Riley Exploration Permian, Inc. (NYSE:REPX) Insider Sells $95,690.00 in Stock

Riley Exploration Permian, Inc. (NYSE:REPX) insider Corey Neil Riley sold 3,500 shares of Riley Exploration Permian stock in a transaction on Monday, March 10th. The shares were sold at an average price of $27.34, for a total transaction of $95,690.00. Following the completion of the sale, the insider now owns 125,974 shares in the company, valued at $3,444,129.16. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Riley Exploration Permian Stock Up 3.1 %

Shares of NYSE:REPX traded up $0.86 during trading on Wednesday, hitting $28.21. 96,976 shares of the company were exchanged, compared to its average volume of 124,298. Riley Exploration Permian, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $37.55. The stock has a market cap of $606.66 million, a price-to-earnings ratio of 5.00 and a beta of 1.58. 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 firm has a fifty day moving average price of $33.09 and a two-hundred day moving average price of $30.96.

Riley Exploration Permian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, January 23rd. This represents a $1.52 dividend on an annualized basis and a yield of 5.39%. Riley Exploration Permian’s payout ratio is 35.68%.

Institutional Trading of Riley Exploration Permian

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Riley Exploration Permian by 29.4% in the 4th 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 during the period. Dimensional Fund Advisors LP grew its holdings in Riley Exploration Permian by 50.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company’s stock worth $9,691,000 after purchasing an additional 101,309 shares during the period. American Century Companies Inc. raised its stake 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 buying an additional 100,891 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Riley Exploration Permian in the third quarter valued at approximately $1,592,000. Finally, Prudential Financial Inc. lifted its position in shares of Riley Exploration Permian by 304.6% in the fourth 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 last quarter. Institutional investors and hedge funds own 58.91% of the company’s stock.

Analyst Ratings Changes

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