Insider Selling: Riley Exploration Permian, Inc. (NYSE:REPX) Insider Sells $44,834.29 in Stock

Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report) insider Corey Neil Riley sold 1,537 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total transaction of $44,834.29. Following the completion of the transaction, the insider now directly owns 183,700 shares of the company's stock, valued at approximately $5,358,529. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Corey Neil Riley also recently made the following trade(s):

• On Monday, March 10th, Corey Neil Riley sold 3,500 shares of Riley Exploration Permian stock. The shares were sold at an average price of $27.34, for a total transaction of $95,690.00.

Riley Exploration Permian Trading Down 6.5 %

NYSE REPX traded down $1.59 on Tuesday, hitting $22.78. 125,176 shares of the stock were exchanged, 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. Riley Exploration Permian, Inc. has a 52-week low of $22.26 and a 52-week high of $37.55. The firm has a market capitalization of $489.88 million, a P/E ratio of 4.04 and a beta of 1.47. The stock has a fifty day moving average price of $30.91 and a two-hundred day moving average price of $31.21.

Riley Exploration Permian Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Truist Financial upped 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. grew its stake in shares of Riley Exploration Permian by 44.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company's stock valued at $38,000 after buying an additional 368 shares during the last quarter. Rhumbline Advisers grew its position in Riley Exploration Permian by 2.3% in the 4th quarter. Rhumbline Advisers now owns 16,867 shares of the company's stock valued at $538,000 after acquiring an additional 380 shares during the last quarter. Hillsdale Investment Management Inc. increased its stake in Riley Exploration Permian by 2.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 20,088 shares of the company's stock worth $641,000 after purchasing an additional 500 shares during the period. Geode Capital Management LLC increased its stake in Riley Exploration Permian by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 238,601 shares of the company's stock worth $7,617,000 after purchasing an additional 605 shares during the period. Finally, California State Teachers Retirement System lifted its position in shares of Riley Exploration Permian by 10.2% during the fourth quarter. California State Teachers Retirement System now owns 9,199 shares of the company's stock worth $294,000 after purchasing an additional 853 shares during the last quarter. 58.91% of the stock is owned by hedge funds and other institutional investors.

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.