Bobby Riley Sells 8,981 Shares of Riley Exploration Permian, Inc. (NYSE:REPX) Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 8,981 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $26.49, for a total transaction of $237,906.69. Following the completion of the sale, the chief executive officer now directly owns 326,375 shares of the company’s stock, valued at approximately $8,645,673.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 value of $167,129.04.
• On Thursday, July 11th, Bobby Riley sold 15,000 shares of Riley Exploration Permian stock. The stock was sold at an average price of $28.00, for a total value of $420,000.00.

Riley Exploration Permian Trading Up 1.1 %

NYSE REPX opened at $27.08 on Thursday. The company’s fifty day moving average price is $27.01 and its two-hundred day moving average price is $27.82. The company has a market capitalization of $584.39 million, a price-to-earnings ratio of 5.50 and a beta of 1.34. Riley Exploration Permian, Inc. has a 12 month low of $21.27 and a 12 month high of $34.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.63 and a quick ratio of 0.58.

Riley Exploration Permian (NYSE:REPX) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.13). Riley Exploration Permian had a net margin of 23.95% and a return on equity of 25.74%. The firm had revenue of $105.40 million during the quarter, compared to the consensus estimate of $106.62 million. As a group, research analysts predict that Riley Exploration Permian, Inc. will post 6.62 earnings per share for the current fiscal year.

Riley Exploration Permian Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, July 25th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, July 25th. This represents a $1.44 annualized dividend and a yield of 5.32%. Riley Exploration Permian’s payout ratio is 29.27%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their price objective on Riley Exploration Permian from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Monday.

Institutional Trading of Riley Exploration Permian

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp bought a new stake in shares of Riley Exploration Permian during the 2nd quarter valued at about $4,392,000. AQR Capital Management LLC acquired a new position in Riley Exploration Permian in the second quarter valued at approximately $3,723,000. Marshall Wace LLP acquired a new stake in shares of Riley Exploration Permian during the 2nd quarter worth approximately $2,396,000. First Eagle Investment Management LLC lifted its holdings in shares of Riley Exploration Permian by 77.2% in the 1st quarter. First Eagle Investment Management LLC now owns 176,564 shares of the company’s stock worth $5,827,000 after purchasing an additional 76,932 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Riley Exploration Permian by 95.5% during the 2nd quarter. Renaissance Technologies LLC now owns 139,000 shares of the company’s stock valued at $3,935,000 after purchasing an additional 67,900 shares during the period. 58.91% of the stock is owned by institutional investors and hedge funds.

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.