Bobby Riley Sells 2,681 Shares of Riley Exploration Permian, Inc. (NYSE:REPX) Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 2,681 shares of Riley Exploration Permian stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total transaction of $78,204.77. Following the sale, the chief executive officer now directly owns 439,636 shares of the company’s stock, valued at $12,824,182.12. This represents a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Bobby Riley also recently made the following trade(s):

• On Monday, February 10th, Bobby Riley sold 15,000 shares of Riley Exploration Permian stock. The stock was sold at an average price of $33.37, for a total value of $500,550.00.

Riley Exploration Permian Stock Performance

Shares of REPX stock opened at $24.47 on Friday. The stock has a market cap of $526.23 million, a PE ratio of 4.34 and a beta of 1.47. The stock has a 50-day moving average of $31.08 and a 200-day moving average of $31.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. Riley Exploration Permian, Inc. has a one year low of $23.14 and a one year high of $37.55.

Riley Exploration Permian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 6.21%. The ex-dividend date was Thursday, January 23rd. Riley Exploration Permian’s payout ratio is presently 35.68%.

Institutional Investors Weigh In On Riley Exploration Permian

Several hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Riley Exploration Permian by 48.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 121,353 shares of the company’s stock valued at $3,215,000 after buying an additional 39,759 shares during the period. FMR LLC grew its stake in Riley Exploration Permian by 28.1% in the third quarter. FMR LLC now owns 54,215 shares of the company’s stock valued at $1,436,000 after acquiring an additional 11,887 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Riley Exploration Permian by 20.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 49,031 shares of the company’s stock worth $1,299,000 after acquiring an additional 8,278 shares in the last quarter. State Street Corp raised its position in shares of Riley Exploration Permian by 2.5% during the third quarter. State Street Corp now owns 200,881 shares of the company’s stock worth $5,321,000 after purchasing an additional 4,927 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Riley Exploration Permian by 167.2% during the 3rd quarter. Barclays PLC now owns 17,574 shares of the company’s stock valued at $464,000 after purchasing an additional 10,997 shares in the last quarter. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.