Riley Exploration Permian, Inc. (NYSE:REPX) Stake Raised by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 20.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,031 shares of the company’s stock after purchasing an additional 8,278 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Riley Exploration Permian were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in REPX. CWM LLC lifted its stake in Riley Exploration Permian by 1,191.7% during the second quarter. CWM LLC now owns 1,240 shares of the company’s stock valued at $35,000 after purchasing an additional 1,144 shares during the last quarter. Ariadne Wealth Management LP acquired a new stake in shares of Riley Exploration Permian during the 2nd quarter valued at $36,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Riley Exploration Permian during the 2nd quarter valued at $39,000. Copeland Capital Management LLC bought a new stake in shares of Riley Exploration Permian during the 3rd quarter worth $48,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Riley Exploration Permian in the 2nd quarter worth $51,000. Institutional investors and hedge funds own 58.91% of the company’s stock.

Riley Exploration Permian Stock Performance

Shares of REPX opened at $32.18 on Wednesday. The company has a 50-day moving average of $31.20 and a two-hundred day moving average of $28.82. The stock has a market cap of $691.23 million, a price-to-earnings ratio of 5.60 and a beta of 1.42. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. Riley Exploration Permian, Inc. has a one year low of $21.27 and a one year high of $37.15.

Riley Exploration Permian Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 24th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.72%. This is a boost from Riley Exploration Permian’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, October 24th. Riley Exploration Permian’s payout ratio is presently 26.95%.

Insider Buying and Selling at Riley Exploration Permian

In other Riley Exploration Permian news, CEO Bobby Riley sold 6,302 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $26.52, for a total value of $167,129.04. Following the transaction, the chief executive officer now owns 335,356 shares in the company, valued at approximately $8,893,641.12. This represents a 1.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 21,229 shares of company stock valued at $614,249 in the last three months. 3.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

About Riley Exploration Permian

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.