Riley Exploration Permian, Inc. (NYSE:REPX) CEO Sells $78,204.77 in Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 2,681 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total transaction of $78,204.77. Following the sale, the chief executive officer now directly owns 439,636 shares in the company, valued at $12,824,182.12. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Bobby Riley also recently made the following trade(s):

• On Monday, February 10th, Bobby Riley sold 15,000 shares of Riley Exploration Permian stock. The shares were sold at an average price of $33.37, for a total transaction of $500,550.00.

Riley Exploration Permian Stock Performance

Shares of NYSE:REPX opened at $24.47 on Friday. The business has a fifty day moving average of $31.08 and a 200-day moving average of $31.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. Riley Exploration Permian, Inc. has a twelve month low of $23.14 and a twelve month high of $37.55. The firm has a market cap of $526.23 million, a PE ratio of 4.34 and a beta of 1.47.

Riley Exploration Permian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 6.21%. The ex-dividend date of this dividend was Thursday, January 23rd. Riley Exploration Permian’s payout ratio is presently 35.68%.

Hedge Funds Weigh In On Riley Exploration Permian

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Riley Exploration Permian by 29.4% in the fourth 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Riley Exploration Permian by 50.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company’s stock worth $9,691,000 after buying an additional 101,309 shares in the last quarter. American Century Companies Inc. boosted its position in Riley Exploration Permian by 35.5% in the 4th quarter. American Century Companies Inc. now owns 385,341 shares of the company’s stock valued at $12,300,000 after buying an additional 100,891 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Riley Exploration Permian by 304.6% in the 4th quarter. Prudential Financial Inc. now owns 63,361 shares of the company’s stock valued at $2,022,000 after buying an additional 47,702 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of 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 acquiring an additional 41,020 shares during the last quarter. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.