Riley Exploration Permian, Inc. (NYSE:REPX) CEO Sells $46,072.70 in Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 1,310 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $35.17, for a total value of $46,072.70. Following the completion of the sale, the chief executive officer now owns 311,375 shares in the company, valued at $10,951,058.75. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Bobby Riley also recently made the following trade(s):

• 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.
• On Tuesday, October 1st, Bobby Riley sold 8,981 shares of Riley Exploration Permian stock. The shares were sold at an average price of $26.49, for a total transaction of $237,906.69.
• On Friday, September 27th, Bobby Riley sold 6,302 shares of Riley Exploration Permian stock. The stock was sold at an average price of $26.52, for a total transaction of $167,129.04.

Riley Exploration Permian Price Performance

Shares of REPX opened at $34.96 on Tuesday. Riley Exploration Permian, Inc. has a one year low of $21.27 and a one year high of $37.15. The stock’s fifty day moving average is $30.13 and its 200-day moving average is $28.41. 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 $750.94 million, a price-to-earnings ratio of 6.20 and a beta of 1.34.

Riley Exploration Permian Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 24th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.35%. This is an increase from Riley Exploration Permian’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, October 24th. Riley Exploration Permian’s payout ratio is 26.95%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in REPX. CWM LLC raised its holdings in Riley Exploration Permian by 1,191.7% during the second quarter. CWM LLC now owns 1,240 shares of the company’s stock worth $35,000 after purchasing an additional 1,144 shares in the last quarter. Ariadne Wealth Management LP bought a new stake in shares of Riley Exploration Permian in the 2nd quarter worth $36,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Riley Exploration Permian in the second quarter valued at $39,000. Point72 DIFC Ltd bought a new position in Riley Exploration Permian during the second quarter valued at about $51,000. Finally, Copeland Capital Management LLC acquired a new position in Riley Exploration Permian during the third quarter worth about $48,000. 58.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Truist Financial increased their price objective on Riley Exploration Permian from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, November 14th.

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.