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 value of $95,690.00. Following the completion of the transaction, the insider now owns 125,974 shares of the company’s stock, valued at approximately $3,444,129.16. This trade represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Riley Exploration Permian Trading Up 2.0 %

NYSE REPX opened at $28.39 on Friday. Riley Exploration Permian, Inc. has a 52 week low of $23.14 and a 52 week high of $37.55. The firm has a 50 day moving average of $32.81 and a two-hundred day moving average of $30.92. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $610.53 million, a PE ratio of 5.03 and a beta of 1.58.

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 paid 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 dividend yield of 5.35%. Riley Exploration Permian’s payout ratio is currently 35.68%.

Hedge Funds Weigh In On Riley Exploration Permian

Several large investors have recently bought and sold shares of the business. New York State Teachers Retirement System purchased a new stake in Riley Exploration Permian during the 4th quarter worth about $33,000. Summit Investment Advisors Inc. lifted its stake in Riley Exploration Permian by 44.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company’s stock worth $38,000 after purchasing an additional 368 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Riley Exploration Permian during the fourth quarter worth approximately $77,000. Travelers Companies Inc. acquired a new position in Riley Exploration Permian in the fourth quarter valued at approximately $80,000. Finally, Quantbot Technologies LP purchased a new position in Riley Exploration Permian in the fourth quarter valued at approximately $110,000. Hedge funds and other institutional investors own 58.91% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial increased their price target 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.