Insider Selling: Riley Exploration Permian, Inc. (NYSE:REPX) CEO Sells 4,636 Shares of Stock

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

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 value of $237,906.69.
• On Friday, September 27th, Bobby Riley sold 6,302 shares of Riley Exploration Permian stock. The stock was sold at an average price of $26.52, for a total value of $167,129.04.

Riley Exploration Permian Stock Performance

Riley Exploration Permian stock opened at $35.10 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. The stock has a fifty day moving average of $29.97 and a two-hundred day moving average of $28.32. The company has a market capitalization of $753.95 million, a price-to-earnings ratio of 6.56 and a beta of 1.34. Riley Exploration Permian, Inc. has a fifty-two week low of $21.27 and a fifty-two week high of $37.15.

Riley Exploration Permian Increases Dividend

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

Hedge Funds Weigh In On Riley Exploration Permian

Several hedge funds have recently bought and sold shares of the stock. Koss Olinger Consulting LLC boosted its holdings in shares of Riley Exploration Permian by 2.3% during the third quarter. Koss Olinger Consulting LLC now owns 18,326 shares of the company’s stock worth $485,000 after purchasing an additional 409 shares during the last quarter. Quest Partners LLC boosted its holdings in shares of Riley Exploration Permian by 38.6% during the second quarter. Quest Partners LLC now owns 3,815 shares of the company’s stock worth $108,000 after purchasing an additional 1,062 shares during the last quarter. CWM LLC boosted its holdings in Riley Exploration Permian by 1,191.7% in the second quarter. CWM LLC now owns 1,240 shares of the company’s stock valued at $35,000 after acquiring an additional 1,144 shares during the last quarter. Ariadne Wealth Management LP acquired a new position in Riley Exploration Permian in the second quarter valued at $36,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Riley Exploration Permian in the second quarter valued at $39,000. Hedge funds and other institutional investors own 58.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial upped their price target on Riley Exploration Permian from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, November 14th.

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.