Riley Exploration Permian (NYSE:REPX) CEO Sells $313,125.00 in Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $25.05, for a total value of $313,125.00. Following the transaction, the chief executive officer directly owned 369,431 shares of the company’s stock, valued at approximately $9,254,246.55. This trade represents a 3.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Riley Exploration Permian Stock Performance

Shares of REPX stock traded down $0.28 on Wednesday, reaching $26.09. The stock had a trading volume of 7,639 shares, compared to its average volume of 110,898. Riley Exploration Permian, Inc. has a 12 month low of $21.98 and a 12 month high of $37.55. The firm has a market capitalization of $573.06 million, a price-to-earnings ratio of 4.63 and a beta of 1.20. The firm’s 50-day moving average is $27.06 and its two-hundred day moving average is $27.00. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53.

Riley Exploration Permian Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Tuesday, October 21st were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a $1.60 annualized dividend and a yield of 6.1%. This is a positive change from Riley Exploration Permian’s previous quarterly dividend of $0.38. Riley Exploration Permian’s payout ratio is 39.12%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale increased its holdings in Riley Exploration Permian by 68.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,150 shares of the company’s stock valued at $61,000 after purchasing an additional 874 shares during the period. State of Wyoming acquired a new stake in Riley Exploration Permian in the first quarter valued at approximately $102,000. CWM LLC lifted its stake in shares of Riley Exploration Permian by 13.0% in the first quarter. CWM LLC now owns 4,221 shares of the company’s stock valued at $123,000 after buying an additional 486 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Riley Exploration Permian by 442.4% in the second quarter. Osaic Holdings Inc. now owns 4,231 shares of the company’s stock worth $111,000 after purchasing an additional 3,451 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in Riley Exploration Permian by 41.7% during the 1st quarter. Quantbot Technologies LP now owns 4,890 shares of the company’s stock worth $143,000 after acquiring an additional 1,439 shares during the last quarter. Institutional investors own 58.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Roth Capital started coverage on shares of Riley Exploration Permian in a report on Monday, October 13th. They issued a “buy” rating and a $36.00 price objective on the stock. Zacks Research upgraded Riley Exploration Permian to a “strong sell” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.50.

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.