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

Riley Exploration Permian, Inc. (NYSE:REPX) insider Corey Neil Riley sold 1,537 shares of Riley Exploration Permian stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total transaction of $44,834.29. Following the completion of the sale, the insider now directly owns 183,700 shares in the company, valued at $5,358,529. This represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 shares were sold at an average price of $27.34, for a total transaction of $95,690.00.

Riley Exploration Permian Stock Performance

Shares of NYSE:REPX opened at $24.47 on Friday. 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 1 year low of $23.14 and a 1 year high of $37.55. The firm has a market capitalization of $526.23 million, a PE ratio of 4.34 and a beta of 1.47. The business’s 50 day moving average price is $31.08 and its 200-day moving average price is $31.17.

Riley Exploration Permian Dividend Announcement

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Riley Exploration Permian

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Riley Exploration Permian by 29.4% during the fourth quarter. Vanguard Group Inc. now owns 912,038 shares of the company’s stock worth $29,112,000 after acquiring an additional 207,319 shares during the last quarter. Jackson Hole Capital Partners LLC boosted its holdings in shares of Riley Exploration Permian by 1.2% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 394,796 shares of the company’s stock worth $12,602,000 after purchasing an additional 4,788 shares during the last quarter. American Century Companies Inc. grew its position in shares of Riley Exploration Permian by 35.5% in the fourth quarter. American Century Companies Inc. now owns 385,341 shares of the company’s stock valued at $12,300,000 after purchasing an additional 100,891 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Riley Exploration Permian by 50.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company’s stock valued at $9,691,000 after purchasing an additional 101,309 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in Riley Exploration Permian by 2.2% during the fourth quarter. First Eagle Investment Management LLC now owns 287,048 shares of the company’s stock worth $9,163,000 after buying an additional 6,100 shares in 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.