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

Koss Olinger Consulting LLC grew its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 11.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 20,459 shares of the company’s stock after acquiring an additional 2,133 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Riley Exploration Permian were worth $653,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in Riley Exploration Permian by 2.3% during the 4th quarter. Rhumbline Advisers now owns 16,867 shares of the company’s stock worth $538,000 after acquiring an additional 380 shares during the period. SG Americas Securities LLC boosted its position in shares of Riley Exploration Permian by 24.7% during the 4th 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 in the last quarter. New York State Teachers Retirement System bought a new position in shares of Riley Exploration Permian during the 4th quarter worth about $33,000. Empowered Funds LLC boosted its position in shares of Riley Exploration Permian by 4.8% during the 4th quarter. Empowered Funds LLC now owns 30,987 shares of the company’s stock worth $989,000 after purchasing an additional 1,421 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its position in shares of Riley Exploration Permian by 25.2% during the 4th 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 in the last quarter. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Riley Exploration Permian Price Performance

REPX stock opened at $29.31 on Wednesday. Riley Exploration Permian, Inc. has a 1 year low of $23.14 and a 1 year 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. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. The company’s 50-day moving average is $32.65 and its 200-day moving average is $30.96.

Riley Exploration Permian Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were given a $0.38 dividend. The ex-dividend date was Thursday, January 23rd. This represents a $1.52 annualized dividend and a yield of 5.19%. Riley Exploration Permian’s payout ratio is 35.68%.

Wall Street Analyst Weigh In

Separately, Truist Financial increased their price objective 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 Activity at Riley Exploration Permian

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

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.