Riley Exploration Permian, Inc. (NYSE:REPX) CEO Sells $500,550.00 in Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $33.37, for a total transaction of $500,550.00. Following the completion of the sale, the chief executive officer now directly owns 296,375 shares in the company, valued at approximately $9,890,033.75. This trade represents a 4.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, November 29th, Bobby Riley sold 1,310 shares of Riley Exploration Permian stock. The shares were sold at an average price of $35.17, for a total transaction of $46,072.70.
• On Tuesday, November 26th, Bobby Riley sold 4,636 shares of Riley Exploration Permian stock. The shares were sold at an average price of $35.19, for a total transaction of $163,140.84.

Riley Exploration Permian Stock Performance

Shares of Riley Exploration Permian stock opened at $34.95 on Wednesday. The firm has a market capitalization of $750.73 million, a P/E ratio of 6.20 and a beta of 1.47. Riley Exploration Permian, Inc. has a 52 week low of $21.50 and a 52 week high of $37.55. 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’s 50 day moving average is $33.13 and its two-hundred day moving average is $30.25.

Riley Exploration Permian Dividend Announcement

The business 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 4.35%. Riley Exploration Permian’s dividend payout ratio is currently 26.95%.

Hedge Funds Weigh In On Riley Exploration Permian

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of Riley Exploration Permian during the third quarter worth approximately $108,000. CWM LLC grew its position in shares of Riley Exploration Permian by 115.9% during the third quarter. CWM LLC now owns 2,677 shares of the company’s stock worth $71,000 after acquiring an additional 1,437 shares during the last quarter. Koss Olinger Consulting LLC grew its position in Riley Exploration Permian by 2.3% in the 3rd quarter. Koss Olinger Consulting LLC now owns 18,326 shares of the company’s stock valued at $485,000 after buying an additional 409 shares during the last quarter. Copeland Capital Management LLC purchased a new position in Riley Exploration Permian in the 3rd quarter valued at $48,000. Finally, CWA Asset Management Group LLC purchased a new position in Riley Exploration Permian in the 3rd quarter valued at $223,000. 58.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

About Riley Exploration Permian

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.