Riley Exploration Permian, Inc. (NYSE:REPX) Insider Sells $44,834.29 in Stock

Riley Exploration Permian, Inc. (NYSE:REPX) insider Corey Neil Riley sold 1,537 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 $44,834.29. Following the completion of the sale, the insider now owns 183,700 shares in the company, valued at $5,358,529. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Corey Neil Riley also recently made the following trade(s):

• On Monday, March 10th, Corey Neil Riley sold 3,500 shares of Riley Exploration Permian stock. The shares were sold at an average price of $27.34, for a total transaction of $95,690.00.

Riley Exploration Permian Trading Down 12.4 %

NYSE:REPX opened at $24.47 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. Riley Exploration Permian, Inc. has a twelve month low of $23.14 and a twelve month high of $37.55. The company has a market cap of $526.23 million, a P/E ratio of 4.34 and a beta of 1.47. The business has a 50 day moving average price of $31.08 and a two-hundred day moving average price of $31.20.

Riley Exploration Permian Dividend Announcement

The firm 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 yield of 6.21%. Riley Exploration Permian’s payout ratio is currently 35.68%.

Institutional Investors Weigh In On Riley Exploration Permian

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Riley Exploration Permian by 29.4% during the fourth quarter. Vanguard Group Inc. now owns 912,038 shares of the company’s stock worth $29,112,000 after acquiring an additional 207,319 shares in the last quarter. Jackson Hole Capital Partners LLC increased its position in shares of Riley Exploration Permian by 1.2% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 394,796 shares of the company’s stock worth $12,602,000 after purchasing an additional 4,788 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Riley Exploration Permian by 35.5% during the 4th quarter. American Century Companies Inc. now owns 385,341 shares of the company’s stock worth $12,300,000 after purchasing an additional 100,891 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Riley Exploration Permian by 50.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company’s stock valued at $9,691,000 after buying an additional 101,309 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of Riley Exploration Permian by 2.2% in the fourth quarter. First Eagle Investment Management LLC now owns 287,048 shares of the company’s stock valued at $9,163,000 after buying an additional 6,100 shares in the last quarter. 58.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upped their price objective 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.

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.