized dividend and a dividend yield of 5.19%. Riley Exploration Permian’s payout ratio is presently 35.68%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Riley Exploration Permian

In related news, insider Corey Neil Riley sold 3,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 125,974 shares in the company, valued at $3,444,129.16. The trade was a 2.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Bobby Riley sold 15,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 296,375 shares of the company’s stock, valued at approximately $9,890,033.75. This trade represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

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.