Riley Exploration Permian, Inc. (NYSE:REPX) CFO Philip A. Riley Sells 1,759 Shares

Riley Exploration Permian, Inc. (NYSE:REPX) CFO Philip A. Riley sold 1,759 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total value of $51,310.03. Following the sale, the chief financial officer now directly owns 188,172 shares of the company’s stock, valued at $5,488,977.24. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Riley Exploration Permian Stock Down 7.9 %

Shares of REPX stock traded down $2.37 on Thursday, hitting $27.63. The stock had a trading volume of 82,675 shares, compared to its average volume of 126,409. Riley Exploration Permian, Inc. has a 12-month low of $23.14 and a 12-month high of $37.55. The stock has a market cap of $594.18 million, a price-to-earnings ratio of 4.90 and a beta of 1.58. The business has a 50 day moving average of $31.43 and a 200 day moving average of $31.21. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64.

Riley Exploration Permian Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 5.50%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian’s dividend payout ratio is presently 35.68%.

Analysts Set New Price Targets

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

Institutional Trading of Riley Exploration Permian

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Riley Exploration Permian by 29.4% in the fourth quarter. Vanguard Group Inc. now owns 912,038 shares of the company’s stock valued at $29,112,000 after purchasing an additional 207,319 shares during the last quarter. Jackson Hole Capital Partners LLC grew its stake 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 acquiring an additional 4,788 shares during the period. American Century Companies Inc. grew 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 acquiring an additional 100,891 shares during the period. Dimensional Fund Advisors LP raised its stake in 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 acquiring an additional 101,309 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in Riley Exploration Permian by 2.2% during the 4th quarter. First Eagle Investment Management LLC now owns 287,048 shares of the company’s stock valued at $9,163,000 after acquiring an additional 6,100 shares during the period. Institutional investors own 58.91% of the company’s stock.

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.