Philip A. Riley Sells 1,759 Shares of Riley Exploration Permian, Inc. (NYSE:REPX) Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CFO Philip A. Riley sold 1,759 shares of the company’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 transaction of $51,310.03. Following the transaction, the chief financial officer now owns 188,172 shares of the company’s stock, valued at approximately $5,488,977.24. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Riley Exploration Permian Trading Down 7.9 %

Shares of Riley Exploration Permian stock traded down $2.37 during midday trading on Thursday, reaching $27.63. The company had a trading volume of 82,675 shares, compared to its average volume of 126,409. The stock has a fifty day moving average price of $31.43 and a 200 day moving average price of $31.21. Riley Exploration Permian, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $37.55. The firm has a market cap of $594.18 million, a PE ratio of 4.90 and a beta of 1.58. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64.

Riley Exploration Permian Dividend Announcement

The company also recently declared 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 was Thursday, January 23rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.50%. Riley Exploration Permian’s dividend payout ratio (DPR) is currently 35.68%.

Hedge Funds Weigh In On Riley Exploration Permian

A number of hedge funds have recently bought and sold shares of REPX. Vanguard Group Inc. lifted 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 buying an additional 207,319 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Riley Exploration Permian by 50.2% in 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. grew its position in Riley Exploration Permian by 35.5% in the 4th quarter. American Century Companies Inc. now owns 385,341 shares of the company’s stock valued at $12,300,000 after purchasing an additional 100,891 shares during the period. Prudential Financial Inc. increased its stake in Riley Exploration Permian by 304.6% during the 4th 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 raised its holdings in Riley Exploration Permian by 20.8% during the third quarter. Geode Capital Management LLC now owns 237,996 shares of the company’s stock worth $6,306,000 after buying an additional 41,020 shares during the last quarter. Institutional investors own 58.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial upped their target price on Riley Exploration Permian from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, January 13th.

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.