Riley Exploration Permian, Inc. (NYSE:REPX) CEO Sells $167,129.04 in Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 6,302 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $26.52, for a total value of $167,129.04. Following the completion of the sale, the chief executive officer now owns 335,356 shares in the company, valued at approximately $8,893,641.12. The transaction 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 shares were 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 Stock Performance

REPX traded up $0.30 during trading on Tuesday, hitting $26.79. The stock had a trading volume of 107,416 shares, 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 firm has a market cap of $578.13 million, a price-to-earnings ratio of 5.40 and a beta of 1.34. The company has a 50 day moving average price of $27.10 and a 200-day moving average price of $27.84. Riley Exploration Permian, Inc. has a one year low of $21.27 and a one year high of $34.90.

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

Riley Exploration Permian Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, July 25th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, July 25th. This represents a $1.44 dividend on an annualized basis and a yield of 5.38%. Riley Exploration Permian’s payout ratio is 29.27%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Riley Exploration Permian

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in Riley Exploration Permian by 95.5% in the second quarter. Renaissance Technologies LLC now owns 139,000 shares of the company’s stock valued at $3,935,000 after acquiring an additional 67,900 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Riley Exploration Permian by 77.2% in the 1st quarter. First Eagle Investment Management LLC now owns 176,564 shares of the company’s stock valued at $5,827,000 after purchasing an additional 76,932 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Riley Exploration Permian during the 2nd quarter worth $1,856,000. Swiss National Bank boosted its stake in Riley Exploration Permian by 20.5% in the fourth quarter. Swiss National Bank now owns 15,900 shares of the company’s stock valued at $433,000 after buying an additional 2,700 shares in the last quarter. Finally, Bailard Inc. grew its position in Riley Exploration Permian by 56.5% in the second quarter. Bailard Inc. now owns 27,977 shares of the company’s stock valued at $792,000 after acquiring an additional 10,100 shares during the last quarter. 58.91% of the stock is currently owned by institutional investors and hedge funds.

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.