Riley Exploration Permian (NYSE:REPX) Trading Up 5% - Should You Buy?

Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report)'s stock price was up 5% on Thursday . The company traded as high as $29.25 and last traded at $29.36. Approximately 56,520 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 123,358 shares. The stock had previously closed at $27.97.

Analyst Ratings Changes

Separately, Truist Financial increased 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 report on Monday, January 13th.

Riley Exploration Permian Stock Performance

The business's fifty day simple moving average is $33.28 and its 200-day simple moving average is $30.97. The firm has a market cap of $592.29 million, a P/E ratio of 4.88 and a beta of 1.58. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $1.52 annualized dividend and a dividend yield of 5.51%. Riley Exploration Permian's dividend payout ratio is 26.95%.

Insider Buying and Selling

In related news, CEO Bobby Riley sold 15,000 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $33.37, for a total value of $500,550.00. Following the sale, the chief executive officer now owns 296,375 shares in the company, valued at $9,890,033.75. This represents a 4.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.90% of the stock is owned by insiders.

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Institutional Investors Weigh In On Riley Exploration Permian

Several hedge funds have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System purchased a new stake in Riley Exploration Permian during the 4th quarter valued at about $33,000. Summit Investment Advisors Inc. increased its position 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 acquiring an additional 368 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Riley Exploration Permian in the 4th quarter worth approximately $77,000. Travelers Companies Inc. bought a new position in Riley Exploration Permian in the 4th quarter valued at approximately $80,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Riley Exploration Permian during the fourth quarter valued at $110,000. 58.91% of the stock is owned by 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.