Philip A. Riley Sells 1,759 Shares of Riley Exploration Permian, Inc. (NYSE:REPX) Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CFO Philip A. Riley sold 1,759 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total transaction of $51,310.03. Following the transaction, the chief financial officer now owns 188,172 shares in the company, valued at approximately $5,488,977.24. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Riley Exploration Permian Trading Down 12.4 %

Shares of Riley Exploration Permian stock opened at $24.47 on Friday. The company has a market capitalization of $526.23 million, a P/E ratio of 4.34 and a beta of 1.47. The stock has a fifty day simple moving average of $31.08 and a 200 day simple moving average of $31.17. Riley Exploration Permian, Inc. has a 12-month low of $23.14 and a 12-month high of $37.55. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53.

Riley Exploration Permian Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian’s payout ratio is currently 35.68%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Riley Exploration Permian

Institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its stake in shares of Riley Exploration Permian by 45.4% in the 4th quarter. New York State Common Retirement Fund now owns 32,644 shares of the company’s stock worth $1,042,000 after buying an additional 10,200 shares during the last quarter. Barclays PLC boosted its position in Riley Exploration Permian by 167.2% in the third quarter. Barclays PLC now owns 17,574 shares of the company’s stock worth $464,000 after purchasing an additional 10,997 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Riley Exploration Permian by 48.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 121,353 shares of the company’s stock valued at $3,215,000 after purchasing an additional 39,759 shares during the period. Proficio Capital Partners LLC bought a new position in Riley Exploration Permian in the 4th quarter valued at $564,000. Finally, Bank of New York Mellon Corp increased its position in shares of Riley Exploration Permian by 3.9% during the 4th quarter. Bank of New York Mellon Corp now owns 241,526 shares of the company’s stock valued at $7,710,000 after purchasing an additional 9,101 shares during the last quarter. 58.91% of the stock is owned by institutional investors.

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.