Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley Sells 4,636 Shares

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 4,636 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $35.19, for a total value of $163,140.84. Following the sale, the chief executive officer now directly owns 321,739 shares of the company’s stock, valued at approximately $11,321,995.41. This trade represents a 1.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, October 1st, Bobby Riley sold 8,981 shares of Riley Exploration Permian stock. The stock was sold at an average price of $26.49, for a total transaction of $237,906.69.
• On Friday, September 27th, Bobby Riley sold 6,302 shares of Riley Exploration Permian stock. The shares were sold at an average price of $26.52, for a total transaction of $167,129.04.

Riley Exploration Permian Trading Up 0.3 %

NYSE REPX traded up $0.09 on Friday, hitting $35.10. The company’s stock had a trading volume of 45,537 shares, compared to its average volume of 124,457. 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, Inc. has a 52-week low of $21.27 and a 52-week high of $37.15. The firm has a market cap of $753.95 million, a P/E ratio of 6.54 and a beta of 1.34. The company’s 50-day simple moving average is $29.82 and its 200 day simple moving average is $28.25.

Riley Exploration Permian Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Thursday, October 24th were paid a $0.38 dividend. This is a positive change from Riley Exploration Permian’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, October 24th. This represents a $1.52 dividend on an annualized basis and a yield of 4.33%. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 26.95%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Koss Olinger Consulting LLC boosted its stake in shares of Riley Exploration Permian by 2.3% during the 3rd quarter. Koss Olinger Consulting LLC now owns 18,326 shares of the company’s stock valued at $485,000 after purchasing an additional 409 shares in the last quarter. Quest Partners LLC boosted its position in Riley Exploration Permian by 38.6% during the 2nd quarter. Quest Partners LLC now owns 3,815 shares of the company’s stock valued at $108,000 after acquiring an additional 1,062 shares in the last quarter. CWM LLC grew its holdings in shares of Riley Exploration Permian by 1,191.7% during the 2nd quarter. CWM LLC now owns 1,240 shares of the company’s stock worth $35,000 after acquiring an additional 1,144 shares during the period. Ariadne Wealth Management LP bought a new position in shares of Riley Exploration Permian in the 2nd quarter worth approximately $36,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Riley Exploration Permian in the 2nd quarter valued at approximately $39,000. 58.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial boosted their price objective on shares of Riley Exploration Permian from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, November 14th.

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.