Riley Exploration Permian, Inc. (NYSE:REPX) CEO Sells $500,550.00 in Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 15,000 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $33.37, for a total transaction of $500,550.00. Following the sale, the chief executive officer now owns 296,375 shares in the company, valued at approximately $9,890,033.75. This trade represents a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $35.17, for a total value 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 value of $163,140.84.

Riley Exploration Permian Trading Up 1.5 %

Shares of NYSE:REPX opened at $33.85 on Friday. 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 company’s 50-day moving average price is $33.13 and its 200 day moving average price is $30.32. The company has a market cap of $727.10 million, a PE ratio of 6.00 and a beta of 1.47. Riley Exploration Permian, Inc. has a fifty-two week low of $21.96 and a fifty-two week high of $37.55.

Riley Exploration Permian Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were paid a $0.38 dividend. The ex-dividend date was Thursday, January 23rd. This represents a $1.52 annualized dividend and a dividend yield of 4.49%. Riley Exploration Permian’s payout ratio is currently 26.95%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Riley Exploration Permian

Several hedge funds and other institutional investors have recently made changes to their positions in REPX. New York State Teachers Retirement System acquired a new stake in Riley Exploration Permian in the 4th quarter valued at approximately $33,000. Ameritas Investment Partners Inc. increased its holdings in shares of Riley Exploration Permian by 44.8% during the fourth quarter. Ameritas Investment Partners Inc. now owns 1,189 shares of the company’s stock valued at $38,000 after purchasing an additional 368 shares during the period. Copeland Capital Management LLC acquired a new position in shares of Riley Exploration Permian during the third quarter valued at $48,000. CWM LLC raised its stake in shares of Riley Exploration Permian by 115.9% during the third quarter. CWM LLC now owns 2,677 shares of the company’s stock valued at $71,000 after purchasing an additional 1,437 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Riley Exploration Permian in the fourth quarter worth about $77,000. 58.91% of the stock is currently owned by institutional investors and hedge funds.

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.