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

Hillsdale Investment Management Inc. boosted its position in Riley Exploration Permian, Inc. (NYSE:REPX) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,088 shares of the company’s stock after acquiring an additional 500 shares during the period. Hillsdale Investment Management Inc.’s holdings in Riley Exploration Permian were worth $641,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. American Century Companies Inc. lifted its holdings in shares of Riley Exploration Permian by 35.5% during the 4th quarter. American Century Companies Inc. now owns 385,341 shares of the company’s stock worth $12,300,000 after acquiring an additional 100,891 shares during the period. Geode Capital Management LLC raised its stake in Riley Exploration Permian by 20.8% during the third quarter. Geode Capital Management LLC now owns 237,996 shares of the company’s stock worth $6,306,000 after purchasing an additional 41,020 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Riley Exploration Permian by 48.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 121,353 shares of the company’s stock valued at $3,215,000 after purchasing an additional 39,759 shares during the last quarter. Kennondale Capital Management LLC acquired a new position in shares of Riley Exploration Permian in the 4th quarter valued at $1,104,000. Finally, Inspire Investing LLC acquired a new stake in shares of Riley Exploration Permian during the 4th quarter worth $874,000. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of the 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Corey Neil Riley sold 3,500 shares of Riley Exploration Permian 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 sale, the insider now owns 125,974 shares in the company, valued at $3,444,129.16. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.

Riley Exploration Permian Stock Up 2.4 %

REPX opened at $30.50 on Tuesday. Riley Exploration Permian, Inc. has a 1 year low of $23.14 and a 1 year high of $37.55. The firm has a 50 day moving average price of $32.40 and a 200 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 cap of $655.90 million, a PE ratio of 5.41 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. Stockholders of record on Thursday, January 23rd were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.98%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian’s payout ratio is currently 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.