Riley Exploration Permian, Inc. (NYSE:REPX) Insider Sells $95,690.00 in Stock

Riley Exploration Permian, Inc. (NYSE:REPX) insider Corey Neil Riley sold 3,500 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $27.34, for a total value of $95,690.00. Following the sale, the insider now directly owns 125,974 shares in the company, valued at $3,444,129.16. The trade was a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Riley Exploration Permian Stock Up 3.1 %

REPX stock traded up $0.86 during mid-day trading on Wednesday, hitting $28.21. 96,976 shares of the company were exchanged, compared to its average volume of 124,298. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. Riley Exploration Permian, Inc. has a 1-year low of $23.14 and a 1-year high of $37.55. The firm’s 50 day simple moving average is $33.09 and its 200 day simple moving average is $30.96. The firm has a market cap of $606.66 million, a P/E ratio of 5.00 and a beta of 1.58.

Riley Exploration Permian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, January 23rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.39%. Riley Exploration Permian’s payout ratio is 35.68%.

Institutional Investors Weigh In On Riley Exploration Permian

Institutional investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System acquired a new stake in shares of Riley Exploration Permian in the 4th quarter valued at about $33,000. Summit Investment Advisors Inc. grew its holdings in shares of Riley Exploration Permian by 44.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company’s stock worth $38,000 after buying an additional 368 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Riley Exploration Permian during the fourth quarter worth about $77,000. Travelers Companies Inc. acquired a new stake in Riley Exploration Permian in the 4th quarter valued at approximately $80,000. Finally, Quantbot Technologies LP bought a new stake in Riley Exploration Permian in the 4th quarter valued at approximately $110,000. 58.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Truist Financial increased their price target on Riley Exploration Permian from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, January 13th.

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.