Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley Sells 4,636 Shares of Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 4,636 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $35.19, for a total value of $163,140.84. Following the sale, the chief executive officer now owns 321,739 shares of the company’s stock, valued at approximately $11,321,995.41. The trade was a 1.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, October 1st, Bobby Riley sold 8,981 shares of Riley Exploration Permian stock. The stock was sold at an average price of $26.49, for a total value of $237,906.69.
• On Friday, September 27th, Bobby Riley sold 6,302 shares of Riley Exploration Permian stock. The stock was sold at an average price of $26.52, for a total transaction of $167,129.04.

Riley Exploration Permian Stock Up 0.5 %

NYSE REPX opened at $35.18 on Friday. The firm has a 50-day simple moving average of $29.97 and a 200 day simple moving average of $28.31. 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 $21.27 and a twelve month high of $37.15. The stock has a market cap of $755.67 million, a PE ratio of 6.24 and a beta of 1.34.

Riley Exploration Permian Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Thursday, October 24th were given a $0.38 dividend. This is a boost from Riley Exploration Permian’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend was Thursday, October 24th. Riley Exploration Permian’s dividend payout ratio (DPR) is 26.95%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial increased their price target on shares of Riley Exploration Permian from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, November 14th.

Hedge Funds Weigh In On Riley Exploration Permian

Hedge funds have recently made changes to their positions in the business. CWM LLC grew its stake in shares of Riley Exploration Permian by 1,191.7% in the 2nd quarter. CWM LLC now owns 1,240 shares of the company’s stock valued at $35,000 after purchasing an additional 1,144 shares during the period. Ariadne Wealth Management LP acquired a new stake in shares of Riley Exploration Permian in the 2nd quarter valued at $36,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Riley Exploration Permian in the 2nd quarter worth about $39,000. Copeland Capital Management LLC acquired a new stake in shares of Riley Exploration Permian during the 3rd quarter worth about $48,000. Finally, Point72 DIFC Ltd bought a new position in Riley Exploration Permian during the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 58.91% of the company’s stock.

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.