Hillsdale Investment Management Inc. Increases Stake in Riley Exploration Permian, Inc. (NYSE:REPX)

Hillsdale Investment Management Inc. grew its position in Riley Exploration Permian, Inc. (NYSE:REPX) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,088 shares of the company’s stock after acquiring an additional 500 shares during the period. Hillsdale Investment Management Inc. owned about 0.09% of Riley Exploration Permian worth $641,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Riley Exploration Permian by 35.5% in the fourth quarter. American Century Companies Inc. now owns 385,341 shares of the company’s stock valued at $12,300,000 after buying an additional 100,891 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Riley Exploration Permian in the fourth quarter valued at $110,000. Summit Global Investments boosted its position in shares of Riley Exploration Permian by 62.2% during the 4th quarter. Summit Global Investments now owns 14,432 shares of the company’s stock worth $461,000 after purchasing an additional 5,533 shares in the last quarter. Koss Olinger Consulting LLC grew its stake in shares of Riley Exploration Permian by 11.6% during the 4th quarter. Koss Olinger Consulting LLC now owns 20,459 shares of the company’s stock worth $653,000 after purchasing an additional 2,133 shares during the period. Finally, Kennondale Capital Management LLC purchased a new position in shares of Riley Exploration Permian in the 4th quarter valued at about $1,104,000. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Riley Exploration Permian

In other news, insider Corey Neil Riley sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $27.34, for a total transaction of $95,690.00. Following the completion of the transaction, the insider now directly owns 125,974 shares of the company’s stock, valued at $3,444,129.16. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Bobby Riley sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $33.37, for a total value of $500,550.00. Following the completion of the sale, the chief executive officer now directly owns 296,375 shares in the company, valued at approximately $9,890,033.75. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

Riley Exploration Permian Stock Performance

NYSE REPX opened at $30.50 on Tuesday. The business has a 50 day moving average price of $32.40 and a 200 day moving average price of $31.05. The company has a market capitalization of $655.90 million, a P/E ratio of 5.41 and a beta of 1.58. Riley Exploration Permian, Inc. has a 1-year low of $23.14 and a 1-year high of $37.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64.

Riley Exploration Permian Dividend Announcement

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

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.