Travelers Companies Inc. Takes $80,000 Position in Riley Exploration Permian, Inc. (NYSE:REPX)

Travelers Companies Inc. bought a new position in shares of Riley Exploration Permian, Inc. (NYSE:REPX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,501 shares of the company’s stock, valued at approximately $80,000. Riley Exploration Permian comprises approximately 0.1% of Travelers Companies Inc.’s investment portfolio, making the stock its 3rd biggest position.

Other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in Riley Exploration Permian by 2.3% in the 4th quarter. Rhumbline Advisers now owns 16,867 shares of the company’s stock valued at $538,000 after purchasing an additional 380 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Riley Exploration Permian by 24.7% in the fourth quarter. SG Americas Securities LLC now owns 5,100 shares of the company’s stock valued at $163,000 after purchasing an additional 1,010 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of Riley Exploration Permian in the fourth quarter valued at approximately $33,000. Empowered Funds LLC increased its position in shares of Riley Exploration Permian by 4.8% during the fourth quarter. Empowered Funds LLC now owns 30,987 shares of the company’s stock valued at $989,000 after acquiring an additional 1,421 shares during the last quarter. Finally, CWA Asset Management Group LLC increased its position in shares of Riley Exploration Permian by 25.2% during the fourth quarter. CWA Asset Management Group LLC now owns 10,545 shares of the company’s stock valued at $337,000 after acquiring an additional 2,125 shares during the last quarter. Institutional investors and hedge funds own 58.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $33.37, for a total transaction of $500,550.00. Following the sale, the chief executive officer now directly owns 296,375 shares of the company’s stock, valued at $9,890,033.75. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.90% of the company’s stock.

Riley Exploration Permian Stock Down 4.8 %

REPX stock opened at $26.92 on Tuesday. Riley Exploration Permian, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $37.55. The business’s 50 day moving average price is $33.18 and its two-hundred day moving average price is $30.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. The company has a market capitalization of $578.91 million, a price-to-earnings ratio of 4.77 and a beta of 1.58.

Riley Exploration Permian Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $1.52 annualized dividend and a yield of 5.65%. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 35.68%.

Riley Exploration Permian Company 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.