60,096 Shares in Riley Exploration Permian, Inc. (NYSE:REPX) Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC acquired a new position in Riley Exploration Permian, Inc. (NYSE:REPX) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 60,096 shares of the company’s stock, valued at approximately $1,592,000.

Several other institutional investors have also added to or reduced their stakes in REPX. CWM LLC raised its holdings 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 buying an additional 1,144 shares during the period. Ariadne Wealth Management LP purchased a new stake in Riley Exploration Permian in the second quarter worth $36,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Riley Exploration Permian during the second quarter worth $39,000. Copeland Capital Management LLC purchased a new stake in shares of Riley Exploration Permian during the third quarter valued at $48,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Riley Exploration Permian during the second quarter valued at $51,000. Institutional investors own 58.91% of the company’s stock.

Insider Activity

In related news, CEO Bobby Riley sold 6,302 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $26.52, for a total value of $167,129.04. Following the completion of the sale, the chief executive officer now directly owns 335,356 shares of the company’s stock, valued at $8,893,641.12. This represents a 1.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

Riley Exploration Permian Stock Up 2.8 %

Shares of NYSE REPX opened at $36.88 on Friday. Riley Exploration Permian, Inc. has a 52-week low of $21.27 and a 52-week high of $36.92. The firm has a market capitalization of $792.29 million, a price-to-earnings ratio of 6.54 and a beta of 1.34. The stock has a 50 day moving average price of $29.17 and a 200 day moving average price of $28.01. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 24th were given a dividend of $0.38 per share. This is an increase from Riley Exploration Permian’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.12%. Riley Exploration Permian’s dividend payout ratio is presently 26.95%.

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.