Brandywine Global Investment Management LLC Purchases 980 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

Brandywine Global Investment Management LLC increased its position in Riley Exploration Permian, Inc. (NYSE:REPX) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,680 shares of the company’s stock after purchasing an additional 980 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.31% of Riley Exploration Permian worth $2,097,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of REPX. JPMorgan Chase & Co. lifted its holdings in shares of Riley Exploration Permian by 85.2% during the 4th quarter. JPMorgan Chase & Co. now owns 46,172 shares of the company’s stock worth $1,474,000 after acquiring an additional 21,242 shares during the period. Prudential Financial Inc. lifted its stake in Riley Exploration Permian by 304.6% during the fourth quarter. Prudential Financial Inc. now owns 63,361 shares of the company’s stock worth $2,022,000 after purchasing an additional 47,702 shares during the period. Vanguard Group Inc. grew its stake in shares of Riley Exploration Permian by 29.4% in the 4th quarter. Vanguard Group Inc. now owns 912,038 shares of the company’s stock valued at $29,112,000 after purchasing an additional 207,319 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Riley Exploration Permian in the 4th quarter worth approximately $77,000. Finally, Hillsdale Investment Management Inc. lifted its position in shares of Riley Exploration Permian by 2.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 20,088 shares of the company’s stock worth $641,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 58.91% of the company’s stock.

Riley Exploration Permian Trading Up 0.1 %

Shares of REPX stock opened at $30.00 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $645.15 million, a P/E ratio of 5.32 and a beta of 1.58. Riley Exploration Permian, Inc. has a 12-month low of $23.14 and a 12-month high of $37.55. The firm has a 50-day moving average price of $31.43 and a 200 day moving average price of $31.21.

Riley Exploration Permian Announces Dividend

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 dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $1.52 dividend on an annualized basis and a yield of 5.07%. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 35.68%.

Insider Activity at Riley Exploration Permian

In other Riley Exploration Permian news, insider Corey Neil Riley sold 3,500 shares of the business’s 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 transaction, the insider now directly owns 125,974 shares of the company’s stock, valued at approximately $3,444,129.16. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $500,550.00. Following the sale, the chief executive officer now directly owns 296,375 shares in the company, valued at $9,890,033.75. This trade represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

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

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.