Bobby Riley Sells 1,310 Shares of Riley Exploration Permian, Inc. (NYSE:REPX) Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 1,310 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $35.17, for a total value of $46,072.70. Following the transaction, the chief executive officer now directly owns 311,375 shares of the company’s stock, valued at $10,951,058.75. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, November 26th, Bobby Riley sold 4,636 shares of Riley Exploration Permian stock. The stock was sold at an average price of $35.19, for a total value of $163,140.84.
• 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

NYSE REPX opened at $34.84 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $30.27 and its two-hundred day moving average is $28.47. Riley Exploration Permian, Inc. has a 12-month low of $21.27 and a 12-month high of $37.15. The stock has a market capitalization of $748.36 million, a price-to-earnings ratio of 6.18 and a beta of 1.42.

Riley Exploration Permian Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 24th were paid a dividend of $0.38 per share. This is a positive change 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 dividend yield of 4.36%. Riley Exploration Permian’s payout ratio is 26.95%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Riley Exploration Permian

Institutional investors have recently modified their holdings of the company. Barclays PLC lifted its stake in Riley Exploration Permian by 167.2% in the 3rd quarter. Barclays PLC now owns 17,574 shares of the company’s stock valued at $464,000 after buying an additional 10,997 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Riley Exploration Permian by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 237,996 shares of the company’s stock worth $6,306,000 after purchasing an additional 41,020 shares during the period. State Street Corp lifted its stake in shares of Riley Exploration Permian by 2.5% during the 3rd quarter. State Street Corp now owns 200,881 shares of the company’s stock worth $5,321,000 after purchasing an additional 4,927 shares during the period. ClearAlpha Technologies LP purchased a new position in shares of Riley Exploration Permian during the 3rd quarter worth $250,000. Finally, PDT Partners LLC increased its holdings in shares of Riley Exploration Permian by 86.7% during the 3rd quarter. PDT Partners LLC now owns 29,346 shares of the company’s stock worth $777,000 after buying an additional 13,627 shares during the last quarter. Hedge funds and other institutional investors own 58.91% of the company’s stock.

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.