Summit Global Investments Has $461,000 Position in Riley Exploration Permian, Inc. (NYSE:REPX)

Summit Global Investments lifted its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 62.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,432 shares of the company’s stock after buying an additional 5,533 shares during the period. Summit Global Investments’ holdings in Riley Exploration Permian were worth $461,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Koss Olinger Consulting LLC boosted its position in Riley Exploration Permian by 11.6% during the fourth quarter. Koss Olinger Consulting LLC now owns 20,459 shares of the company’s stock valued at $653,000 after purchasing an additional 2,133 shares during the last quarter. Kennondale Capital Management LLC bought a new stake in shares of Riley Exploration Permian during the 4th quarter worth approximately $1,104,000. Royce & Associates LP raised its stake in shares of Riley Exploration Permian by 4.4% during the 4th quarter. Royce & Associates LP now owns 215,742 shares of the company’s stock worth $6,886,000 after purchasing an additional 9,178 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Riley Exploration Permian by 2.2% in the 4th quarter. First Eagle Investment Management LLC now owns 287,048 shares of the company’s stock valued at $9,163,000 after buying an additional 6,100 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Riley Exploration Permian by 13.7% in the fourth quarter. Swiss National Bank now owns 19,100 shares of the company’s stock valued at $610,000 after buying an additional 2,300 shares in the last quarter. Institutional investors own 58.91% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial increased 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 note on Monday, January 13th.

Riley Exploration Permian Price Performance

Shares of NYSE REPX opened at $30.50 on Tuesday. Riley Exploration Permian, Inc. has a twelve month low of $23.14 and a twelve month high of $37.55. The company has a market cap of $655.90 million, a PE ratio of 5.41 and a beta of 1.58. The business’s 50 day moving average price is $32.40 and its two-hundred day moving average price is $31.05. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53.

Riley Exploration Permian Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 35.68%.

Insider Buying and Selling at Riley Exploration Permian

In other news, CEO Bobby Riley sold 15,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $33.37, for a total value of $500,550.00. Following the transaction, the chief executive officer now directly owns 296,375 shares of the company’s stock, valued at $9,890,033.75. This represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Corey Neil Riley sold 3,500 shares of Riley Exploration Permian stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $27.34, for a total transaction of $95,690.00. Following the sale, the insider now directly owns 125,974 shares of the company’s stock, valued at $3,444,129.16. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.

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.