Barclays PLC boosted its position in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 167.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,574 shares of the company's stock after buying an additional 10,997 shares during the period. Barclays PLC owned approximately 0.08% of Riley Exploration Permian worth $464,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the company. Ariadne Wealth Management LP bought a new stake in shares of Riley Exploration Permian in the 2nd quarter valued at $36,000. Copeland Capital Management LLC acquired a new stake in Riley Exploration Permian in the third quarter worth $48,000. Point72 DIFC Ltd bought a new stake in Riley Exploration Permian in the second quarter valued at $51,000. CWM LLC raised its holdings in shares of Riley Exploration Permian by 115.9% during the third quarter. CWM LLC now owns 2,677 shares of the company's stock valued at $71,000 after purchasing an additional 1,437 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Riley Exploration Permian during the 3rd quarter worth about $108,000. Institutional investors own 58.91% of the company's stock.
In other news, CEO Bobby Riley sold 1,310 shares of Riley Exploration Permian stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $35.17, for a total value of $46,072.70. Following the completion of the transaction, the chief executive officer now owns 311,375 shares in the company, valued at $10,951,058.75. This trade represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.90% of the stock is owned by company insiders.
REPX stock opened at $37.12 on Friday. The stock has a market cap of $797.34 million, a P/E ratio of 6.20 and a beta of 1.46. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. The stock's fifty day simple moving average is $33.40 and its two-hundred day simple moving average is $29.69. Riley Exploration Permian, Inc. has a 1-year low of $21.27 and a 1-year high of $37.26.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 23rd will be issued a $0.38 dividend. The ex-dividend date is Thursday, January 23rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.09%. Riley Exploration Permian's dividend payout ratio (DPR) is presently 26.95%.
Separately, Truist Financial raised their price objective 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.
Get Our Latest Research Report on 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.
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