Bobby Riley Sells 15,000 Shares of Riley Exploration Permian, Inc. (NYSE:REPX) Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 15,000 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the transaction, the chief executive officer now directly owns 366,658 shares in the company, valued at approximately $10,266,424. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, June 10th, Bobby Riley sold 10,020 shares of Riley Exploration Permian stock. The shares were sold at an average price of $26.57, for a total value of $266,231.40.

Riley Exploration Permian Price Performance

Shares of NYSE REPX traded up $0.83 during mid-day trading on Monday, hitting $30.59. 133,293 shares of the stock traded hands, compared to its average volume of 144,150. The company has a market cap of $658.91 million, a PE ratio of 6.05 and a beta of 1.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.59 and a quick ratio of 0.53. Riley Exploration Permian, Inc. has a twelve month low of $21.27 and a twelve month high of $38.00. The firm has a 50 day simple moving average of $27.26 and a two-hundred day simple moving average of $26.48.

Riley Exploration Permian (NYSE:REPX) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.11. Riley Exploration Permian had a return on equity of 25.64% and a net margin of 24.16%. The firm had revenue of $99.74 million during the quarter, compared to analyst estimates of $96.65 million. As a group, equities research analysts forecast that Riley Exploration Permian, Inc. will post 6.45 EPS for the current fiscal year.

Riley Exploration Permian Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Thursday, July 25th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend is Thursday, July 25th. Riley Exploration Permian’s payout ratio is 29.27%.

Institutional Trading of Riley Exploration Permian

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio lifted its stake in Riley Exploration Permian by 300.0% in the fourth quarter. Strs Ohio now owns 1,200 shares of the company’s stock valued at $32,000 after purchasing an additional 900 shares during the last quarter. CWM LLC raised its holdings in Riley Exploration Permian by 1,191.7% during the 2nd quarter. CWM LLC now owns 1,240 shares of the company’s stock valued at $35,000 after acquiring an additional 1,144 shares during the period. Tower Research Capital LLC TRC raised its holdings in Riley Exploration Permian by 92.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,004 shares of the company’s stock valued at $55,000 after acquiring an additional 962 shares during the period. Russell Investments Group Ltd. raised its holdings in Riley Exploration Permian by 785.9% during the 1st quarter. Russell Investments Group Ltd. now owns 4,571 shares of the company’s stock valued at $151,000 after acquiring an additional 4,055 shares during the period. Finally, Jump Financial LLC bought a new stake in Riley Exploration Permian during the 4th quarter valued at $248,000. 58.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Truist Financial reduced their price target on Riley Exploration Permian from $51.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, May 6th.

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.