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

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 15,000 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $33.37, for a total transaction of $500,550.00. Following the transaction, the chief executive officer now directly owns 296,375 shares of the company’s stock, valued at approximately $9,890,033.75. This trade represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, November 29th, Bobby Riley sold 1,310 shares of Riley Exploration Permian stock. The stock was sold at an average price of $35.17, for a total transaction of $46,072.70.
• On Tuesday, November 26th, Bobby Riley sold 4,636 shares of Riley Exploration Permian stock. The stock was sold at an average price of $35.19, for a total transaction of $163,140.84.

Riley Exploration Permian Stock Up 3.5 %

Shares of REPX opened at $34.95 on Wednesday. The stock has a market capitalization of $750.73 million, a PE ratio of 6.20 and a beta of 1.47. Riley Exploration Permian, Inc. has a 1 year low of $21.50 and a 1 year high of $37.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. The company’s 50-day simple moving average is $33.13 and its 200-day simple moving average is $30.25.

Riley Exploration Permian Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.38 per share. The ex-dividend date was Thursday, January 23rd. This represents a $1.52 annualized dividend and a dividend yield of 4.35%. Riley Exploration Permian’s dividend payout ratio is presently 26.95%.

Analyst Ratings Changes

Separately, Truist Financial increased their target price on shares of Riley Exploration Permian from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, January 13th.

Institutional Trading of Riley Exploration Permian

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Riley Exploration Permian by 29.4% during the fourth quarter. Vanguard Group Inc. now owns 912,038 shares of the company’s stock worth $29,112,000 after purchasing an additional 207,319 shares in the last quarter. Jackson Hole Capital Partners LLC raised its holdings in Riley Exploration Permian by 1.2% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 394,796 shares of the company’s stock valued at $12,602,000 after acquiring an additional 4,788 shares in the last quarter. American Century Companies Inc. raised its holdings in Riley Exploration Permian by 35.5% in the fourth quarter. American Century Companies Inc. now owns 385,341 shares of the company’s stock valued at $12,300,000 after acquiring an additional 100,891 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Riley Exploration Permian by 2.2% in the fourth quarter. First Eagle Investment Management LLC now owns 287,048 shares of the company’s stock valued at $9,163,000 after acquiring an additional 6,100 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Riley Exploration Permian by 3.9% in the fourth quarter. Bank of New York Mellon Corp now owns 241,526 shares of the company’s stock valued at $7,710,000 after acquiring an additional 9,101 shares in the last quarter. Institutional investors and hedge funds own 58.91% of the company’s stock.

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.