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 firm’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 transaction of $51,310.03. Following the completion of the sale, the chief financial officer now owns 188,172 shares in the company, valued at $5,488,977.24. The trade was a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Riley Exploration Permian Stock Performance

Shares of REPX opened at $24.47 on Friday. The firm has a market capitalization of $526.23 million, a PE ratio of 4.34 and a beta of 1.47. 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 firm has a 50-day moving average price of $31.08 and a 200 day moving average price of $31.20. Riley Exploration Permian, Inc. has a 52-week low of $23.14 and a 52-week high of $37.55.

Riley Exploration Permian Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 6.21%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 35.68%.

Institutional Investors Weigh In On Riley Exploration Permian

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new position in shares of Riley Exploration Permian during the 4th quarter valued at $33,000. Summit Investment Advisors Inc. boosted its stake in Riley Exploration Permian by 44.8% during 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 position in Riley Exploration Permian during the fourth quarter worth about $77,000. Travelers Companies Inc. bought a new stake in Riley Exploration Permian in the fourth quarter worth about $80,000. Finally, Quantbot Technologies LP acquired a new stake in Riley Exploration Permian in the 4th quarter valued at about $110,000. Institutional investors own 58.91% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial lifted their target price on Riley Exploration Permian from $45.00 to $47.00 and gave the company a “buy” rating in a research note 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.