Koss Olinger Consulting LLC Has $653,000 Stake in Riley Exploration Permian, Inc. (NYSE:REPX)

Koss Olinger Consulting LLC grew its position in Riley Exploration Permian, Inc. (NYSE:REPX) by 11.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,459 shares of the company’s stock after purchasing an additional 2,133 shares during the quarter. Koss Olinger Consulting LLC owned about 0.10% of Riley Exploration Permian worth $653,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in shares of Riley Exploration Permian by 2.3% in the fourth quarter. Rhumbline Advisers now owns 16,867 shares of the company’s stock valued at $538,000 after buying an additional 380 shares during the period. SG Americas Securities LLC lifted its stake in Riley Exploration Permian by 24.7% during the fourth quarter. SG Americas Securities LLC now owns 5,100 shares of the company’s stock worth $163,000 after purchasing an additional 1,010 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Riley Exploration Permian during the fourth quarter worth $33,000. Empowered Funds LLC lifted its stake in Riley Exploration Permian by 4.8% during the fourth quarter. Empowered Funds LLC now owns 30,987 shares of the company’s stock worth $989,000 after purchasing an additional 1,421 shares during the last quarter. Finally, CWA Asset Management Group LLC lifted its stake in 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 worth $337,000 after purchasing an additional 2,125 shares during the last quarter. Institutional investors and hedge funds own 58.91% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Riley Exploration Permian

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

Riley Exploration Permian Stock Up 0.9 %

NYSE REPX opened at $29.31 on Wednesday. The business has a fifty day moving average price of $32.65 and a two-hundred day moving average price of $30.96. 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, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $37.55. The stock has a market capitalization of $630.31 million, a PE ratio of 5.20 and a beta of 1.58.

Riley Exploration Permian Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, January 23rd. This represents a $1.52 annualized dividend and a dividend yield of 5.19%. 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.