8,899 Shares in Riley Exploration Permian, Inc. (NYSE:REPX) Acquired by Summit Global Investments

Summit Global Investments acquired a new stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,899 shares of the company’s stock, valued at approximately $252,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Strs Ohio lifted its holdings in Riley Exploration Permian by 300.0% during the 4th quarter. Strs Ohio now owns 1,200 shares of the company’s stock valued at $32,000 after purchasing an additional 900 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Riley Exploration Permian by 92.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,004 shares of the company’s stock worth $55,000 after acquiring an additional 962 shares during the period. CWM LLC boosted its position in Riley Exploration Permian by 1,191.7% during the 2nd quarter. CWM LLC now owns 1,240 shares of the company’s stock worth $35,000 after acquiring an additional 1,144 shares during the last quarter. Navellier & Associates Inc. raised its holdings in shares of Riley Exploration Permian by 18.0% in the fourth quarter. Navellier & Associates Inc. now owns 12,322 shares of the company’s stock valued at $336,000 after purchasing an additional 1,878 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Riley Exploration Permian by 8.0% in the first quarter. Empowered Funds LLC now owns 26,112 shares of the company’s stock worth $862,000 after purchasing an additional 1,925 shares in the last quarter. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Riley Exploration Permian Stock Up 1.5 %

REPX traded up $0.39 on Wednesday, hitting $27.14. 57,742 shares of the company were exchanged, compared to its average volume of 138,582. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.58 and a current ratio of 0.63. The stock’s fifty day moving average is $27.81 and its 200-day moving average is $27.24. The company has a market cap of $585.68 million, a PE ratio of 5.47 and a beta of 1.36. Riley Exploration Permian, Inc. has a 12 month low of $21.27 and a 12 month high of $34.90.

Riley Exploration Permian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, July 25th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 5.31%. The ex-dividend date of this dividend was Thursday, July 25th. Riley Exploration Permian’s payout ratio is presently 29.27%.

Insider Activity at Riley Exploration Permian

In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $28.00, for a total transaction of $420,000.00. Following the sale, the chief executive officer now directly owns 366,658 shares of the company’s stock, valued at $10,266,424. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Riley Exploration Permian news, insider Corey Neil Riley sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $26.61, for a total value of $66,525.00. Following the sale, the insider now owns 146,837 shares in the company, valued at $3,907,332.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Bobby Riley sold 15,000 shares of Riley Exploration Permian stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the transaction, the chief executive officer now owns 366,658 shares of the company’s stock, valued at $10,266,424. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,520 shares of company stock valued at $752,756. 3.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Truist Financial lowered their price target on shares of Riley Exploration Permian from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd.

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.