Insider Selling: Riley Exploration Permian, Inc. (NYSE:REPX) Insider Sells 1,537 Shares of Stock

Riley Exploration Permian, Inc. (NYSE:REPX) insider Corey Neil Riley sold 1,537 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $27.34, for a total value of $95,690.00.

Riley Exploration Permian Stock Down 12.4 %

Riley Exploration Permian stock opened at $24.47 on Friday. Riley Exploration Permian, Inc. has a twelve month low of $23.14 and a twelve month high of $37.55. The stock has a market cap of $526.23 million, a P/E ratio of 4.34 and a beta of 1.47. The company’s 50-day moving average price is $31.08 and its two-hundred day moving average price is $31.20. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors 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 dividend payout ratio (DPR) is presently 35.68%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in REPX. New York State Teachers Retirement System acquired a new position in shares of Riley Exploration Permian in the fourth quarter valued at about $33,000. Summit Investment Advisors Inc. raised its position in shares of Riley Exploration Permian by 44.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company’s stock valued at $38,000 after buying an additional 368 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Riley Exploration Permian during the fourth quarter worth approximately $77,000. Travelers Companies Inc. acquired a new stake in Riley Exploration Permian during the fourth quarter worth approximately $80,000. Finally, Quantbot Technologies LP bought a new position in Riley Exploration Permian during the 4th quarter worth $110,000. 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.