Insider Selling: Riley Exploration Permian, Inc. (NYSE:REPX) Insider Sells 3,500 Shares of Stock

Riley Exploration Permian, Inc. (NYSE:REPX) insider Corey Neil Riley sold 3,500 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $27.34, for a total value of $95,690.00. Following the transaction, the insider now owns 125,974 shares of the company’s stock, valued at approximately $3,444,129.16. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Riley Exploration Permian Trading Up 3.1 %

Riley Exploration Permian stock opened at $28.21 on Thursday. Riley Exploration Permian, Inc. has a one year low of $23.14 and a one year high of $37.55. The company has a market cap of $606.66 million, a price-to-earnings ratio of 5.00 and a beta of 1.58. The firm has a 50-day moving average of $33.02 and a 200-day moving average of $30.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64.

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 issued a $0.38 dividend. The ex-dividend date was Thursday, January 23rd. This represents a $1.52 annualized dividend and a yield of 5.39%. Riley Exploration Permian’s dividend payout ratio is currently 35.68%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of REPX. JT Stratford LLC bought a new position in shares of Riley Exploration Permian during the fourth quarter worth approximately $274,000. Trustees of Columbia University in the City of New York bought a new position in Riley Exploration Permian in the fourth quarter valued at approximately $239,000. Man Group plc acquired a new stake in Riley Exploration Permian in the fourth quarter valued at approximately $557,000. Lazard Asset Management LLC boosted its position in Riley Exploration Permian by 43.3% in the fourth quarter. Lazard Asset Management LLC now owns 6,919 shares of the company’s stock valued at $219,000 after buying an additional 2,090 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. acquired a new stake in Riley Exploration Permian in the fourth quarter valued at approximately $434,000. 58.91% of the stock is owned by institutional investors.

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.