Bobby Riley Sells 4,636 Shares of Riley Exploration Permian, Inc. (NYSE:REPX) Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 4,636 shares of Riley Exploration Permian stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $35.19, for a total value of $163,140.84. Following the sale, the chief executive officer now owns 321,739 shares of the company’s stock, valued at approximately $11,321,995.41. This trade represents a 1.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 Friday, September 27th, Bobby Riley sold 6,302 shares of Riley Exploration Permian stock. The shares were sold at an average price of $26.52, for a total transaction of $167,129.04.

Riley Exploration Permian Price Performance

NYSE REPX traded up $0.09 during trading hours on Friday, reaching $35.10. 45,537 shares of the stock traded hands, compared to its average volume of 124,457. 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 stock has a 50 day simple moving average of $29.82 and a two-hundred day simple moving average of $28.25. Riley Exploration Permian, Inc. has a 1 year low of $21.27 and a 1 year high of $37.15. The company has a market cap of $753.95 million, a price-to-earnings ratio of 6.54 and a beta of 1.34.

Riley Exploration Permian Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Thursday, October 24th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.33%. This is a boost from Riley Exploration Permian’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, October 24th. Riley Exploration Permian’s dividend payout ratio (DPR) is currently 26.95%.

Institutional Trading of Riley Exploration Permian

A number of hedge funds have recently bought and sold shares of REPX. Mackenzie Financial Corp purchased 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 position in shares of Riley Exploration Permian during the 2nd quarter valued at $3,723,000. Marshall Wace LLP purchased a new position in Riley Exploration Permian in the 2nd quarter worth $2,396,000. First Eagle Investment Management LLC lifted its stake in Riley Exploration Permian by 42.8% in the second quarter. First Eagle Investment Management LLC now owns 252,214 shares of the company’s stock worth $7,140,000 after purchasing an additional 75,650 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Riley Exploration Permian by 95.5% during the second quarter. Renaissance Technologies LLC now owns 139,000 shares of the company’s stock valued at $3,935,000 after buying an additional 67,900 shares during the last quarter. Institutional investors own 58.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial raised their price objective on shares of Riley Exploration Permian from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, November 14th.

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.