Riley Exploration Permian (NYSE:REPX) Reaches New 12-Month Low – Should You Sell?

Riley Exploration Permian, Inc. (NYSE:REPX) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $22.36 and last traded at $24.10, with a volume of 24742 shares. The stock had previously closed at $24.47.

Wall Street Analyst Weigh In

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

Riley Exploration Permian Stock Down 0.4 %

The business’s fifty day moving average is $31.08 and its two-hundred day moving average is $31.23. The stock has a market cap of $524.08 million, a price-to-earnings ratio of 4.32 and a beta of 1.47. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53.

Riley Exploration Permian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian’s dividend payout ratio is currently 35.68%.

Insider Activity

In related news, insider Corey Neil Riley sold 1,537 shares of Riley Exploration Permian stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total value of $44,834.29. Following the completion of the transaction, the insider now owns 183,700 shares in the company, valued at $5,358,529. The trade was a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bobby Riley sold 15,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $33.37, for a total transaction of $500,550.00. Following the completion of the sale, the chief executive officer now directly owns 296,375 shares in the company, valued at approximately $9,890,033.75. This represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,477 shares of company stock worth $770,589. Corporate insiders own 3.90% of the company’s stock.

Institutional Trading of Riley Exploration Permian

Hedge funds and other institutional investors have recently bought and sold shares of the business. Summit Investment Advisors Inc. lifted its position in shares of Riley Exploration Permian by 44.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company’s stock worth $38,000 after buying an additional 368 shares during the last quarter. Rhumbline Advisers raised its stake in Riley Exploration Permian by 2.3% during the 4th quarter. Rhumbline Advisers now owns 16,867 shares of the company’s stock worth $538,000 after acquiring an additional 380 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in Riley Exploration Permian by 2.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 20,088 shares of the company’s stock valued at $641,000 after acquiring an additional 500 shares during the last quarter. Geode Capital Management LLC boosted its stake in Riley Exploration Permian by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 238,601 shares of the company’s stock valued at $7,617,000 after acquiring an additional 605 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Riley Exploration Permian by 10.2% during the fourth quarter. California State Teachers Retirement System now owns 9,199 shares of the company’s stock worth $294,000 after purchasing an additional 853 shares during the last quarter. 58.91% of the stock is currently owned by institutional investors and hedge funds.

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.