Riley Exploration Permian (NYSE:REPX) CEO Bobby Riley Sells 12,500 Shares

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 12,500 shares of Riley Exploration Permian stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $25.05, for a total transaction of $313,125.00. Following the transaction, the chief executive officer directly owned 369,431 shares in the company, valued at approximately $9,254,246.55. This represents a 3.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Riley Exploration Permian Stock Performance

REPX stock opened at $25.92 on Thursday. The firm has a market cap of $569.44 million, a PE ratio of 4.60 and a beta of 1.20. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average of $27.01 and a 200-day moving average of $26.99. Riley Exploration Permian, Inc. has a 12-month low of $21.98 and a 12-month high of $37.55.

Riley Exploration Permian Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Tuesday, October 21st were paid a $0.40 dividend. This is a boost from Riley Exploration Permian’s previous quarterly dividend of $0.38. The ex-dividend date was Tuesday, October 21st. This represents a $1.60 dividend on an annualized basis and a yield of 6.2%. Riley Exploration Permian’s dividend payout ratio is currently 39.12%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. American Century Companies Inc. increased its stake in shares of Riley Exploration Permian by 25.8% in the first quarter. American Century Companies Inc. now owns 484,614 shares of the company’s stock worth $14,136,000 after purchasing an additional 99,273 shares in the last quarter. Brandywine Global Investment Management LLC lifted its stake in shares of Riley Exploration Permian by 19.2% during the 1st quarter. Brandywine Global Investment Management LLC now owns 78,300 shares of the company’s stock valued at $2,284,000 after buying an additional 12,620 shares in the last quarter. Nuveen LLC bought a new position in Riley Exploration Permian in the 1st quarter worth approximately $926,000. Petrus Trust Company LTA purchased a new position in Riley Exploration Permian in the 1st quarter valued at approximately $286,000. Finally, Segall Bryant & Hamill LLC grew its stake in Riley Exploration Permian by 16.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 70,187 shares of the company’s stock valued at $2,047,000 after buying an additional 9,864 shares in the last quarter. Hedge funds and other institutional investors own 58.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on REPX shares. Roth Capital assumed coverage on Riley Exploration Permian in a research note on Monday, October 13th. They set a “buy” rating and a $36.00 target price on the stock. Zacks Research raised shares of Riley Exploration Permian to a “strong sell” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Riley Exploration Permian has an average rating of “Moderate Buy” and a consensus price target of $41.50.

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.