Corey Neil Riley Sells 1,537 Shares of Riley Exploration Permian, Inc. (NYSE:REPX) Stock

Riley Exploration Permian, Inc. (NYSE:REPX) insider Corey Neil Riley sold 1,537 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total value of $44,834.29. Following the completion of the sale, the insider now owns 183,700 shares in the company, valued at approximately $5,358,529. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Corey Neil Riley also recently made the following trade(s):

• On Monday, March 10th, Corey Neil Riley sold 3,500 shares of Riley Exploration Permian stock. The stock was sold at an average price of $27.34, for a total transaction of $95,690.00.

Riley Exploration Permian Trading Down 7.9 %

Shares of NYSE REPX traded down $2.37 during trading hours on Thursday, reaching $27.63. The stock had a trading volume of 82,675 shares, compared to its average volume of 126,409. Riley Exploration Permian, Inc. has a 52-week low of $23.14 and a 52-week high of $37.55. The firm has a market cap of $594.18 million, a price-to-earnings ratio of 4.90 and a beta of 1.58. The business’s fifty day moving average price is $31.43 and its two-hundred day moving average price is $31.21. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53.

Riley Exploration Permian Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 5.50%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian’s dividend payout ratio is 35.68%.

Analysts Set New Price Targets

Separately, Truist Financial lifted their price objective on shares of Riley Exploration Permian from $45.00 to $47.00 and gave the company a “buy” rating in a report on Monday, January 13th.

Hedge Funds Weigh In On Riley Exploration Permian

Institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System lifted its stake in Riley Exploration Permian by 10.2% in the fourth quarter. California State Teachers Retirement System now owns 9,199 shares of the company’s stock worth $294,000 after acquiring an additional 853 shares during the period. JT Stratford LLC purchased a new stake in shares of Riley Exploration Permian in the 4th quarter worth approximately $274,000. Trustees of Columbia University in the City of New York purchased a new stake in shares of Riley Exploration Permian in the 4th quarter worth approximately $239,000. Man Group plc bought a new position in shares of Riley Exploration Permian during the fourth quarter valued at approximately $557,000. Finally, Lazard Asset Management LLC increased its holdings in Riley Exploration Permian by 43.3% during the fourth quarter. Lazard Asset Management LLC now owns 6,919 shares of the company’s stock valued at $219,000 after buying an additional 2,090 shares during the period. Hedge funds and other institutional investors 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.