Summit Global Investments Purchases 5,533 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

Summit Global Investments grew its holdings in Riley Exploration Permian, Inc. (NYSE:REPX) by 62.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,432 shares of the company’s stock after purchasing an additional 5,533 shares during the quarter. Summit Global Investments owned approximately 0.07% of Riley Exploration Permian worth $461,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. New York State Teachers Retirement System acquired a new position in Riley Exploration Permian in the fourth quarter valued at approximately $33,000. Travelers Companies Inc. bought a new position in shares of Riley Exploration Permian in the 4th quarter worth $80,000. Toth Financial Advisory Corp acquired a new stake in shares of Riley Exploration Permian during the fourth quarter worth $115,000. Barings LLC acquired a new stake in shares of Riley Exploration Permian during the fourth quarter worth $120,000. Finally, SG Americas Securities LLC increased its holdings in 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 during the last quarter. Institutional investors and hedge funds own 58.91% of the company’s stock.

Analyst Ratings Changes

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

Riley Exploration Permian Stock Up 2.4 %

Shares of NYSE:REPX opened at $30.50 on Tuesday. The company has a 50 day moving average price of $32.40 and a two-hundred day moving average price of $31.05. 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 $655.90 million, a PE ratio of 5.41 and a beta of 1.58. Riley Exploration Permian, Inc. has a 52 week low of $23.14 and a 52 week high of $37.55.

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 paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend was Thursday, January 23rd. Riley Exploration Permian’s payout ratio is presently 35.68%.

Insiders Place Their Bets

In other news, insider Corey Neil Riley sold 3,500 shares of the stock in a transaction 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 sale, the insider now owns 125,974 shares of the company’s stock, valued at $3,444,129.16. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bobby Riley sold 15,000 shares of the firm’s stock in a transaction on 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 owns 296,375 shares in the company, valued at approximately $9,890,033.75. The trade was a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

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.