Bobby Riley Sells 8,981 Shares of Riley Exploration Permian, Inc. (NYSE:REPX) Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 8,981 shares of Riley Exploration Permian stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $26.49, for a total value of $237,906.69. Following the transaction, the chief executive officer now owns 326,375 shares in the company, valued at $8,645,673.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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.
• On Thursday, July 11th, Bobby Riley sold 15,000 shares of Riley Exploration Permian stock. The stock was sold at an average price of $28.00, for a total value of $420,000.00.

Riley Exploration Permian Price Performance

Shares of REPX stock traded up $0.30 during trading hours on Tuesday, reaching $26.79. 107,416 shares of the company were exchanged, compared to its average volume of 130,776. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.63 and a quick ratio of 0.58. The stock’s fifty day moving average is $27.10 and its two-hundred day moving average is $27.84. Riley Exploration Permian, Inc. has a fifty-two week low of $21.27 and a fifty-two week high of $34.90. The company has a market cap of $578.13 million, a price-to-earnings ratio of 5.40 and a beta of 1.34.

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

Riley Exploration Permian Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, July 25th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date was Thursday, July 25th. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 29.27%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Riley Exploration Permian

Large investors have recently modified their holdings of the business. Quest Partners LLC raised its holdings in Riley Exploration Permian by 38.6% during the second quarter. Quest Partners LLC now owns 3,815 shares of the company’s stock worth $108,000 after buying an additional 1,062 shares during the last quarter. CWM LLC boosted its stake in Riley Exploration Permian by 1,191.7% in the second quarter. CWM LLC now owns 1,240 shares of the company’s stock valued at $35,000 after acquiring an additional 1,144 shares during the last quarter. Ariadne Wealth Management LP purchased a new position in Riley Exploration Permian in the second quarter valued at approximately $36,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Riley Exploration Permian during the second quarter valued at $39,000. Finally, Point72 DIFC Ltd purchased a new stake in Riley Exploration Permian in the second quarter worth $51,000. Institutional investors and hedge funds own 58.91% of the company’s stock.

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.