Insider Selling: Riley Exploration Permian, Inc. (NYSE:REPX) CEO Sells 2,681 Shares of Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 2,681 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total transaction of $78,204.77. Following the completion of the transaction, the chief executive officer now owns 439,636 shares in the company, valued at $12,824,182.12. This represents a 0.61 % decrease in their ownership of the stock. 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 Monday, February 10th, Bobby Riley sold 15,000 shares of Riley Exploration Permian stock. The shares were sold at an average price of $33.37, for a total transaction of $500,550.00.

Riley Exploration Permian Stock Performance

Shares of REPX stock opened at $24.47 on Friday. The stock has a market cap of $526.23 million, a PE ratio of 4.34 and a beta of 1.47. The stock has a 50-day moving average of $31.08 and a 200-day moving average of $31.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. Riley Exploration Permian, Inc. has a one year low of $23.14 and a one year high of $37.55.

Riley Exploration Permian Announces Dividend

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

Institutional Investors Weigh In On Riley Exploration Permian

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew 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 buying an additional 207,319 shares during the period. Jackson Hole Capital Partners LLC grew its stake 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 during the period. American Century Companies Inc. increased its holdings in shares of Riley Exploration Permian by 35.5% in the fourth quarter. American Century Companies Inc. now owns 385,341 shares of the company’s stock worth $12,300,000 after acquiring an additional 100,891 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Riley Exploration Permian by 2.2% during the 4th quarter. First Eagle Investment Management LLC now owns 287,048 shares of the company’s stock valued at $9,163,000 after purchasing an additional 6,100 shares in the last quarter. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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