Bobby Riley Sells 2,681 Shares of Riley Exploration Permian, Inc. (NYSE:REPX) Stock

Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report) CEO Bobby Riley sold 2,681 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total value of $78,204.77. Following the transaction, the chief executive officer now directly owns 439,636 shares in the company, valued at approximately $12,824,182.12. This trade represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, February 10th, Bobby Riley sold 15,000 shares of Riley Exploration Permian stock. The shares were sold at an average price of $33.37, for a total transaction of $500,550.00.

Riley Exploration Permian Price Performance

Shares of NYSE REPX traded down $1.59 during midday trading on Tuesday, reaching $22.78. The company's stock had a trading volume of 125,176 shares, compared to its average volume of 119,786. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. The company has a market cap of $489.88 million, a P/E ratio of 4.04 and a beta of 1.47. The business's 50 day moving average price is $30.91 and its two-hundred day moving average price is $31.21. Riley Exploration Permian, Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $37.55.

Riley Exploration Permian Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date of this dividend was Thursday, January 23rd. Riley Exploration Permian's dividend payout ratio (DPR) is presently 35.68%.

Hedge Funds Weigh In On Riley Exploration Permian

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake 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 during the last quarter. Dimensional Fund Advisors LP increased its position in Riley Exploration Permian by 50.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company's stock worth $9,691,000 after purchasing an additional 101,309 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Riley Exploration Permian by 35.5% during the 4th quarter. American Century Companies Inc. now owns 385,341 shares of the company's stock valued at $12,300,000 after acquiring an additional 100,891 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Riley Exploration Permian by 304.6% during the fourth quarter. Prudential Financial Inc. now owns 63,361 shares of the company's stock valued at $2,022,000 after purchasing an additional 47,702 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in 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 acquiring an additional 41,020 shares during the last quarter. 58.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial upped their price target on shares of Riley Exploration Permian from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Monday, January 13th.

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.