13,599 Shares in Riley Exploration Permian, Inc. (NYSE:REPX) Acquired by Liberty Mutual Group Asset Management Inc.

Liberty Mutual Group Asset Management Inc. acquired a new position in shares of Riley Exploration Permian, Inc. (NYSE:REPX) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 13,599 shares of the company’s stock, valued at approximately $434,000. Riley Exploration Permian accounts for 0.1% of Liberty Mutual Group Asset Management Inc.’s holdings, making the stock its 12th largest holding.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC boosted its position in Riley Exploration Permian by 167.2% in the 3rd 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 period. Hamilton Lane Advisors LLC purchased a new position in Riley Exploration Permian in the 4th quarter valued at approximately $254,000. 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. Inspire Investing LLC purchased a new position in Riley Exploration Permian in the 4th quarter valued at approximately $874,000. Finally, Toth Financial Advisory Corp purchased a new position in Riley Exploration Permian in the 4th quarter valued at approximately $115,000. Hedge funds and other institutional investors own 58.91% of the company’s stock.

Insider Activity

In other news, insider Corey Neil Riley sold 1,537 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total value of $44,834.29. Following the sale, the insider now directly owns 183,700 shares in the company, valued at approximately $5,358,529. This trade represents a 0.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bobby Riley sold 2,681 shares of Riley Exploration Permian stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total transaction of $78,204.77. Following the sale, the chief executive officer now owns 439,636 shares in the company, valued at $12,824,182.12. This represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,477 shares of company stock worth $270,039. 4.70% of the stock is currently owned by corporate insiders.

Riley Exploration Permian Price Performance

Shares of REPX opened at $26.42 on Monday. Riley Exploration Permian, Inc. has a twelve month low of $21.98 and a twelve month high of $37.55. The firm’s fifty day simple moving average is $26.80 and its 200-day simple moving average is $30.70. The firm has a market capitalization of $581.85 million, a price-to-earnings ratio of 4.68 and a beta of 1.56. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53.

Riley Exploration Permian Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Thursday, April 24th were issued a $0.38 dividend. The ex-dividend date was Thursday, April 24th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.75%. Riley Exploration Permian’s payout ratio is 32.48%.

Analysts Set New Price Targets

Separately, Truist Financial raised their price target 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.

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.