Riley Exploration Permian, Inc. (NYSE:REPX) Insider Corey Neil Riley Sells 1,537 Shares

Riley Exploration Permian, Inc. (NYSE:REPX) insider Corey Neil Riley sold 1,537 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total value of $44,834.29. Following the completion of the sale, the insider now directly owns 183,700 shares in the company, valued at approximately $5,358,529. The trade was a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Corey Neil Riley also recently made the following trade(s):

• On Monday, March 10th, Corey Neil Riley sold 3,500 shares of Riley Exploration Permian stock. The stock was sold at an average price of $27.34, for a total transaction of $95,690.00.

Riley Exploration Permian Stock Down 6.9 %

Shares of NYSE:REPX opened at $27.93 on Friday. 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 has a fifty day simple moving average of $31.28 and a two-hundred day simple moving average of $31.19. Riley Exploration Permian, Inc. has a 12-month low of $23.14 and a 12-month high of $37.55. The stock has a market capitalization of $600.63 million, a price-to-earnings ratio of 4.95 and a beta of 1.58.

Riley Exploration Permian Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date of this dividend was Thursday, January 23rd. Riley Exploration Permian’s payout ratio is 35.68%.

Institutional Trading of Riley Exploration Permian

A number of institutional investors and hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System bought a new position in shares of Riley Exploration Permian in the fourth quarter worth approximately $33,000. Summit Investment Advisors Inc. lifted its position in Riley Exploration Permian by 44.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company’s stock valued at $38,000 after acquiring an additional 368 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Riley Exploration Permian during the 4th quarter valued at $77,000. Travelers Companies Inc. bought a new stake in shares of Riley Exploration Permian in the 4th quarter worth $80,000. Finally, Quantbot Technologies LP purchased a new position in shares of Riley Exploration Permian in the fourth quarter worth $110,000. 58.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Truist Financial raised their target price 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.

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.