Ellevest Inc. Invests $267,000 in Riley Exploration Permian, Inc. (NYSE:REPX)

Ellevest Inc. bought a new stake in Riley Exploration Permian, Inc. (NYSE:REPX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,366 shares of the company’s stock, valued at approximately $267,000.

A number of other institutional investors have also recently added to or reduced their stakes in REPX. New York State Teachers Retirement System acquired a new position in shares of Riley Exploration Permian during the 4th quarter valued at $33,000. Summit Investment Advisors Inc. lifted its stake in shares of Riley Exploration Permian by 44.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company’s stock worth $38,000 after purchasing an additional 368 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Riley Exploration Permian in the fourth quarter worth about $77,000. Travelers Companies Inc. acquired a new stake in shares of Riley Exploration Permian in the fourth quarter valued at about $80,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Riley Exploration Permian during the 4th quarter valued at about $110,000. Hedge funds and other institutional investors own 58.91% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial upped their price target on Riley Exploration Permian from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, January 13th.

Riley Exploration Permian Price Performance

Shares of REPX stock opened at $26.42 on Friday. The firm has a fifty day simple moving average of $26.80 and a 200-day simple moving average of $30.67. The company has a market capitalization of $581.85 million, a PE ratio of 4.68 and a beta of 1.56. Riley Exploration Permian, Inc. has a twelve month low of $21.98 and a twelve month high of $37.55. 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 Announces Dividend

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

Insider Transactions at Riley Exploration Permian

In other news, CFO Philip A. Riley sold 1,759 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total transaction of $51,310.03. Following the completion of the transaction, the chief financial officer now directly owns 188,172 shares in the company, valued at approximately $5,488,977.24. This represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Bobby Riley sold 15,000 shares of Riley Exploration Permian stock in a transaction 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 completion of the sale, 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. Over the last ninety days, insiders have sold 24,477 shares of company stock valued at $770,589. 4.70% of the stock is currently owned by insiders.

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.