Riley Exploration Permian, Inc. (NYSE:REPX) CEO Sells $163,140.84 in Stock

Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report) CEO Bobby Riley sold 4,636 shares of Riley Exploration Permian stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $35.19, for a total value of $163,140.84. Following the sale, the chief executive officer now owns 321,739 shares of the company's stock, valued at approximately $11,321,995.41. This represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $26.49, for a total transaction 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 transaction of $167,129.04.

Riley Exploration Permian Stock Performance

Riley Exploration Permian stock traded up $0.09 on Friday, reaching $35.10. 45,537 shares of the stock were exchanged, compared to its average volume of 124,533. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. Riley Exploration Permian, Inc. has a twelve month low of $21.27 and a twelve month high of $37.15. The firm has a fifty day moving average price of $29.97 and a two-hundred day moving average price of $28.32. The stock has a market cap of $753.95 million, a PE ratio of 6.22 and a beta of 1.34.

Riley Exploration Permian Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Thursday, October 24th were paid 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 was Thursday, October 24th. This represents a $1.52 annualized dividend and a yield of 4.33%. Riley Exploration Permian's dividend payout ratio is presently 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 company a "buy" rating in a report on Thursday, November 14th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in REPX. CWM LLC increased its holdings in shares of Riley Exploration Permian by 1,191.7% during the 2nd quarter. CWM LLC now owns 1,240 shares of the company's stock worth $35,000 after purchasing an additional 1,144 shares during the period. Ariadne Wealth Management LP acquired a new position in Riley Exploration Permian in the 2nd quarter valued at approximately $36,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Riley Exploration Permian in the 2nd quarter worth approximately $39,000. Point72 DIFC Ltd acquired a new stake in shares of Riley Exploration Permian during the 2nd quarter worth approximately $51,000. Finally, Copeland Capital Management LLC bought a new stake in shares of Riley Exploration Permian during the third quarter valued at approximately $48,000. 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.