Corey Neil Riley Sells 1,537 Shares of Riley Exploration Permian, Inc. (NYSE:REPX) Stock

Riley Exploration Permian, Inc. (NYSE:REPX) insider Corey Neil Riley sold 1,537 shares of the business’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 sale, the insider now directly owns 183,700 shares in the company, valued at $5,358,529. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 value of $95,690.00.

Riley Exploration Permian Trading Down 12.4 %

NYSE REPX opened at $24.47 on Friday. Riley Exploration Permian, Inc. has a 1 year low of $23.14 and a 1 year high of $37.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. The company has a market capitalization of $526.23 million, a PE ratio of 4.34 and a beta of 1.47. The company has a fifty day moving average of $31.08 and a 200 day moving average of $31.17.

Riley Exploration Permian Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were issued 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 6.21%. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 35.68%.

Institutional Trading of Riley Exploration Permian

Several hedge funds and other institutional investors have recently bought and sold shares of REPX. California State Teachers Retirement System boosted its position in Riley Exploration Permian by 10.2% in the 4th 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 in the last quarter. JT Stratford LLC purchased a new stake in Riley Exploration Permian during the fourth quarter worth $274,000. Trustees of Columbia University in the City of New York acquired a new stake in Riley Exploration Permian during the fourth quarter valued at $239,000. Man Group plc purchased a new position in Riley Exploration Permian in the fourth quarter valued at $557,000. Finally, Lazard Asset Management LLC raised its position in shares of Riley Exploration Permian by 43.3% in the fourth quarter. Lazard Asset Management LLC now owns 6,919 shares of the company’s stock worth $219,000 after acquiring an additional 2,090 shares during the period. 58.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Truist Financial upped their target price 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.

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.