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

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 2,681 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total value of $78,204.77. Following the transaction, the chief executive officer now 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 available at the SEC website.

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 Trading Down 12.4 %

Shares of REPX stock opened at $24.47 on Friday. The firm’s fifty day simple moving average is $31.08 and its 200 day simple moving average is $31.17. Riley Exploration Permian, Inc. has a 1 year low of $23.14 and a 1 year high of $37.55. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $526.23 million, a P/E ratio of 4.34 and a beta of 1.47.

Riley Exploration Permian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian’s payout ratio is 35.68%.

Analysts Set New Price Targets

Separately, Truist Financial raised their price target 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.

Hedge Funds Weigh In On Riley Exploration Permian

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Riley Exploration Permian by 48.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 121,353 shares of the company’s stock valued at $3,215,000 after purchasing an additional 39,759 shares during the last quarter. FMR LLC boosted its position in Riley Exploration Permian by 28.1% in the 3rd quarter. FMR LLC now owns 54,215 shares of the company’s stock valued at $1,436,000 after buying an additional 11,887 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Riley Exploration Permian by 20.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 49,031 shares of the company’s stock valued at $1,299,000 after buying an additional 8,278 shares during the period. State Street Corp raised its position in shares of Riley Exploration Permian by 2.5% during the third quarter. State Street Corp now owns 200,881 shares of the company’s stock worth $5,321,000 after acquiring an additional 4,927 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Riley Exploration Permian by 167.2% during the third quarter. Barclays PLC now owns 17,574 shares of the company’s stock valued at $464,000 after acquiring an additional 10,997 shares during the period. 58.91% of the stock is currently owned by institutional investors and hedge funds.

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.