Insider Selling: Riley Exploration Permian, Inc. (NYSE:REPX) CEO Sells 15,000 Shares of Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $26.01, for a total transaction of $390,150.00. Following the sale, the chief executive officer directly owned 399,636 shares in the company, valued at $10,394,532.36. This represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, June 17th, Bobby Riley sold 5,500 shares of Riley Exploration Permian stock. The shares were sold at an average price of $28.65, for a total transaction of $157,575.00.
• On Monday, June 16th, Bobby Riley sold 4,500 shares of Riley Exploration Permian stock. The stock was sold at an average price of $28.05, for a total transaction of $126,225.00.

Riley Exploration Permian Stock Up 1.9%

REPX stock opened at $27.52 on Thursday. The company has a 50 day moving average price of $26.98 and a two-hundred day moving average price of $28.02. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. The stock has a market capitalization of $606.60 million, a P/E ratio of 4.88 and a beta of 1.49. Riley Exploration Permian, Inc. has a one year low of $21.98 and a one year high of $37.55.

Riley Exploration Permian Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Investors of record on Thursday, July 24th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 5.5%. The ex-dividend date was Thursday, July 24th. Riley Exploration Permian’s dividend payout ratio is presently 33.55%.

Hedge Funds Weigh In On Riley Exploration Permian

Several institutional investors have recently added to or reduced their stakes in REPX. GAMMA Investing LLC boosted its stake in Riley Exploration Permian by 93.5% in the 1st quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $27,000 after buying an additional 449 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Riley Exploration Permian by 44.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company’s stock worth $38,000 after acquiring an additional 368 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Riley Exploration Permian by 68.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,150 shares of the company’s stock worth $61,000 after acquiring an additional 874 shares during the period. State of Wyoming acquired a new stake in shares of Riley Exploration Permian in the first quarter worth approximately $102,000. Finally, UNC Management Company Inc. purchased a new stake in Riley Exploration Permian in the fourth quarter valued at approximately $120,000. 58.91% of the stock is currently owned by institutional investors and hedge funds.

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.