Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley Sells 15,000 Shares

Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report) CEO Bobby Riley sold 15,000 shares of Riley Exploration Permian stock in a transaction on Monday, February 10th. The shares were sold at an average price of $33.37, for a total value of $500,550.00. Following the completion of the transaction, the chief executive officer now owns 296,375 shares in the company, valued at $9,890,033.75. The trade was a 4.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, November 29th, Bobby Riley sold 1,310 shares of Riley Exploration Permian stock. The stock was sold at an average price of $35.17, for a total transaction of $46,072.70.
• 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 transaction of $163,140.84.

Riley Exploration Permian Stock Up 1.0 %

Riley Exploration Permian stock traded up $0.33 during midday trading on Friday, hitting $34.18. 100,490 shares of the company were exchanged, compared to its average volume of 91,707. The company's fifty day moving average price is $33.21 and its 200-day moving average price is $30.39. The company has a market cap of $734.19 million, a PE ratio of 6.06 and a beta of 1.47. 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, Inc. has a fifty-two week low of $22.39 and a fifty-two week high of $37.55.

Riley Exploration Permian Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, January 23rd. This represents a $1.52 annualized dividend and a dividend yield of 4.45%. Riley Exploration Permian's dividend payout ratio is presently 26.95%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial raised their price objective on Riley Exploration Permian from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Monday, January 13th.

Institutional Trading of Riley Exploration Permian

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Riley Exploration Permian by 29.4% in the fourth quarter. Vanguard Group Inc. now owns 912,038 shares of the company's stock valued at $29,112,000 after acquiring an additional 207,319 shares in the last quarter. Jackson Hole Capital Partners LLC lifted its position in shares of Riley Exploration Permian by 1.2% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 394,796 shares of the company's stock worth $12,602,000 after purchasing an additional 4,788 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Riley Exploration Permian by 35.5% during the fourth quarter. American Century Companies Inc. now owns 385,341 shares of the company's stock worth $12,300,000 after purchasing an additional 100,891 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Riley Exploration Permian by 50.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company's stock worth $9,691,000 after acquiring an additional 101,309 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of Riley Exploration Permian by 2.2% in the 4th quarter. First Eagle Investment Management LLC now owns 287,048 shares of the company's stock worth $9,163,000 after acquiring an additional 6,100 shares in the last quarter. 58.91% of the stock is currently owned by institutional investors and hedge funds.

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.