Insider Selling: Riley Exploration Permian, Inc. (NYSE:REPX) CEO Sells 2,681 Shares of Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 2,681 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 transaction of $78,204.77. Following the sale, the chief executive officer now owns 439,636 shares of the company’s stock, valued at $12,824,182.12. This represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, February 10th, Bobby Riley sold 15,000 shares of Riley Exploration Permian stock. The stock was sold at an average price of $33.37, for a total transaction of $500,550.00.

Riley Exploration Permian Price Performance

Shares of NYSE REPX opened at $27.93 on Friday. The stock has a market cap of $600.63 million, a P/E ratio of 4.95 and a beta of 1.58. Riley Exploration Permian, Inc. has a twelve month low of $23.14 and a twelve month high of $37.55. The stock has a 50 day moving average of $31.28 and a two-hundred day moving average of $31.19. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53.

Riley Exploration Permian Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $1.52 annualized dividend and a yield of 5.44%. Riley Exploration Permian’s dividend payout ratio (DPR) is 35.68%.

Wall Street Analyst Weigh In

Separately, Truist Financial raised their price objective 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

A number of large investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its holdings in shares of Riley Exploration Permian by 10.2% in the fourth quarter. California State Teachers Retirement System now owns 9,199 shares of the company’s stock valued at $294,000 after buying an additional 853 shares during the last quarter. JT Stratford LLC purchased a new stake in Riley Exploration Permian during the 4th quarter valued at approximately $274,000. Trustees of Columbia University in the City of New York acquired a new stake in Riley Exploration Permian during the 4th quarter worth approximately $239,000. Man Group plc acquired a new stake in Riley Exploration Permian during the 4th quarter worth approximately $557,000. Finally, Lazard Asset Management LLC grew its stake in shares of Riley Exploration Permian by 43.3% in the 4th quarter. Lazard Asset Management LLC now owns 6,919 shares of the company’s stock valued at $219,000 after purchasing an additional 2,090 shares during the last quarter. Institutional investors and hedge funds 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.