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 business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $33.37, for a total value of $500,550.00. Following the completion of the sale, the chief executive officer now owns 296,375 shares in the company, valued at $9,890,033.75. The trade was a 4.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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 Performance

REPX opened at $33.35 on Thursday. The business’s 50-day simple moving average is $33.14 and its 200 day simple moving average is $30.29. Riley Exploration Permian, Inc. has a 52-week low of $21.86 and a 52-week 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 firm has a market capitalization of $716.46 million, a PE ratio of 5.91 and a beta of 1.47.

Riley Exploration Permian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Thursday, January 23rd. Riley Exploration Permian’s dividend payout ratio is currently 26.95%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Riley Exploration Permian

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Riley Exploration Permian during the third quarter worth $108,000. CWM LLC increased its stake in shares of Riley Exploration Permian by 115.9% during the 3rd quarter. CWM LLC now owns 2,677 shares of the company’s stock worth $71,000 after purchasing an additional 1,437 shares during the last quarter. Koss Olinger Consulting LLC raised its holdings in shares of Riley Exploration Permian by 2.3% in the 3rd quarter. Koss Olinger Consulting LLC now owns 18,326 shares of the company’s stock valued at $485,000 after purchasing an additional 409 shares during the period. Copeland Capital Management LLC acquired a new stake in Riley Exploration Permian in the 3rd quarter valued at about $48,000. Finally, CWA Asset Management Group LLC bought a new position in Riley Exploration Permian during the third quarter worth about $223,000. 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.