Bobby Riley Sells 6,302 Shares of Riley Exploration Permian, Inc. (NYSE:REPX) Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 6,302 shares of Riley Exploration Permian stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $26.52, for a total transaction of $167,129.04. Following the sale, the chief executive officer now owns 335,356 shares in the company, valued at $8,893,641.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Bobby Riley also recently made the following trade(s):

• On Tuesday, October 1st, Bobby Riley sold 8,981 shares of Riley Exploration Permian stock. The stock was sold at an average price of $26.49, for a total transaction of $237,906.69.
• On Thursday, July 11th, Bobby Riley sold 15,000 shares of Riley Exploration Permian stock. The shares were sold at an average price of $28.00, for a total value of $420,000.00.

Riley Exploration Permian Trading Up 1.1 %

Shares of REPX stock opened at $27.08 on Thursday. The company has a market capitalization of $584.39 million, a P/E ratio of 5.50 and a beta of 1.34. Riley Exploration Permian, Inc. has a 12-month low of $21.27 and a 12-month high of $34.90. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $27.01 and a 200 day moving average price of $27.82.

Riley Exploration Permian (NYSE:REPX) last posted its earnings results on Wednesday, August 7th. The company reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.13). The firm had revenue of $105.40 million during the quarter, compared to the consensus estimate of $106.62 million. Riley Exploration Permian had a net margin of 23.95% and a return on equity of 25.74%. Research analysts forecast that Riley Exploration Permian, Inc. will post 6.62 earnings per share for the current fiscal year.

Riley Exploration Permian Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, July 25th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.32%. The ex-dividend date was Thursday, July 25th. Riley Exploration Permian’s payout ratio is presently 29.27%.

Institutional Trading of Riley Exploration Permian

A number of hedge funds and other institutional investors have recently made changes to their positions in REPX. Point72 DIFC Ltd acquired a new position in Riley Exploration Permian during the 2nd quarter worth about $51,000. Ariadne Wealth Management LP bought a new position in shares of Riley Exploration Permian in the second quarter worth about $36,000. Mackenzie Financial Corp acquired a new position in shares of Riley Exploration Permian during the second quarter worth approximately $4,392,000. AQR Capital Management LLC bought a new stake in shares of Riley Exploration Permian during the second quarter valued at approximately $3,723,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Riley Exploration Permian in the second quarter valued at approximately $1,708,000. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Truist Financial decreased their price target on Riley Exploration Permian from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday.

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.