Riley Exploration Permian, Inc. (REPX) To Go Ex-Dividend on January 23rd

Riley Exploration Permian, Inc. (NYSE:REPX) announced a quarterly dividend on Thursday, January 9th,NASDAQ Dividends reports. Stockholders of record on Thursday, January 23rd will be given a dividend of 0.38 per share on Thursday, February 6th. This represents a $1.52 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Thursday, January 23rd.

Riley Exploration Permian has increased its dividend by an average of 18.8% annually over the last three years. Riley Exploration Permian has a dividend payout ratio of 21.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Riley Exploration Permian to earn $7.06 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 21.5%.

Riley Exploration Permian Stock Up 0.8 %

REPX opened at $37.12 on Tuesday. The firm’s 50-day simple moving average is $33.47 and its 200-day simple moving average is $29.76. 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 has a twelve month low of $21.27 and a twelve month high of $37.26. The firm has a market cap of $797.34 million, a price-to-earnings ratio of 6.94 and a beta of 1.46.

Insiders Place Their Bets

In other Riley Exploration Permian news, CEO Bobby Riley sold 1,310 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $35.17, for a total transaction of $46,072.70. Following the sale, the chief executive officer now owns 311,375 shares of the company’s stock, valued at $10,951,058.75. This represents a 0.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.90% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial upped their target price on shares of 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.